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United States : WELCH ALLYN announces financing deal for CARDIAC INSIGHT

July 25, 2014

Welch Allyn, Skaneateles Falls-based declared about a financing contract reached for Cardiac Insight, a University of Washington spinoff biotech firm, that formulates modernized body worn sensing and computing technologies for applications in cardiology, respiratory and other complex disease states.

In $7 million series B financing round, Welch Allyn and WRF Capital and other investors are incorporated.

For foster increasing body worn sensing and computing technologies, expand clinical research and accelerate sales, Cardiac Insight contrives to utilize the capital.

Moreover, Cardiac Insight and Welch Allyn also declared concerning a strategic collaboration deal that will offer Welch Allyn exclusive global distribution rights for certain Cardiac Insight products and technologies.

Cardiac Insight is bringing to market disruptive technologies designed to streamline and simplify diagnostic and monitoring processes for complex disease states like cardiac arrhythmia and obstructive sleep apnea, directly addressing the often slow and costly approaches we see today, said Welch Allyn president and CEO, Stephen Meyer in a press release. This collaborative opportunity will enable Welch Allyn to provide physicians with smart monitoring solutions and improve patient access to cutting edge diagnostics.

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Source: TendersInfo (India)

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