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Showcasing at AAO 2024: ZEISS VisioGen offers a cutting-edge, AI-driven solution designed to enhance refractive patient communication and streamline clinic operations. ZEISS Milestone: Celebrating more than 10 million eyes treated with lenticule extraction solutions utilizing ZEISS SMILE and ZEISS SMILE pro. ZEISS marked its 25th year of leadership in defining optical biometry, with ZEISS IOLMaster biometers becoming the most commonly used biometers in the ophthalmic world. ZEISS MICOR 700 puts the future of lens extraction in the hands of surgeons as the first hand-held lens removal device with ultrasound-free operation; the FDA-cleared device is available in the U.S. Expanding the ZEISS Retina Workflow, now to include advanced vitreoretinal surgical solutions from DORC. Next-generation ZEISS VISULAS combi and green therapeutic lasers receive FDA clearance. JENA, Germany and DUBLIN, Calif., Oct. 9, 2024 /PRNewswire/ -- ZEISS Medical Technology will showcase digital enhancements and revolutionary surgical solutions at the American Academy of Ophthalmology (AAO) conference from Oct. 19-21, 2024, in Chicago. These innovations across cataract, corneal refractive, retina, and glaucoma workflows, offer new, enhanced paths to patient management and treatment, using a digitally connected environment to help advance the clinical workflow to support a higher level of personalized care. ZEISS VisioGen "ZEISS continues to expand its digital leadership in ophthalmology, offering new, pioneering ophthalmic offerings and clinical tools that create an enhanced digital workflow experience for both patients and surgeons," said Euan S. Thomson, Ph.D., Head of the Digital Business Unit for ZEISS Medical Technology. "With the foundation of our Health Data Platform as part of the ZEISS Medical Ecosystem, our data-driven healthcare solutions unlock enormous value for surgeons, helping them deliver more efficient and personalized care throughout a patient's journey." ZEISS transforms the Refractive Workflow from patient engagement to enhanced efficiency Extending the ZEISS digital portfolio, the company will introduce ZEISS VisioGen, a cutting-edge AI-driven solution designed to enhance refractive patient communication and streamline clinic operations, expanding the value to ophthalmologists and clinics by helping them grow their business through improved patient engagement. ZEISS VisioGen leverages generative AI (GenAI) for effective and efficient patient acquisition-as-a-service. The software solution provides digital communication services to offer fast, high-quality responses to patients. ZEISS VisioGen enables clinics to respond more effectively to patient inquiries while converting more patients to consultations using the latest GenAI technology combined with substantiated and verified content from ZEISS to generate personalized draft responses to patient queries for clinical staff to finalize and use. "ZEISS VisioGen is an extremely useful tool for the busy refractive practice. It can save time and prevent grammatical errors in responding to questions from potential patients. The response time is quick and useful. Responses can also be effectively tailored to the specifics of your individual practice," said Dr. Luke Rebenitsch, MD, ClearSight, Oklahoma City (OK, USA). Demonstrating its continued momentum in the LVC market, ZEISS recently celebrated that more than 10 million eyes have been treated with lenticule extraction solutions utilizing ZEISS SMILE and ZEISS SMILE pro, marking a significant milestone for the company and proof of the growing international adoption of safe and effective lenticule extraction solutions. In 2011, ZEISS was the first medical device manufacturer to make lenticule extraction for laser vision correction commercially available, and ZEISS SMILE and ZEISS SMILE pro continue to be leading1 solutions trusted by surgeons for the technology's reliability and effective treatment history with the VisuMax® and VISUMAX® 800 from ZEISS. ZEISS will also showcase the recently FDA-approved VISUMAX® 800 with SMILE® pro software from ZEISS for surgically treating nearsightedness, with or without astigmatism. The updated ZEISS femtosecond laser provides U.S. refractive surgeons with faster treatment, greater flexibility, and significant workflow enhancements as compared to the previous generation VisuMax. The VISUMAX 800 creates the lenticule in less than 10 seconds by using a higher laser pulse repetition rate of 2 MHz.2 A shorter procedure time may reduce stress for both surgeons and their patients. The