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Medivolve Inc. (OTC:COPRF) has completed the acquisition of a 100% interest in an Electronic Health Record application from Myosin. The acquisition aims to enhance Medivolve's transformation into a health technology and services company. The cloud-based platform is expected to improve patient care by streamlining clinical workflows and user interfaces. Medivolve will issue 20 million common shares as consideration for the acquisition. This strategic move allows for potential revenue growth and the expansion of services beyond COVID-19 testing.
Medivolve Inc. has announced a binding agreement to acquire Marbella Pharmacy, which will enhance its pharmaceutical distribution capabilities in California. This strategic move aligns with Medivolve's growth strategy, providing immediate access to COVID-19 vaccination allocations. The total consideration for the acquisition includes a cash payment of US$200,000, US$75,000 in working capital, and 2,000,000 shares of Medivolve Common Shares. The acquisition aims to improve healthcare accessibility and streamline services in one of the world's largest economies.
Medivolve Inc. (OTC:COPRF) announced a webinar scheduled for May 11, 2021, at 11 am ET featuring its new CEO, David Preiner. The session aims to outline the company's shift from a COVID-19 testing firm to a health technology and services organization. Attendees will have the chance to ask questions during the webinar. Medivolve focuses on innovative healthcare technologies and medical services, backed by a team of renowned advisors, including notable specialists in neurology and sports medicine.
Medivolve Inc. (OTC:COPRF) announced the acquisition of a 100% interest in an Electronic Health Record application from Myosin for 20 million common shares. This platform aims to enhance patient care and streamline clinical processes through a cloud-based system, allowing for improved collaboration among healthcare providers. CEO David Preiner highlighted the transition from being primarily a COVID-19 testing company to a broader health technology firm. The acquisition is subject to customary closing conditions and does not involve finder fees or a change of control.
Medivolve Inc. (OTC:COPRF) announced significant progress with its equity position in Marvel Diagnostics and the BlowFISH technology, designed for non-invasive COVID-19 testing. The technology has successfully passed its first clinical milestone and is approaching an Emergency Use Authorization (EUA) application to the FDA. During trials, BlowFISH detected the virus in three samples, showcasing its potential for rapid testing in just 10 minutes. This innovation aims to enhance accessibility, particularly for vulnerable populations, and supports Medivolve's mission in health management innovation.
Medivolve Inc. (OTC:COPRF) has appointed David Preiner as the new CEO, succeeding Doug Sommerville, who will assist during the transition. Preiner, with a background in biotechnology and successful entrepreneurship, aims to drive innovation in healthcare solutions addressing COVID-19 challenges. His dual role as CEO of Xenomics is strategically designed to optimize resources and capitalize on market opportunities. The company granted Preiner 1,000,000 stock options at $0.155 per share, effective immediately, demonstrating its commitment to his leadership.
Medivolve Inc. (OTC:COPRF) announced the launch of its FDA EUA approved at-home PCR COVID-19 testing kits via its subsidiary, Collection Sites, LLC. Available for $19.99, these kits aim to enhance testing accessibility across the U.S. by offering reliable results within 24 hours. The kits are designed with user-friendly instructions and minimal discomfort swabs. CEO Doug Sommerville emphasized that ongoing testing is crucial for mitigating the COVID-19 pandemic, especially in rural areas. The initiative supports the company's mission to provide affordable health solutions.
Medivolve Inc. (NEO:MEDV; OTC:COPRF) announced a sales update revealing the sale of 20,574 tests in March at an average price of $99 each. About 59% of sales were through insurance, demonstrating a stable demand for COVID-19 tests, particularly antigen tests. CEO Doug Sommerville highlighted consistent sales after a drop from January to February. An investor webinar is scheduled for April 15 to discuss business developments and new testing services. The subsidiary, Collection Sites, LLC, continues to expand its network for increased accessibility to testing.
Aditx Therapeutics (Nasdaq: ADTX) announced a partnership with Collection Sites, LLC, a subsidiary of Medivolve (OTC:COPRF), to offer AditxtScore™ for COVID-19 immunity monitoring through mobile testing centers. This service will engage existing personnel without requiring additional investment. All specimens will be processed at Aditxt's CLIA-certified center. The partnership aims to enhance testing accessibility as vaccination efforts progress in the U.S., with expectations that this service will generate significant revenue moving forward.
Medivolve Inc. (OTC:COPRF) announced its subsidiary, Collection Sites, LLC, will offer AditxtScore™ for COVID-19 through mobile testing centers. This partnership with Aditxt Therapeutics aims to provide immune monitoring services, requiring no additional investment for staff implementation. Medivolve is focusing on telehealth strategies, terminating agreements with Sunnybrook and Sinai Health System, and amending its agreement with Amino Therapeutics. These moves are expected to enhance capital efficiency and prioritize growth in telehealth and diagnostics.
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