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Markets: Hyperfine works on Asia through Indian partnership

Fiinews by Fiinews
May 30, 2024
in Markets
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Kalra brings MR brain imaging technology within reach of underserved populations

Guilford’s Hyperfine, Inc. (Nasdaq: HYPR) has entered into a distribution agreement with Radiosurgery Global Ltd to develop the Indian market for its brain imaging with the first FDA-cleared portable magnetic resonance (MR) brain imaging system—the Swoop® system http://who.int .

The distribution agreement, announced 28 May, also includes the countries of Malaysia, Indonesia and Singapore through future expansion, offering Hyperfine http://hyperfine.io , a significantly increased presence in Asia.

“Expanding commercially to Asia with a focus on India https://attentionindia.com/ is an important element of our international strategy,” said Maria Sainz, President and CEO of Hyperfine.

“We have begun preparing for the regulatory approval process through the CDSCO and are excited to partner with an experienced and capable group like Radiosurgery Global to drive commercial impact in 2025 and beyond.

“We believe that by expanding into global markets, we are not only revolutionizing healthcare delivery but also significantly impacting patient http://health.google outcomes. We are committed to leveraging our expertise and partnerships to drive positive change in global brain health,” he stressed.

“This partnership marks a significant crossroads for the entire region as we bring state-of-the-art portable MR brain imaging technology https://www.meity.gov.in/ within reach of vast, underserved populations,” said Kapil Kalra, Managing Director of Radiosurgery Global.

“The innovative Swoop® system aligns perfectly with our mission to democratize healthcare http://gehealthcare.com access in over 69,000 public and private hospitals across India, providing clinicians with unprecedented diagnostic imaging capabilities even in the most remote areas. We are excited about its enormous potential to enhance patient care nationwide,” said Timon Dressler, Managing Director of Radiosurgery Global.

The clinical value of the Swoop® system is applicable globally as Hyperfine, Inc. aims to expand overall access and availability of MRI.

Hyperfine plans to continue its commercial expansion in partnership with Radiosurgery Global http://main.mohfw.gov.in supporting future marketing submissions in India.

In India, where there are fewer than 5,000 MRI scanners for a population exceeding 1.4 billion (approximately 3.5 MRI scanners per million inhabitants as compared to 38 per million in the U.S.), there is a growing need for specialized healthcare facilities and advanced diagnostic tools due to the increasing prevalence of chronic diseases like stroke and brain tumors http://siemens-healthineers.com .

The current healthcare infrastructure, particularly in critical care and emergency settings, is under-equipped, with only 15% of existing trauma centers having MRI capabilities.

This gap highlights a substantial opportunity for introducing portable MR brain imaging systems that can meaningfully improve adult and pediatric care in urban and remote sites of care. Fiinews.com

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