Hydrix (ASX:HYD) Receives Singapore HSA Approval for Guardian Device – The Market Herald

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  • Hydrix (HYD) receives approval from the Health Services Authority of Singapore to market and distribute the Guardian device in the country
  • Singapore is the fourth country to approve the use of the Guardian, joining the US, New Zealand and Malaysia, with approvals pending for Australia and Thailand
  • Prior to this approval, the Guardian device was available under special access arrangements requested by individual surgeons.
  • The Guardian device uses machine learning algorithms and artificial intelligence to continuously monitor the patient’s heart signal
  • Hydrix shares are up 4.76% and trading at 11 cents at 11:51 a.m. AEST

Hydrix (HYD) has received approval from the Health Services Authority of Singapore (HSA) to market and distribute the Guardian device in the country.

The Guardian device uses machine learning algorithms and artificial intelligence to continuously monitor the patient’s heart signal and warn of any coronary syndromes such as silent heart attacks.

Singapore is the fourth country to approve the use of the Guardian, after the United States, New Zealand and Malaysia. Approvals are pending for Australia and Thailand.

Prior to this approval, the Guardian device was available under special access arrangements requested by individual surgeons.

Dr. Leslie Lam, cardiologist at the Farrer Cardiac Center in Singapore, has successfully performed eight implants since August 2020.

Hydrix chief sales and operations officer Vickie Edwards said the approval represents a “key milestone” for the company.

“This approval allows for an application for listing on the Table of Surgical Procedures (TOSP), a list of procedures for which MediSave/MediShield Life Insurance reimbursement may be claimed. Until inclusion in the TOSP, patients can undertake the operation at their own expense,” she said.

Hydrix shares rose 4.76% and were trading at 11 cents at 11:51 a.m. AEST.

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