ZEISS femtosecond laser also provides greater flexibility for the surgeon and patient, with a smaller footprint and compatibility with a variety of patient beds, adapting to the clinical environment to provide cutting-edge technology without compromise. ZEISS continues to reshape cataract surgery with revolutionary innovation With a long heritage in optics, ZEISS has been shaping optical biometry for 25 years since the introduction of the first automated non-invasive optical biometer. Marking a significant milestone in cataract surgery, the ZEISS IOLMaster, was the first device to combine contactless keratometry, axial length measurement, and IOL calculation. This innovation opened the door for continuous advancements in biometry, setting a new standard for getting fewer refractive surprises. Today, the ZEISS IOLMaster is the most commonly used biometer in the ophthalmic world. Recently FDA cleared and now broadly available in the U.S., ZEISS will demonstrate the ZEISS MICOR 700, the first hand-held lens removal device with ultrasound-free operation, reinventing lens extraction by providing a sustainable solution with a low initial investment to help surgeons expand their intraocular working space. Designed to create a gentler patient experience, the ZEISS MICOR 700 offers a revolutionary approach to lens removal, including patented crystalline lens extraction technology, a blunt and rounded tip design, and a single-use "plug & play" system with a minimal operating room (O.R.) footprint. ZEISS will also showcase its expanded portfolio of high-end microscopes with the ZEISS ARTEVO® 850 3D heads-up ophthalmic microscope setting the pace in digital visualization with true color imaging, and increased depth of field by nearly 60 percent.3 Additionally, the ZEISS ARTEVO 850 with CALLISTO eye® features a redesigned intuitive user interface that centralizes all controls on a single touchscreen. The second latest addition to ZEISS's portfolio of optical surgical microscopes, the new ARTEVO® 750, elevates the surgical workflow by introducing advanced optical visualization technology, including new RGB LED illumination with adjustable light color temperature, as well as data overlays provided in the eyepiece with a 40 percent increase in resolution.4 The two devices are CE-marked and FDA cleared and commercially available in all major markets. ZEISS redefines the future of retinal care, optimizing disease detection, management and treatment ZEISS is redefining the future of retinal care, offering a holistic approach that empowers specialists to deliver excellent patient care throughout the entire patient journey. At AAO, ZEISS will showcase its comprehensive portfolio across the entire ZEISS Retina Workflow, now combining cutting-edge diagnostic solutions with advanced visualization and vitreoretinal surgical systems and next generation therapeutic lasers. The ZEISS Retina Workflow offers connected and integrated solutions that help eyecare professionals to deliver optimized patient care from early detection, through monitoring, to in-office or surgical treatments. ZEISS will showcase cutting-edge imaging technology and 3D visualization as part of the ZEISS Retina Workflow. The CIRRUS® 6000 from ZEISS introduces an expanded Reference Database, triple that of its previous database, with greater diversity and three different disc sizes for more individualized patient care. With an acquisition speed of 100,000 A scans per second, the device provides instantaneous dense data cubes and sub-10-second-wide-field OCT Angiography capability, together with automated 9 slab standard report presentation to complement the review process. Setting the pace in digital visualization, the ZEISS ARTEVO 850 includes customizable digital color settings depending on the surgical procedure's needs and intraoperative OCT allowing for real-time monitoring of the surgical process and decision-making. The newest addition to the ZEISS Retina Workflow, the DORC EVA NEXUS™ surgical system and instrumentation bring added value and synergy to the OR. The DORC vitreoretinal portfolio includes the EVA NEXUS™ phacovitrectomy system featuring the unique VTi pump, offering FLOW and VACUUM fluidics, EVA AVETA™ trocar cannula system with Push-Fit HI-FLOW™ infusion connection, TDC (two-dimensional cutting) vitrectomy with cut speeds of up to 20,000 CPM 5, EVA INICIO™ microinjection system, and an extensive range of posterior instruments including 27G ULTRA for no-compromise, small-gauge surgery, as well as a wide range of highly purified posterior surgical liquids and tamponades. In addition, the next