The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

HeraMED limited expand its HeraBEAT product after launching a UK website. The med-tech company’s product allows mothers and doctors to monitor infant heart rates during pregnancy.

HeraBEAT was previously unavailable to UK consumers but available in Israel. HeraMED assesses 770,000 UK births annually, making this expansion their largest market entry yet.

The expansion was made after positive feedback from UK doctors and Israeli consumers. The product also features an integrated mobile app.

Professional discussion included feedback from senior obstetricians and gynecologists in public hospitals and private medical institutions.

HeraMED CEO David Groberman says the company is well ahead of commercial scale.

“[The company] is progressing discussions with a number of parties globally to progress its international expansion, [we look] forward to updating shareholders on these developments in the coming months,” he said.

The company plans to use UK revenue for further expansion across Europe.

The company is currently in discussion with more medical institutions to strengthen professional use.

HeraMED plans for global expansion in the coming months.

Please see the announcement

HMD by the numbers
More From The Market Online

This stock provides Oz’s only HIV self-test kit – and it’s bullish on the budget

Atomo Diagnostics is the only company in Australia that provides TGA-approved HIV self-test kits. It says…

Recce Pharma heading closer to full efficacy data for flagship R327

Recce Pharma has announced the latest cohort of patients in the company's Phase I/II UTI trial…
The Market Online Video

Breaking barriers in cancer treatment: Race Oncology pioneers a new era with bisantrene

Race Oncology (ASX:RAC) has announced positive results in killing cancer cells in combination with the drug…

Optiscan agreement with Mayo Clinic aims to expedite robotic surgery

Optiscan Imaging is parterning with Mayo Clinic to develop a digital confocal laser endomicroscopic imaging system