BioSig Increases Case Volume Estimates
BioSig Technologies, Inc. (NASDAQ: BSGM) reported significant growth in the adoption of its PURE EP™ System for arrhythmia care, surpassing its target with over 1,560 patient cases recorded as of October 21, 2021. This marks an increase from 1,000 cases in June 2021. The company anticipates completing between 1,700 and 1,800 procedures by year-end, boosted by declining COVID-19 hospitalization rates. Clinical research published in the Journal of Cardiovascular Electrophysiology indicated a 75% improvement in intracardiac signal quality, showcasing the technology's clinical value.
- Exceeding procedural target of 1,500 cases with over 1,560 patient cases reported.
- Projected completion of 1,700-1,800 procedures by end of 2021.
- Clinical study showed 75% improvement in intracardiac signal quality.
- None.
The Company reports increased adoption and commercial activity of its signal processing technology for arrhythmia care
Westport, CT, Nov. 01, 2021 (GLOBE NEWSWIRE) -- 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 that it exceeded its procedural target of 1500 patient cases in 2021.
As of October 21, 2021, the PURE EP(tm) System had been used in over 1560 patient cases by 71 physicians, up from 1000 cases in June 2021, when the procedural guidance was raised amid increased technology usage in elective procedures. As the adoption of the technology increases and the COVID-19 hospitalization rates continue to decline, the Company intends to complete between 1700-1800 procedures by the end of 2021.
“We are seeing increased utilization of PURE EP(tm) in the 13 hospitals we are currently working in. Physicians recognize value both clinically and economically or they would not be increasing their usage. Hospitals are rapidly scaling their elective procedures and thus we are now seeing increased case volumes and commercial activity,” commented Kenneth L. Londoner, Chairman and CEO of BioSig Technologies, Inc.
Clinical data acquired by the PURE EP(tm) System in a multi-center study at Texas Cardiac Arrhythmia Institute at St. David’s Medical Center, Mayo Clinic Jacksonville and Massachusetts General Hospital was recently published in the Journal of Cardiovascular Electrophysiology and is available electronically with open access via the Wiley Online Library. Study results showed
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 EP(tm) System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording, and storing 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.
FAQ
What were the procedural targets for BioSig Technologies in 2021?
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