generation therapeutic laser portfolio received 510k FDA clearance for two models, the VISULAS® combi, which combines YAG and 532 modalities, and the standalone VISULAS® green (532) laser. One of the key benefits of the ZEISS VISULAS portfolio is the digital connection to the FORUM® data management solution, allowing surgeons to seamlessly integrate laser therapy into the ZEISS Retina Workflow, ensuring a high level of efficiency throughout the entire process. ZEISS will showcase its latest offerings and new innovations at the American Academy of Ophthalmology (AAO) conference from Oct. 19-21, 2024, in Chicago at booth 4816. For more information, visit www.zeiss.com/med. 1 Market Scope Refractive Surgery Report 2023, Global Refractive Market (Manufacturer Level) incl RLE | Refractive Market by Estimated Total Revenue, p. 273. 2 Data on file, myopia with optical zone 6.5 mm. 3 Compared to ZEISS ARTEVO 800. 4 Compared to previous generation ZEISS LUMERA 700. Data on file. Compared to previous generation of ZEISS Integrated Data Injection Systems. Data on file. Compared to previous generation of ZEISS Integrated Data Injection Systems. 5 20,000 refers to the cuts per minute, the EVA NEXUS™ outputs 10,000 cycles per minute. Not all products, services or offers are approved or offered in every market and approved labeling and instructions may vary from one country to another. For country-specific product information, see the appropriate country website. Product specifications are subject to change in design and scope of delivery as a result of ongoing technical development. The statements of the healthcare professionals reflect only their personal opinions and experiences and do not necessarily reflect the opinion of any institution that they are affiliated with. The healthcare professionals alone are responsible for the content of their experience reported and any potential resulting infringements. Carl Zeiss Meditec AG and its affiliates to not have clinical evidence supporting the opinions and statements of the health care professionals nor accept any responsibility or liability of the healthcare professionals' content. The healthcare professionals have a contractual or other financial relationship with Carl Zeiss Meditec AG and its affiliates and have received financial support. Brief Profile Carl Zeiss Meditec AG (ISIN: DE0005313704) is one of the world's leading medical technology companies and is included in the German MDAX and TecDAX stock indices. The company supplies innovative technologies and application-oriented solutions designed to help doctors improve the quality of life of their patients. The company offers complete solutions for the diagnosis and treatment of eye diseases – including implants and consumables. In the field of microsurgery, the company provides innovative visualization solutions. With 4,224 employees worldwide, the company generated revenue totaling €1,902.8 million in fiscal year 2021/22 (ended September 30, 2022). The company is headquartered in Jena, Germany. It has subsidiaries in Germany and abroad; more than 50 percent of its employees are based in the United States, Japan, Spain and France. The Center for Application and Research (CARIn) in Bangalore, India, and the Carl Zeiss Innovations Center for Research and Development in Shanghai, China, enhance the company's profile in these rapidly developing economies. Around 41 percent of Carl Zeiss Meditec AG shares are in free float. The remaining approximately 59 percent are held by Carl Zeiss AG, one of the world's leading companies in the optical and optoelectronic industries. For further information visit: www.zeiss.com/med ZEISS MICOR 700 More than 10 million eyes treated with SMILE and SMILE pro. ZEISS VISULAS combi
Company Rings Opening Bell to Celebrate Closure of Business Combination and Begins Journey as a Public Company; Shares trade under "BDMD" Ticker FORT MILL, S.C., Oct. 9, 2024 /PRNewswire/ -- Baird Medical Investment Holdings Ltd. (NASDAQ: BDMD) ("Baird Medical" or the "Company"), a leading microwave ablation ("MWA") medical device developer and provider in China which has recently expanded into the U.S. market following its receipt of US FDA 510(k) clearances, today announced a successful listing in the U.S. on the Nasdaq exchange. With shares trading under the ticker symbol "BDMD" on October 2, 2024, this important milestone marks the successful closure of its business combination and signifies its journey as a public company. In honor of the occasion, Wenyuan Wu, Baird Medical's Co-Founder, rang the Opening Bell together with other executives, partners