BioSig Achieves First Commercial Sale of Three PURE EP Systems
December 11 2020 - 7:30AM
BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the
“Company”), a medical technology company commercializing an
innovative signal processing platform designed to improve signal
fidelity and uncover the full range of ECG and intra-cardiac
signals, today announced the purchase of three PURE EP™ Systems by
St. David’s HealthCare of Austin, Texas. St. David’s Medical
Center, an HCA Healthcare owned hospital, has been recognized with
a Malcolm Baldrige National quality award – the highest
presidential honor for performance excellence.
“Our first commercial sale to St. David’s HealthCare is an
important milestone as we proceed in expanding our installed base
nationwide,” said Kenneth L. Londoner, Chairman, and CEO of BioSig
Technologies, Inc. “This installation cements our valued
relationship with St. David’s and adds to the traction we are
gaining in the electrophysiology (EP) market.
BioSig installed the first PURE EP™ System at St. David’s
Medical Center in November 2019. Shortly thereafter, Texas Cardiac
Arrhythmia Institute (TCAI) at St. David’s Medical Center conducted
the first patient cases under the Company’s clinical study, “Novel
Cardiac Signal Processing System for Electrophysiology Procedures
(PURE EP 2.0 Study).”
To date, more than 410 patient procedures have been conducted
with the PURE EP™ System across six different hospital sites in the
United States, with over 200 procedures performed at TCAI.
About BioSig Technologies BioSig Technologies
is a medical technology company commercializing a proprietary
biomedical signal processing platform designed to improve
signal fidelity and uncover the full range of ECG and intra-cardiac
signals (www.biosig.com).
The Company’s first product, PURE EPä 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 Securities and Exchange Commission (SEC), including the
Company’s Annual Report on Form 10-K and its Quarterly Reports on
Form 10-Q. Investors and security holders are urged to read these
documents free of charge on the SEC’s website at
http://www.sec.gov. The Company assumes no obligation to publicly
update or revise its forward-looking statements as a result of new
information, future events or otherwise.
Andrew Ballou
BioSig Technologies, Inc.
Vice President, Investor Relations
54 Wilton Road, 2nd floor
Westport, CT 06880
aballou@biosigtech.com
203-409-5444, x133
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