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NEMAURA MEDICAL INC - NMRD STOCK NEWS

Welcome to our dedicated page for NEMAURA MEDICAL news (Ticker: NMRD), a resource for investors and traders seeking the latest updates and insights on NEMAURA MEDICAL stock.

Nemaura Medical Inc. (NMRD) is a pioneering medical technology company specializing in the discovery, development, and commercialization of diagnostic medical devices. Founded in 2009 and based in New York, New York, Nemaura Medical is committed to enhancing the healthcare industry with innovative solutions.

The company's flagship product is SugarBEAT, a non-invasive continuous glucose monitoring device designed for individuals with Type I and Type II diabetes, as well as those at risk of developing diabetes. SugarBEAT offers real-time glucose readings, helping users manage their health more effectively without the need for painful finger-pricking.

In addition to SugarBEAT, Nemaura Medical has entered a strategic license agreement with Healthimation, LLC. This agreement allows the company to offer an intensive medical diabetes and weight management program tailored for Type 2 diabetes, prediabetes, and general wellness. The program includes the innovative Why Wait app, which integrates licensed trademarks and provides users with a comprehensive health management tool.

The company prides itself on its strong partnerships and continuous advancements in medical technology. Recent projects and developments at Nemaura Medical reflect its dedication to improving patient outcomes and expanding its product portfolio.

For investors seeking timely updates and insights into Nemaura Medical's activities, the company regularly publishes news and financial summaries. Stay informed about the latest corporate highlights and innovations from Nemaura Medical by visiting their official website or contacting their investor relations team.

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Nemaura Medical (NASDAQ: NMRD) announces that its CEO, Faz Chowdhury, Ph.D., will present at the Benzinga Healthcare Small Cap Conference on September 29 at 11:10 AM ET. The event will be held virtually from September 29-30, 2021, with Dr. Chowdhury available for one-on-one meetings during the conference. Nemaura focuses on non-invasive wearable diagnostic technology and is currently commercializing products like sugarBEAT® and proBEAT™, which aim to improve diabetes management.

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Nemaura Medical (NASDAQ: NMRD) announced the appointment of Dr. Osama Hamdy as a consultant on their advisory board. Dr. Hamdy, a senior endocrinologist and medical director at the Joslin Diabetes Center, will advise on key opinion leader studies focused on diabetes and metabolic health using Nemaura's glucose monitoring technology. The collaboration aims to enhance patient health through non-invasive treatments, leveraging Dr. Hamdy's expertise in obesity management and digital health. Nemaura's products, including sugarBEAT®, are positioned in a growing global diabetes market projected to reach $59 billion by 2025.

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Nemaura Medical (NASDAQ: NMRD), a medical technology firm, announced that CEO Faz Chowdhury, Ph.D., will present at the H.C. Wainwright 23rd Annual Global Investment Conference, scheduled virtually from September 13 – 15, 2021. The corporate presentation will be available starting September 13 at 7:00 AM ET. Investors can register for the conference on the official website. Nemaura specializes in non-invasive diagnostic devices, including sugarBEAT®, a CE-approved continuous glucose monitor, and proBEAT™, an AI-driven health service.

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Nemaura Medical (Nasdaq: NMRD) announced a business update and financial results for Q1 FY2022, ending June 30, 2021. The company launched the BEAT®diabetes service, targeting over 113 million people with diabetes and pre-diabetes in the U.S. It received positive feedback from the UK soft launch of sugarBEAT®, generating a purchase order for 200,000 sensors. Financially, operating expenses were approximately $1.6 million, with cash reserves of $31.3 million as of June 30, 2021. The company anticipates revenue recognition from its licensee starting in Q3 2021.

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Nemaura Medical (Nasdaq: NMRD) announced a corporate overview presentation by CEO Faz Chowdhury, Ph.D. at the Access to Giving Virtual Investor Conference, scheduled for July 13, 2021, at 1:00pm ET.

The company is focused on non-invasive wearable diagnostic devices, such as sugarBEAT®, a glucose monitor approved in the EU. Nemaura is also targeting the substantial global diabetes market projected to reach $59 billion by 2025. For more details, investors can register for the conference.

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Nemaura Medical (NASDAQ: NMRD) presented its licensed Why WAIT program at the American Diabetes Association’s 81st Annual Scientific Sessions. The program, developed by the Joslin Diabetes Center, is aimed at managing weight and diabetes. A study showed that both virtual and in-person programs led to comparable outcomes, including ~7% weight loss and ~1% reduction in A1C. The company integrates this program into its BEAT diabetes initiative, utilizing a partnership with Healthimation.