and friends of the company. "Becoming a public company in the United States is both a critical juncture for us and signifies our shift toward addressing unmet needs in the market," said Wenyuan Wu, Baird Medical's Co-Founder. "Our technology benefits patient and physician alike in enabling safer, more efficient and attractive procedures for thyroid care. We are delighted to fill this pressing need as we grow our business." Photography courtesy of Nasdaq, Inc. The Nasdaq listing comes as the Company expands its footprint in the U.S. market following recent FDA clearance for its minimally invasive microwave ablation technology, which offers a promising alternative to thyroidectomy for patients with benign thyroid tumors. Currently, 150,000 thyroidectomies are performed in the U.S. annually. About Baird Medical Established in 2012 and headquartered in Guangzhou, China, Baird Medical is a leading microwave ablation ("MWA") medical device manufacturer and provider in China and a recent entrant to the United States market. Baird Medical's proprietary medical devices are used for the treatment of benign and malignant tumors including thyroid nodules, liver cancer, lung cancer and breast lumps. Baird Medical is the first company to obtain a Class III medical devices registration certificate for MWA medical devices specifically indicated for thyroid nodules in China. For more information, please visit http://www.bairdmed.com/. ContactsInvestor RelationsRobin Yang, PartnerICR, LLCPhone: +1 (646) 308-1475Email: BairdMedical.IR@icrinc.com Public RelationsBrad Burgess, Senior Vice PresidentICR, LLCPhone: +1 (646) 588-0383Email: BairdMedical.PR@icrinc.com
Implantable Neuromodulation System Shows Early Promise in Improving Patient Quality of Life by Reducing Monthly Headache Days and Severity of Migraine Attacks MINNEAPOLIS, Oct. 9, 2024 /PRNewswire/ -- ShiraTronics, a clinical-stage medical device company developing neurostimulation therapies for chronic migraine patients, today announced the closing of a $66 million Series B financing. The round was led by new investor Norwest Venture Partners, with participation from additional new investors Seroba., OSF Ventures, the Global BioAccess Fund and an undisclosed strategic investor. Returning investors U.S. Venture Partners, Amzak Health, Treo Ventures and Aperture Venture Partners also participated in the round. ShiraTronics device This latest round of funding will support ShiraTronics' recently launched U.S. Food and Drug Administration (FDA)-approved pivotal trial, the RELIEV-CM2 Clinical Study, a multi-center, blinded, randomized, sham-controlled clinical trial. The trial is designed to evaluate the safety and effectiveness of the company's Migraine Therapy System in patients who have failed current medical therapies and have treatment-resistant chronic migraine. The financing also will support the company as it seeks premarket approval from the FDA and fund the initial commercial launch of its innovative therapy for chronic migraine patients. "Today, about 3 million patients in the U.S. suffer from chronic migraine attacks that are resistant to conventional therapies. Our recent pilot study, which evaluated the preliminary safety and efficacy of the ShiraTronics Migraine Therapy System, shows immense promise in improving patient quality of life and reducing the severity, duration and frequency of migraine headaches for these patients," said ShiraTronics CEO Rob Binney. "We are deeply grateful for the support of our distinguished new and existing investors, and are laser-focused on delivering this breakthrough therapy to those in need." Current Treatment Options Are Limited for Chronic Migraine Suffers Migraine is a neurological disease with no cure. About 2% of the world's population suffer from migraine, severe headaches accompanied by a complex set of debilitating symptoms including pulsating head pain, nausea, and sensitivity to light and sound. In the U.S., 5 to 6 million people have chronic migraine, a condition characterized by 15 or more headache days a month with at least eight of those days marked by typical migraine symptoms. Of these chronic migraine patients, approximately 3 million are treatment resistant. For these individuals, existing therapy options fail to deliver consistent and lasting relief, often leaving them to rely on a dark room and isolation as their best therapy. There is an urgent need for better treatment options. A recent study by the National Headache Foundation found that more than 50% of chronic migraine patients are dissatisfied with their current therapies due to lack of symptom