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Monitoring Cardiac Symptoms? HeartBeam Extends Pact With Samsung For LIVMOR Solutions

Benzinga ·  May 30, 2023 12:03
  • HeartBeam, Inc. (NASDAQ:BEAT) shares are trading higher after entering a strategic alliance agreement with Samsung Electronics Co Ltd (OTC:SSNGY) (OTC:SSNLF).
  • The deal extends the existing pact between HeartBeam's recently-acquired LIVMOR and Samsung. The financial terms were not disclosed.
  • Under the latest deal, HeartBeam and Samsung will assess and monitor cardiac symptoms, tapping the HeartBeam's patented technology.
  • "Our newly acquired state of the art, FDA cleared, Samsung watch-based arrhythmia detection tool, once integrated with the HeartBeam AIMIGo telehealth platform, presents a unique opportunity to extend our product capabilities well beyond what is currently available for cardiac patients outside of a medical setting," said Branislav Vajdic, Ph.D., HeartBeam CEO and Founder.
  • HeartBeam acquired the assets of LIVMOR earlier this year. Founded in 2016, LIVMOR developed the Halo Atrial Fibrillation (AF) Detection System, the world's first FDA-cleared prescription wearable for continuous cardiac rhythm monitoring.
  • The potential of combining LIVMOR's technology and the HeartBeam AIMIGo system holds significant promise to address primary cardiac conditions for veterans.
  • Price Action: BEAT shares are trading higher by 7.6% to $2.34 on the last check Tuesday.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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