- Company’s PURE EP™ System’s data-driven commercialization is gaining acceptance through new evaluative installations at medical centers of excellence
- The strongest cash balance in its history positions the Company well to execute on its strategic goals.
Recent Company Highlights include:
- Updates on the PURE EP™ System, which was recently installed at
Massachusetts General Hospital (MGH) and the Hospital of theUniversity of Pennsylvania for evaluation – two major clinical and research hubs on theEast Coast , regarded for their outstanding contributions to medical innovation. The company reports that several other clinical sites are due to receive BioSig’s technology in the coming months, and the Company is on track to install PURE EP™ in up to ten hospitals across the country by year-end. - The Company’s experienced clinical and commercial team is paving the way towards sales and revenues, continuing to engage more clinical sites, conduct new installations for technology evaluations and clinical data collection, and drive physician engagement.
BioSig recently announced the acceptance of two manuscripts, including a study abstract featuring robust clinical data collected with the PURE EP™ System. The data were reviewed in a blinded, independent analysis and presented at theEuropean Society of Cardiology’sESC Congress 2020.- In 2020,
BioSig raised$39 million and, as ofJune 30, 2020 , had$36.9 million in cash on its balance sheet, placing it in the strongest financial position of its corporate history. - Since this letter's original mailing, the Company announced that its ViralClear subsidiary halted its Phase 2 COVID-19 trial and that it will not continue the development of merimepodib; therefore much of the information regarding ViralClear in this letter is out of date. Click here to read the full version of the
October 26, 2020 announcement.
“We believe that
To view the Company’s Shareholder Letter in its entirety, please visit https://ir.biosig.com.
About
The Company’s first product, PURE EP (tm) System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory.
Forward-looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (ii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iii) difficulties in obtaining financing on commercially reasonable terms; (iv) changes in the size and nature of our competition; (v) loss of one or more key executives or scientists; and (vi) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the
Andrew Ballou BioSig Technologies, Inc. Vice President, Investor Relations54 Wilton Road , 2nd floorWestport, CT 06880 aballou@biosigtech.com 203-409-5444, x133
Source:
2020 GlobeNewswire, Inc., source