improvement and about 75% have stopped, or avoid, systemic drugs due to side effects. Additionally, many approved medications show limited efficacy, reducing headache days by just two per month on average, compared to placebo controls. "ShiraTronics is offering new hope to the millions of people with chronic migraine who cannot get relief from existing therapies. The company's breakthrough therapeutic neuromodulation system is purpose-built to tackle this debilitating condition," said Dr. Zack Scott, general partner, Norwest Venture Partners. "ShiraTronics fits perfectly with our mission to partner with medical device companies that have a winning combination: a proven team that brings impressive clinical and commercial experience, and cutting-edge technology that has a real potential to lower costs, enhance outcomes and drastically improve quality of life for patients." ShiraTronics' Pioneering Neuromodulation System With its drug-free neuromodulation system, ShiraTronics is addressing the debilitating symptoms of chronic migraine with a potential new solution for patients who have exhausted all other treatment options. The ShiraTronics Migraine Therapy System is a minimally invasive device that is implanted just beneath the skin in the head where it delivers small electrical pulses to targeted nerves associated with migraine pain. The therapy aims to interrupt and calm pain signals in the head, potentially relieving and preventing chronic migraine symptoms. Patients can personalize and control their therapy using a dedicated application, allowing for continuous, 24-hour management of their disease. Shiratronics received Breakthrough Device designation from the Center of Devices and Radiological Health (CDRH) division of the FDA in 2021. In a recent pilot study, the ShiraTronics Migraine Therapy System demonstrated improvement in quality-of-life scores, substantial reductions in headache days per month and decreased severity of migraine attacks. "Since Lynn Elliott and I co-founded ShiraTronics, it has been exciting to see the product development and clinical progress made by the ShiraTronics team under Rob's leadership. I am looking forward to the next steps in the ShiraTronics journey to bring this novel therapy to serve millions of chronic migraine patients globally," said Co-founder and Chairman of the Board Mudit K. Jain, Ph.D. About ShiraTronics ShiraTronics is a pioneering medical device company dedicated to developing state-of-the-art neurostimulation solutions aimed at improving the quality of life for patients living with chronic migraine. The ShiraTronics Migraine Therapy System demonstrated encouraging reductions in headache days and decreased severity of migraine attacks, as well as improvement in quality-of-life scores in its first-in-human pilot study. The company is currently enrolling its pivotal trial for FDA premarket approval, the RELIEV-CM2 Clinical Study. Based in Minneapolis, ShiraTronics is the first spinoff company from medical accelerator NuXcel and is backed by investors including Norwest Venture Partners, U.S. Venture Partners, Amzak Health, Treo Ventures, Aperture Venture Partners, Seroba., OSF Ventures, the Global BioAccess Fund and others. For more information, visit shiratronics.com. Photo - https://mma.prnasia.com/media2/2302374/4957760/ShiraTronics_Implantable_Neuromodulation_Device.jpg?p=medium600Logo - https://mma.prnasia.com/media2/2287881/4957761/ShiraTronics_Logo.jpg?p=medium600
SINGAPORE, Oct. 9, 2024 /PRNewswire/ -- AWAK Technologies, a pioneer in innovative kidney care is excited to announce its rebranding to Vivance. The name, derived from 'viva' and 'advance', embodies vitality and progress - hallmarks of the company's commitment to revolutionizing kidney health. AWAK Technologies was founded with a groundbreaking idea: the development of a wearable dialysis device, Automated Wearable Artificial Kidney (AWAK). As the company continues its mission to transform kidney care, the portfolio has been expanded with products that aim to enhance patient outcomes and quality of life. To reflect this evolution and commitment to innovation, it has rebranded to Vivance - a name that captures its dynamic and forward-thinking approach in managing kidney health. Suresha Venkataraya, CEO of Vivance, said, "This rebrand reflects how far we've come, and where we're heading. Building on the foundation of our wearable dialysis device, we've made significant strides by expanding our portfolio to include cost-effective home modalities and complementary digital offerings. This rebrand reinforces our ultimate mission of treating patients