PALM BEACH, Florida, October 19, 2017 /PRNewswire/ —
A current trend in the healthcare industry is expansion and growth of several healthcare domains and growing demand for innovative healthcare solutions for the aging population. Healthcare facilities seem to be focusing on a shift to become patient-centric service providers. There are several notable changes in the industry of late such as the entry of new telemedicine solutions, new clinical trials and studies, the development of new treatment therapies and techniques, improvements in infrastructure and the availability of skilled professionals. Active companies in the healthcare industry with market performance and recent developments include Medical Innovation Holdings, Inc. (OTC: MIHI), TransEnterix, Inc. (NYSE: TRXC) (AMEX:TRXC), Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI), Protalix BioTherapeutics, Inc. (NYSE: PLX) (AMEX: PLX), Acadia Healthcare Company, Inc. (NASDAQ: ACHC).
Medical Innovation Holdings, Inc. (OTC: MIHI) today announces its manufacturing agreement with MDI Source, a Georgia-based company serving the technology industry for over 30 years. Per the agreement, MDI will manufacture customized telemedicine equipment to fit the footprint of any doctor’s office that signs up to utilize MIHI’s telemedicine practice. This arrangement will allow MIHI to offer these offices a variety of telemedicine equipment that supports the shift toward a blend of in-office and virtual visits. Coupling MDI’s hardware with MIHI’s EMR/PMS software solution provides rural clinics a comprehensive solution unmatched in the marketplace. Additionally, MDI will provide various levels of technical support and services to MIHI clients, ensuring world-class service with world-class products. Read this and more news for MIHI at http://www.marketnewsupdates.com/news/mihi.html “When we entered this marketplace, the cost for telemedicine workstations were significantly high,” says MIHI CEO Jake Sanchez. “This agreement with MDI is a game changer for MIHI and the marketplace, as we can now offer feature rich and user friendly comprehensive EMP/PMS software solutions at half the price. Our business plan is to subsidize a significant portion of the cost, if not 100%, of the telemedicine stations for our rural primary clinics that sign up and register to utilize our network of specialists. We want to make it as easy as possible for the rural clinics to join up with us.”
In other Healthcare market activity of note from trading on yesterday:
TransEnterix, Inc. (NYSE: TRXC) (AMEX:TRXC), a medical device company that is pioneering the use of robotics to improve minimally invasive surgery, last week announced the Company has received FDA 510(k) clearance for the Senhance™ Surgical Robotic System. “The clearance of the Senhance System in the US is a milestone in the progress of robotics and is expected to deliver improvement in the efficacy, value and choices offered to patients, surgeons and hospitals,” said Todd M. Pope, President and Chief Executive Officer of TransEnterix. “Millions of surgical procedures in the US are performed each year laparoscopically with basic manual tools that limit surgeons’ capability, comfort and control. New choices are needed that enhance the senses, control and comfort of the surgeon, minimize the invasiveness of surgery for the patient, and maximize value for the hospital. Senhance is this new choice.”
Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) closed up over 36% on Wednesday at $19.67 with over 19.6 million shares traded by the market close and was also up slightly in afterhours trading. The company recently announced the oral presentation of interim data from a Phase 2 clinical study evaluating poziotinib in EGFR Exon 20 Mutant Non-Small-Cell Lung Cancer (NSCLC) by scientists from the MD Anderson Cancer Center which was presented in Yokohama, Japan, October 15-18, 2017. The Company will hold a conference call tomorrow, October 18th, at 8:30 a.m. EDT/5:30 a.m. PDT with Dr. John Heymach, M.D., Ph.D., Chairman, Professor, and David Bruton Junior Chair in Cancer Research, Department of Thoracic/Head and Neck Medical Oncology, The University of Texas MD Anderson Cancer Center, to discuss his study results. “These data are remarkable for NSCLC patients with exon 20 insertion mutations,” said John Heymach, M.D., Ph.D., The University of Texas MD Anderson Cancer Center.
Protalix BioTherapeutics, Inc . (NYSE: PLX) (AMEX: PLX), a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins expressed through its proprietary plant cell-based expression system, ProCellEx®, yesterday announced an Ex-US license and collaboration agreement with Chiesi Farmaceutici S.p.A., or Chiesi, for pegunigalsidase alfa, or PRX-102, the Company’s chemically modified version of the recombinant protein alpha-Galactosidase-A protein that is currently being evaluated in phase III clinical trials for the treatment of Fabry disease. PRX-102 has demonstrated a significantly enhanced circulatory half-life and higher enzyme activity in the target organs affected by Fabry disease when compared to currently available versions of the molecule, and strong positive safety and efficacy data from its completed phase I/II clinical trial.
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) yesterday announced that it will release its third quarter 2017 earnings on Tuesday, October 24, 2017, after the close of the market. Acadia will conduct a conference call with institutional investors and analysts at 9:00 a.m. ET on Wednesday, October 25, 2017. Additionally, a live broadcast of the earnings conference call will be available at http://www.acadiahealthcare.com in the “Investors” section of the website. The webcast of the conference call will be available through November 7, 2017.
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