CEO Dr. Faz Chowdhury emphasized the importance of this validation for scalable growth in diabetes management.

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Nemaura Medical Inc. (NASDAQ: NMRD), a medical technology company, reported a business update and financial results for the fiscal year ending March 31, 2021. Key highlights include positive user feedback from the UK soft launch of sugarBEAT®, with a purchase order for 200,000 sensors and a forecast of 2 million sensors over two years. The company secured $25 million in non-dilutive funding and launched BEATdiabetes.life in the U.S. R&D expenses decreased to $1.55 million, while the net loss rose to $6.26 million, driven by interest charges on debt funding.

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Nemaura Medical (NASDAQ: NMRD) will present a corporate overview at the LD Micro Virtual Invitational Conference from June 8-10, 2021. CEO Faz Chowdhury, Ph.D., is scheduled to present on June 9 at 1:00 PM ET, Track 3. Investors can register to watch the presentation here. Nemaura specializes in non-invasive wearable devices for diabetes management, including the CE mark approved sugarBEAT® and the AI-enhanced proBEAT™.

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Nemaura Medical (NASDAQ: NMRD) announced its participation in the Summer Solstice Best Ideas Conference, running from June 1-4, 2021. CEO Faz Chowdhury, Ph.D. will present on June 2 at 4:00 PM ET, with the presentation available for live webcast and replay. Nemaura Medical focuses on non-invasive wearable diagnostic devices, including sugarBEAT®, a continuous glucose monitor, and proBEAT™, an AI-driven health product.

The company aims to capture significant markets in Type 2 diabetes and pre-diabetes, projected to reach nearly $59 billion and $50 billion respectively by 2025.

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Nemaura Medical (NASDAQ: NMRD) announced progress with the German regulatory authority (GBA) for reimbursement of its sugarBEAT® device. GBA determined that sugarBEAT does not require review and will directly go to the National Association of Statutory Health Insurance Funds for catalog listing, expediting the process. CEO Dr. Faz Chowdhury emphasized the significance of this milestone and mentioned ongoing negotiations for marketing partnerships in Germany. Nemaura is also commercializing proBEAT™, a non-invasive glucose monitoring product, targeting a growing diabetes market.

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FAQ

What is the current stock price of NEMAURA MEDICAL (NMRD)?

The current stock price of NEMAURA MEDICAL (NMRD) is $0.04968 as of July 3, 2024.

What is the market cap of NEMAURA MEDICAL (NMRD)?

The market cap of NEMAURA MEDICAL (NMRD) is approximately 1.3M.

What is Nemaura Medical Inc.?

Nemaura Medical Inc. is a medical technology company that develops and commercializes diagnostic medical devices, including the non-invasive continuous glucose monitoring device SugarBEAT.

What products does Nemaura Medical Inc. offer?

Nemaura Medical offers SugarBEAT, a non-invasive glucose monitoring device, and the Why Wait app, part of their diabetes and weight management program.

Where is Nemaura Medical Inc. based?

Nemaura Medical Inc. is based in New York, New York.

When was Nemaura Medical Inc. founded?

Nemaura Medical Inc. was founded in 2009.

What is SugarBEAT?

SugarBEAT is a non-invasive continuous glucose monitoring device developed by Nemaura Medical for managing diabetes.

How does SugarBEAT help diabetic patients?

SugarBEAT provides real-time glucose readings without the need for finger-pricking, helping diabetic patients manage their condition more effectively.

What is the Why Wait app?

The Why Wait app is part of Nemaura Medical's diabetes and weight management program, offering tools and resources for Type 2 diabetes, prediabetes, and general wellness.

Who are Nemaura Medical's partners?

Nemaura Medical has a license agreement with Healthimation, LLC, among other strategic partners.

Where can I find more information about Nemaura Medical Inc.?

More information can be found on Nemaura Medical's official website or by contacting their investor relations team.

How can investors stay updated on Nemaura Medical Inc.'s activities?

Investors can stay updated by visiting Nemaura Medical's website and reviewing their latest news and financial summaries.

NEMAURA MEDICAL INC

Nasdaq:NMRD

NMRD Rankings

NMRD Stock Data

1.30M
17.26M
48.62%
0.08%
0.18%
Medical Devices
Healthcare
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United States of America
New York