CORAL GABLES, FL / ACCESSWIRE / December 6, 2018 / Analyst firms like Global Market Insights are expecting a lot as far as the future of healthcare is concerned. The firm reports that the healthcare industry will be one of the key sectors pushing unified communications and collaboration market growth, which is forecast to increase at a 9% CAGR and reach $57 billion by the end of 2024. These unified communications integrate various healthcare services into a single platform, helping companies to minimize service as well as hardware costs and improve worker productivity. These services include email, voice, instant messaging, desktop sharing, presence, and audio and video conferencing.
Premier Health Group, Inc. (OTC:PHGRF) (CSE:PHGI)'s subsidiary, HealthVue is focused on developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics with telemedicine and artificial intelligence. The company currently has an ecosystem of over 100,000 active patients and has plans to rapidly increase that number both domestically and internationally. This is in line with the latest trend that's been growing within healthcare targeting new connected technology.
Premier Health Group, Inc. (OTC:PHGRF) (CSE:PHGI) announced this quarter that it will be planning on rolling out new initiatives. This includes entering the Pharmacy market via acquisition and/or launching a new Canada based pharmacy in H1-2019, as a part of its expansion plans.
Premier Health Group, Inc. (OTC:PHGRF) (CSE:PHGI) has also recently engaged discussions with Licensed Producers under the Access to Cannabis for Medical Purposes Regulation, other licensed medical cannabis companies and government officials in order to establish a framework for both patient and physician education. Furthermore, the Company is actively recruiting additional physicians for its existing clinics and a cannabis focused physician that is licensed in Canada.
This move could prove to be and exciting one for Premier. The Canadian medical cannabis clinic market is estimated to be worth approximately $2.35 billion by 2025. With this in mind, the company said that it expects to provide additional updates on acquisitions in Q4-18 and Q1-19.
Auris Medical Holding AG (EARS) is a clinical-stage company dedicated to developing therapeutics that address important unmet medical needs in neurotology and mental health supportive care. Today the company announced a strategic expansion for its intranasal betahistine development program. In two related transactions, the Company has acquired an Orphan Drug Designation for betahistine in the treatment of obesity associated with Prader-Willi syndrome (PWS) and signed a binding letter of intent to in-license exclusive rights to two US Patents relating to the use of betahistine for the treatment of depression and attention-deficit / hyperactivity disorder (ADHD), respectively.
"We are very excited to address additional neurological and metabolic disorders with our intranasal betahistine program," commented Thomas Meyer, Auris Medical's founder, Chairman and CEO.
The two transactions are expected to close before year-end and to have no impact on the Company's development plans or financial position in the near-term. As previously announced, the Company prepares for the initiation of two proof-of-concept studies with intranasal betahistine in the first quarter of 2019 - one Phase 2 trial with AM-125 in vertigo and one Phase 1b trial with AM-201 in antipsychotic-induced weight gain.
Shares of Auris were up as high as $0.72 during premarket trading on Thursday.
Shares of Daré Bioscience, Inc. (DARE) were off and running on Thursday, following the mid week pause in US markets on Wednesday. The company works with treatments designed for clinical-stage women's health innovation. Today Daré announced that it has entered into definitive agreements with Hammock Pharmaceuticals, Inc., TriLogic Pharma LLC and MilanaPharm LLC under which Daré acquired the global rights to MP-101 for the treatment of bacterial vaginosis (BV), as well as the rights to utilize the underlying proprietary hydrogel drug delivery technology for any vaginal or urological application in humans.
''We believe this Phase III program will allow us to move into a leadership position in an area of great concern for both women and healthcare providers,'' said Sabrina Martucci Johnson, President and CEO of Daré. ''Studies suggest that nearly 20 million women in the U.S. experience BV and many suffer from episodes of recurrence.''
Avinger, Inc. (AVGR) also saw its share price rally. The company is a commercial-stage medical device company that designs and develops the first-ever image-guided, catheter-based system that diagnoses and treats patients with peripheral artery disease. Today Avinger announced the commercial launch of its Pantheris image-guided atherectomy system in Australia. Avinger recently completed an exclusive distribution agreement with Diverse Devices Pty Ltd. for the sales and marketing of Avinger's proprietary Lumivascular products in Australia. In addition, the Company announced it has received notice from Australia's Therapeutic Goods Administration (TGA) that the Pantheris image-guided atherectomy system has been included on the Australian Register of Therapeutic Goods, which permits distribution in Australia.
Dr. Puttaswamy, the first operator to use image-guided atherectomy in Australia noted, ''Maximizing the channel for blood flow in revascularizing the vessel, while simultaneously minimizing vascular injury is the goal in treating patients with PAD. This new device provides another option for Australian clinicians when treating patients with this serious disease.''
Over the last few days, Avinger shares have moved from lows of $0.2947 to highs of $0.397
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