Reliq Health Technologies, Inc. Announces Go Live in Two Clinical Trials, New Contracts in TX and FL
May 19 2022 - 3:01AM
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or
WKN:A2AJTB) (“
Reliq” or the
“
Company”), a rapidly growing global healthcare
technology company that develops innovative Virtual Care solutions
for the multi-billion dollar Healthcare market, today announced
that its iUGO Care platform will go live in two clinical trials
this month involving over 1,000 patients. The Company also
announced that it has signed four new contracts with clients in
Texas and Florida that are expected to add over 2,000 patients to
Reliq’s iUGO Care platform in 2022.
“We are very pleased to be going live in our
first clinical trials this month,” said Dr. Lisa Crossley, CEO at
Reliq Health Technologies, Inc. “Our Clinical Research Organization
(CRO) client will be using Reliq’s iUGO Care platform to monitor
patients in two separate clinical trials focused on hypertension
and oncology, respectively. Using iUGO Care for clinical trials
allows CROs and trial sponsors to monitor trial-specific metrics
such as medication adherence, side effects, safety issues and
efficacy. These two trials are expected to add at least 1,000
patients to the iUGO Care platform this year and generate average
revenue of $40 per patient per month at a gross margin of 75%. The
Company has also signed four new contracts with two physician
practices and two home health agencies that are expected to onboard
over 2,000 new patients in Texas and Florida to Reliq’s iUGO Care
platform in 2022. Onboarding will begin next month and is expected
to be completed by the end of the calendar year. The contracts are
expected to generate an average revenue of over $60 per patient per
month at 75% gross margin.”
Reliq Health
Reliq Health Technologies is a rapidly growing
global healthcare technology company that specializes in developing
innovative Virtual Care solutions for the multi-billion dollar
Healthcare market. Reliq’s powerful iUGO Care platform supports
care coordination and community-based virtual healthcare. iUGO Care
allows complex patients to receive high quality care at home,
improving health outcomes, enhancing quality of life for patients
and families and reducing the cost of care delivery. iUGO Care
provides real-time access to remote patient monitoring data,
allowing for timely interventions by the care team to prevent
costly hospital readmissions and ER visits. Reliq Health
Technologies trades on the TSX Venture under the symbol RHT, on the
OTC as RQHTF and on the Frankfurt Stock Exchange under the WKN:
A2AJTB.
ON BEHALF OF THE BOARD“Dr. Lisa Crossley”CEO and Director
For further information please contact:
Company ContactInvestor Relations at
ir@reliqhealth.com
US Investor Relations ContactInvestor
RelationsLytham Partners, LLCBen ShamsianNew York |
Phoenix646-829-9701shamsian@lythampartners.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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Looking Information
Certain statements in this press release
constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not historical
facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance, are
"forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
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Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
required by law. These forward-looking statements involve risks and
uncertainties relating to, among other things, technology
development and marketing activities, the Company's historical
experience with technology development, uninsured risks. Actual
results may differ materially from those expressed or implied by
such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
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