TEL
AVIV, Israel and WARSAW, June 22,
2022 /PRNewswire/ -- BICI Solutions, an Israeli
strategic consulting with wide international connections, entered
as a new investor in Airway Medix S.A. (WSE: AWM) and gradually
will take over the day-to-day management of Airway Medix and its
Subsidiary Biovo Technologies.
The BICI Solutions team will implement a new strategy which
includes completion of Hyperform™ platform technology and expansion
of Biovo's existing sales channel network, building Biovo's
position as global leader in the Intensive Care and Anesthesia
market sector.
Airway Medix's Cuffix™ and Oral Care™ are already distributed in
four continents and a clinical trial is set to begin in the US as
the cornerstone for the future introduction of Cuffix to the
American market.
The COVID 19 pandemic has vastly increased worldwide demand for
paradigm changing ICUs products and the entrance of BICI will
enable Biovo Technologies and Airway Medix to meet the growing
demand.
BICI Solutions aims to maximize Airway Medix's shareholders
value through product sales expansion, completion of pipeline
development and opportunistically collaborate with complementary
products/companies.
"I am convinced of the potential of its unique and
proprietary portfolio. I believe the current price of AWM shares on
the Warsaw Stock Exchange may be significantly undervalued. The
intense relations of our team with investors so far show that their
comprehensive education, engagement of smart capital and increase
of the company's exposure to the Israeli and the US financial
markets can lead to improved target valuation - with a premium for
shareholders," says Shai Braitner, Founder and CEO of
BICI.
About BICI:
BICI Solutions is an Israeli consulting company
specializing in supporting international clients, investing, among
others, in Israel. The company's
team consists of business, financial and industry advisors,
negotiation experts, BI experts and with over 15 years of
experience in business and the public sector. BICI Solutions is
also supported by external consultants with experience in the
healthcare industry, the medical devices sector, and financial
markets. www.bici-solutions.com.
BICI clients represent the private as well as public sector. The
consultancy has been involved in recent years in several
large-scale projects focused on the restructuring, recovery,
funding, and management of Israeli and international
enterprises.
Airway Medix S.A. (WSE: AWM) focuses on research and
development work and commercialization of innovative, disposable
devices for the mechanically ventilated patients in the Intensive
Care Units (ICU), and for the patients in life-threatening
conditions in the anesthesiology departments.
Products presented by Airway Medix address the immediate
clinical needs and make up for the shortcomings in the area of
currently applied medical devices. They provide the patients, their
careers and healthcare financing institutions with considerable
clinical and economic benefits. The Company conducts research and
development work in a R&D laboratory certified according to
(ISO 13485:2003 & EN ISO 13485:2012) located in
Israel, www.biovo-tech.com.
For further details, please contact:
Mr. Ronen Grossman
Biovo Investor Relations
+972 72 2151 115
ir@biovo.com
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SOURCE Airway Medix S.A.; BICI Solutions