Veris Health: Bringing Digital Health to Cancer
Care
October 26, 2021, from 1 p.m. to 3 p.m. EDT
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the “Company” or “PAVmed”), a
highly differentiated, multi-product, commercial-stage medical
technology company, today announced that on October 26, 2021, from
1 to 3 PM EDT, it will host a virtual investor event focused on its
digital health subsidiary Veris Health (“Veris”) entitled Veris
Heath: Bringing Digital Health to Cancer Care. Attendees may
register for the event here.
The event will provide a comprehensive overview of Veris’
disruptive technology, vision, business model and strategy.
Participants will learn how Veris seeks to utilize the first
intelligent implantable vascular access port with biologic sensors
to facilitate and optimize cancer care through remote patient
monitoring and data analytics—including machine learning and
artificial intelligence. Panelists will include:
Lishan
Aklog MD
PAVmed Chairman & Chief Executive
Officer
Veris Executive Chairman
James D.
Mitchell MD
PAVmed VP, Digital Health
Veris Chief Medical Officer
Sumit
Shah MD, MPH
Veris Medical Advisory Board Member
Director of Clinical Innovation &
Digital Health, Division of Oncology, Stanford Cancer Institute,
Stanford Health Care
Clinical Assistant Professor,
Medicine-Oncology, Member, Stanford University School of
Medicine
Timothy E. Baxter
PAVmed Board of Directors
Former President & CEO of Samsung
Electronics North America
The event will conclude with a moderated question and answer
session, which will provide attendees the opportunity to interact
with the panelists.
“Today’s aggressive outpatient cancer treatments, including
immunotherapy and chemotherapy, leave patients unmonitored and at
risk of serious, avoidable complications, leading to high rates of
hospitalization, poor patient quality of life, and increasing
health system costs,” said Dr. Mitchell. “The Veris technology is
designed to allow oncologists to detect early signs of common
cancer-related complications, provide longitudinal trends of
physiologic and clinical data, offer data-driven risk management
tools for precision oncology, and incorporate additional prospects
for substantial value-creation through data monetization and
biotherapeutic clinical trial support.”
Veris, a majority-owned subsidiary of PAVmed, acquired Oncodisc
Inc., a digital health company with groundbreaking tools to improve
personalized cancer care in May 2021. Veris is developing a remote
cancer care platform that integrates an intelligent implantable
vascular access port with physiologic sensing, software with
symptom reporting and telehealth functions, and advanced data
analytics. Veris’ groundbreaking vascular access port contains
biologic sensors capable of generating continuous data on key
physiologic parameters known to predict adverse outcomes in cancer
patients undergoing treatment. Wireless communication to the
patient’s smartphone and its cloud-based digital healthcare
platform seek to deliver actionable real time data to patients and
physicians efficiently and effectively. Veris is targeting FDA
510(k) clearance of the intelligent implantable vascular access
port and launch of the remote digital healthcare platform for
H2-2022.
Recently, Veris was accepted into Microsoft for Startups, a
global program from Microsoft dedicated to accelerating the
trajectory of startups. Veris also recently entered into a
definitive services agreement with leading full-service Silicon
Valley-based full-stack software development firm Loka Inc. to
build its remote digital healthcare platform.
About PAVmed and Veris
PAVmed Inc. is a highly differentiated, multi-product,
commercial-stage medical technology company with a diversified
product pipeline addressing unmet clinical needs encompassing a
broad spectrum of clinical areas with attractive regulatory
pathways and market opportunities. Its major subsidiary, Lucid
Diagnostics Inc., markets the first and only commercial tools for
widespread early detection of esophageal precancer and cancer – the
EsoGuard® Esophageal DNA Test and EsoCheck® Esophageal Cell
Collection Device. Its GI Health division also includes the
complementary EsoCure™ Esophageal Ablation Device with Caldus™
Technology. Another major subsidiary, Veris Health Inc., is a
digital health company developing the first intelligent implantable
vascular access port with biologic sensors and wireless
communication to improve personalized cancer care through remote
patient monitoring. Its Minimally Invasive Interventions division
markets its CarpX® Minimally Invasive Device for Carpal Tunnel
Syndrome. Other divisions include Infusion Therapy (PortIO™
Implantable Intraosseous Vascular Access Device and NextFlo™
Intravenous Infusion Set), and Emerging Innovations (non-invasive
laser-based glucose monitoring, pediatric ear tubes, and mechanical
circulatory support). For more information, please visit
www.pavmed.com, follow us on Twitter, connect with us on LinkedIn,
and watch our videos on YouTube. For more information on our
majority owned subsidiary, Lucid Diagnostics Inc., please visit
www.luciddx.com, follow Lucid on Twitter, and connect with Lucid on
LinkedIn. For detailed information on EsoGuard, please visit
www.EsoGuard.com and follow us on Twitter, Facebook and
Instagram.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, based upon the current beliefs and expectations of
PAVmed’s management, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking
statements. Risks and uncertainties that may cause such differences
include, among other things, the ability to complete the initial
public offering of Lucid; volatility in the price of PAVmed’s
common stock, Series W Warrants and Series Z Warrants; general
economic and market conditions; the uncertainties inherent in
research and development, including the cost and time required
advance PAVmed’s products to regulatory submission; whether
regulatory authorities will be satisfied with the design of and
results from PAVmed’s preclinical studies; whether and when
PAVmed’s products are cleared by regulatory authorities; market
acceptance of PAVmed’s products once cleared and commercialized;
our ability to raise additional funding and other competitive
developments. PAVmed has not yet received clearance from the FDA or
other regulatory body to market many of its products. The Company
has been monitoring the COVID-19 pandemic and its impact on our
business. The Company expects the significance of the COVID-19
pandemic, including the extent of its effect on the Company’s
financial and operational results, to be dictated by, among other
things, the success of efforts to contain it and the impact of
actions taken in response. New risks and uncertainties may arise
from time to time and are difficult to predict. All of these
factors are difficult or impossible to predict accurately and many
of them are beyond PAVmed’s control. For a further list and
description of these and other important risks and uncertainties
that may affect PAVmed’s future operations, see Part I, Item IA,
“Risk Factors,” in PAVmed’s most recent Annual Report on Form 10-K
filed with the Securities and Exchange Commission, as the same may
be updated in Part II, Item 1A, “Risk Factors” in any Quarterly
Report on Form 10-Q filed by PAVmed after its most recent Annual
Report. PAVmed disclaims any intention or obligation to publicly
update or revise any forward-looking statement to reflect any
change in its expectations or in events, conditions, or
circumstances on which those expectations may be based, or that may
affect the likelihood that actual results will differ from those
contained in the forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210930005677/en/
Investors Lisa DeScenza
LaVoieHealthScience (617) 351-0243
ldescenza@lavoiehealthscience.com
Media Katie Gallagher / Kristi
Bruno LaVoieHealthScience (617) 792-3937 / (617) 865-3940
PAVmed@lavoiehealthscience.com
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