in the comfort of their homes." Abel Ang, Chairman of Vivance, added, "We are excited to introduce Vivance to the world. Building on two breakthrough device designations from the FDA, our rebranding accelerates our mission to revolutionize healthcare. This exciting new chapter for the company will see us take patient-centric dialysis from a dream into reality." Looking Ahead As Vivance, the company will continue to refine its brand strategy, product positioning, and approach to market entry, ensuring a strong and strategic alignment with industry needs. The wearable dialysis device is progressing through clinical trials, while additional innovations, such as point-of-care PD fluid generation system, remote monitoring tools and AI prediction models, are in advanced stages of research and development. These products are poised to enter their clinical phases in the near future, reinforcing Vivance's mission to drive meaningful disruption in the kidney care sector. Media Contact: Priyanka AryaSenior Marketing Manager+65 6950 5011priyanka.arya@awak.com About Vivance Vivance, formerly AWAK Technologies, is a pioneering, patient-centric medical technology company with a mission to enhance the lives of people with kidney disease and their caregivers by providing solutions to deliver better outcomes and improve their quality of life. Headquartered in Singapore with offices in Los Angeles, United States and Bengaluru, India, the company is dedicated to the research, development and marketing of novel technologies in kidney care.
GUANGZHOU, China, Oct. 9, 2024 /PRNewswire/ -- Baird Medical Investment Holdings Ltd. (NASDAQ: BDMD) ("Baird Medical" or the "Company"), a leading microwave ablation ("MWA") medical device developer and provider in China which has recently expanded into the U.S. market following its receipt of US FDA 510(k) clearances, today announced that the Company will participate in the following investor conference. Baird Medical's management plans to host one-on-one and small group meetings with institutional investors at the conference. Roth's 3rd Annual Healthcare Opportunities ConferenceWednesday, October 9, 2024Metropolitan Club, 1 E 60th Street, New York, NY, 10022 Baird Medical's participation in the event comes as the Company expands its footprint in the U.S. market following recent FDA clearance for its minimally invasive microwave ablation technology, which offers a promising alternative to thyroidectomy for patients with benign thyroid tumors. Currently, 150,000 thyroidectomies are performed in the U.S. annually. About Baird Medical Established in 2012 and headquartered in Guangzhou, China, Baird Medical is a leading microwave ablation ("MWA") medical device manufacturer and provider in China and a recent entrant to the United States market. Baird Medical's proprietary medical devices are used for the treatment of benign and malignant tumors including thyroid nodules, liver cancer, lung nodules and breast lumps. Baird Medical is the first company to obtain a Class III medical devices registration certificate for MWA medical devices specifically indicated for thyroid nodules in China. For more information, please visit http://www.bairdmed.com/. ContactsInvestor RelationsRobin Yang, PartnerICR, LLCPhone: +1 (646) 308-1475Email: BairdMedical.IR@icrinc.com Public RelationsBrad Burgess, Senior Vice PresidentICR, LLCPhone: +1 (646) 588-0383Email: BairdMedical.PR@icrinc.com
Werfen, a worldwide leader in specialized diagnostics, becomes the first European company to finalize the partnership agreement to join Seegene's technology-sharing initiative The two companies will co-establish a NewCo in Spain to serve as a strategic hub in Europe, accelerating global expansion of the initiative Localization of Seegene's syndromic real-time PCR product development and manufacturing will bring diagnostic products specifically tailored to the needs of the local market SEOUL, South Korea, Oct. 8, 2024 /PRNewswire/ -- Seegene Inc., a leading South Korean company providing a total solution for PCR molecular diagnostics, announced today the finalization of a partnership agreement with Werfen, a worldwide leader in specialized diagnostics, on the technology-sharing initiative. Under the agreement, Seegene and Werfen will set up a NewCo in Spain, Werfen-Seegene, upon the conclusion of mandatory government approvals anticipated by the first half of 2025. This partnership builds on the momentum of the technology-sharing initiative, which includes the first NewCo partnership in March 2023 with Hylabs, a leading diagnostic company in Israel. The technology-sharing