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Israeli Tech Firm Signs $32.4 Mn Deal to Sell Medical Watches in India for Monitoring Temp, Blood Pressure

Image for representation: Reuters

Image for representation: Reuters

The company said the agreement is for 150,000 watches - which can monitor vital signs like temperature, blood pressure and blood oxygen saturation - to be used in hospitals, home hospitalizations and patient monitoring.

Israel's CardiacSense said on Sunday it signed a $32.4 million deal to sell medical watches in India, bringing its total backlog of orders to over $60 million.

The company said the agreement is for 150,000 watches - which can monitor vital signs like temperature, blood pressure and blood oxygen saturation - to be used in hospitals, home hospitalizations and patient monitoring.

The deal with Explore Lifestyle Solutions, a manufacturer and distributor of medical rehabilitation products operating in India, will be carried out over the next four years, CardiacSense said in a statement.

The company said it is also in the process of receiving FDA and CEO regulatory approvals for marketing in the United States and Europe.

first published:June 07, 2020, 18:49 IST