ISRAEL’s CardiacSense said yesterday it signed a US$32.4 mil deal to sell medical watches in India, bringing its total backlog of orders to over US$60 million.
The company said the agreement is for 150,000 watches – which can monitor vital signs like temperature, blood pressure and blood oxygen saturation – to be used in hospitals, home hospitalisations and patient monitoring.
The deal with Explore Lifestyle Solutions, a manufacturer and distributor of medical rehabilitation products operating in India, will be carried out over the next four years, CardiacSense said in a statement.
The company said it is also in the process of receiving FDA and CEO regulatory approvals for marketing in the United States and Europe. – June 8, 2020, Reuters
