Israeli mobile health outfit G Medical Innovations is launching on the ASX today, following a $12 million IPO raising that gives the firm a market capitalisation of $45m.
The company’s key product is its medical smartphone jacket, a consumer device that transforms any smartphone into a medical monitoring device. Other products include the G medical patch, a clinical-grade solution for real-time monitoring of a range of vital signs and biometrics for clinics.
“Australia was a natural port of call for us,” CEO Yacov Geva told The Australian. “The ASX was a readily available route to market with an appetite to fund growth capital for new technology and catapult the company to the next stage of its development.
Read the report by David Swan in The Australian.