initiative aims to share Seegene's advanced diagnostic and data analysis technologies globally, including syndromic real-time PCR and an automated product development system (SGDDS), with a leading company partnered in each country. Seegene's syndromic real-time PCR technology represents a breakthrough in molecular target detection. It enables the simultaneous detection of up to 14 pathogens in a single reaction tube, with quantitative information for each target. Partnering companies will collaborate with local scientists and experts to develop diagnostic tests tailored to the needs of their communities and fields, spanning a wide range of human and non-human diseases. Amidst the challenges of climate change and the anticipated rise in outbreaks, the initiative's ultimate vision is to create 'a world free from diseases'—a future where people no longer suffer from infectious diseases and cancer and where animals and plants thrive without illness. Werfen-Seegene will prioritize developing products for infectious diseases, including antimicrobial and drug resistance testing, viral load testing, monitoring tests for organ transplant patients, sexually transmitted infections (STIs), and emerging diseases specific to the region. The NewCo will leverage Werfen's extensive local infrastructure and network to provide products tailored to meet local needs, thereby contributing to healthcare in Spain. As Europe's fourth-largest in vitro diagnostics (IVD) market, Spain is poised to serve as a strategic hub for this expansion. As a result, the NewCo is expected to lead efforts in securing in vitro diagnostic medical devices regulation (CE-IVDR) approval and expanding into both European and global markets. "Over the past decade, our collaboration with Seegene has showcased the significant impact of their syndromic PCR diagnostic tests on healthcare. We are excited to leverage Seegene's unparalleled technology and manufacturing expertise to develop products tailored for the Spanish and Portuguese market, where there is a high demand for rapid product development due to the frequent emergence of new infectious diseases and viral mutations. This partnership with Seegene will enable us to expand our footprint and respond swiftly to any outbreaks," said Carlos Pascual, CEO of Werfen. "We have high expectations for this NewCo, which will combine Werfen's extensive business experience with Seegene's leading syndromic product development and production capabilities. We will continue to share our technology with leading global companies and countries that are interested in our technology-sharing initiative. Werfen-Seegene will play a pivotal role in accelerating global expansion of our initiative" Dr. Jong-Yoon Chun, CEO and founder of Seegene. Seegene has also secured major strategic partnerships for this initiative with Microsoft and Springer Nature. The goal of partnership with Microsoft is to empower global companies participating in the technology-sharing initiative with a streamlined product development system augmented by advanced IT system operations and AI-powered data analysis. Springer Nature is fostering innovation in PCR diagnostic products through its Open Innovation Program (OIP), which was launched in 2023, followed by the 'Nature Awards MDx Impact Grants in 2024. It plans to further expand and advance this program to support NewCos to collaborate with local scientists and experts to develop innovative products in extensive fields. About Seegene Seegene has 24 years of dedicated experience in R&D, manufacturing, and business related to syndromic real-time PCR technologies. This expertise was particularly highlighted during the COVID-19 pandemic when Seegene provided over 340 million COVID-19 tests to more than 100 countries worldwide. The core feature of Seegene's syndromic real-time PCR technology is the ability to simultaneously test for 14 pathogens that cause similar symptoms in a single tube with quantitative information. Visit: Seegene.com and follow linkedin.com/company/seegene-inc About Werfen Founded in 1966, Werfen is a developer, manufacturer, and worldwide distributor of specialized diagnostic instruments, related reagents, automation work cells, and data management solutions for use primarily in hospitals and independent clinical laboratories. The company's business lines include Hemostasis, Acute Care Diagnostics, Transfusion, Autoimmunity and Transplant. Werfen operates directly in more than 30 countries and more than 100 territories through distributors. For more information, visit werfen.com
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