Tag Archives: HEA

Aon urges the re/insurance industry to bring capital closer to clients’ needs as the firm launches its Virtual Reinsurance Renewal Season


Virtual event launches with former Danish Prime Minister Helle Thorning-Schmidt interview

LONDON, Aug. 18, 2020 — Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its Virtual Reinsurance Renewal Season, calling for the re/insurance industry to collaborate to bring capital closer to clients’ needs and drive growth across the global insurance ecosystem.

Andy Marcell, CEO of Aon’s Reinsurance Solutions business, said: "In an uncertain global economy, one thing is clear – reinsurance has never been more important as a strategic tool for client success. We are committed to collaborating with insurers and markets towards the 1st January renewals to help clients protect people and assets, strengthen their balance sheets and make better business decisions that reduce volatility."

While many of Aon’s insurer clients will continue to interact with broking, analytics and claims teams through virtual meetings, Aon’s Virtual Reinsurance Renewal Season platform aims to capture the conference experience with:

  • latest insights on market dynamics and the impact of the novel coronavirus (COVID-19) pandemic
  • innovation labs
  • newsroom
  • fireside chats with C-Suite leaders

Andy Marcell added: "The goal of the fireside chats is to drive growth across the re/insurance industry in order to bring capital closer to clients’ needs and enable them to flourish in a stronger economy." Hosted by Aon CEO Greg Case, Aon President Eric Andersen, Global Chairman of Aon’s Reinsurance Solutions business Dominic Christian, and Andy Marcell, the series will discuss the challenges and opportunities facing major re/insurers and insurance buyers, sharing both perspectives.  

The guests for the fireside chats include:

  • Helle Thorning-Schmidt, former Danish Prime Minister and Andy Marcell, Aon – 2nd September
  • Moses Ojeisekhoba, Swiss Re and Andy Marcell, Aon – 17th September
  • John Keogh, Chubb and Eric Andersen, Aon – 30th September
  • John Neal, Lloyd’s and Dominic Christian, Aon – 7th October
  • Franz Hahn, Peak Re and Dominic Christian, Aon – 13th October
  • Steve Wilder, Disney and Andy Marcell, Aon – 21st October
  • Thomas Buberl, AXA and Greg Case, Aon – 28th October
  • Richie Whitt, Markel and Andy Marcell, Aon – 4th November

About Aon
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Follow Aon on Twitter and LinkedIn 
Stay up to date by visiting the Aon Newsroom and hear from Aon’s expert advisors in The One Brief.
Sign up for News Alerts here     

Media Contacts
Alexandra Lewis
+44 (0) 207 086 0541
alexandra.lewis@aon.com  

Andrew Wragg
+44 (0)207 522 8183
andrew.wragg@aon.com 

David Bogg
+44 (0) 207 522 4016 
david.bogg@aon.com

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Sai Life Sciences opens new, state-of-the-art Research & Technology Centre in Hyderabad

– Completes first phase in committed investment of US$ 150M (> INR 1000 Cr)

– Sri KT Rama Rao, Hon’ble Minister for Industry & Commerce and IT, Government of Telangana inaugurates the facility

HYDERABAD, India, Aug. 17, 2020 — Sai Life Sciences, one of India’s fastest growing Contract Development & Manufacturing Organizations (CDMOs), today announced the inauguration of its new Research and Technology (R&T) Centre in Hyderabad, India. Sri K T Rama Rao, Hon’ble Minister for Industry & Commerce and IT, Government of Telangana formally inaugurated the facility in the presence of other dignitaries.

Sai Life Sciences New Research & Technology Centre
Sai Life Sciences New Research & Technology Centre

Speaking on the occasion, Sri KT Rama Rao said, "I’m very happy that the esteemed leadership of Sai Life sciences has considered Telangana for setting up their new R&D centre. Life Sciences is one of the key focus sectors for the Government of Telangana. Hyderabad serves more than 1000 global innovators in their vision to develop innovative and affordable medicines for the world. I sincerely congratulate the entire team of Sai Life Sciences, not only for the new Research & Technology Centre but, also for their work towards the development and manufacturing of new life saving medicines."

Built with an aspiration to achieve the best global benchmarks in lab infrastructure, the new R&T facility has several unique aspects such as intelligent & ergonomic lab design to enhance safety and productivity, advanced automation for seamless data capture during process development, lean & 5S approach to enhance productivity and collaborative workspaces for engendering innovation.

Making the announcement, Krishna Kanumuri, CEO & Managing Director of Sai Life Sciences said, "Our philosophy behind building this new facility was to go beyond what the norm is in India and to create what our global innovator partners expect in their inhouse capabilities." He further added, "We are an example of what is possible in Hyderabad’s rich life sciences ecosystem. Today, as we build world class R&D capabilities and invest in nurturing talent with deep domain expertise, I can unhesitatingly say, Hyderabad is truly a city where pharma dreams are made."

The new 83,000 sq.ft. (7700 sq.m.) facility houses state-of-the-art research capabilities and advanced technology platforms, augmenting the company’s capabilities in providing superior scientific solutions to its pharma and biotech innovator customers globally. It has 24 chemistry labs with 250 fume hoods, analytical labs, fully equipped technology suite and a dedicated process safety lab.

Sai Life Sciences began a process of organizational transformation in 2019 reinventing itself as a new generation global CDMO. Through this initiative, named Sai Nxt, the company is investing over US$ 150M (> INR 1000 Cr) to expand and upgrade its R&D and manufacturing facilities, induct top-notch global scientific and leadership talent, strengthen automation and data systems, and above all raise the bar for safety, quality and customer focus.

About Sai Life Sciences
Sai Life Sciences is a full-service CDMO driven by a vision to support the launch of 25 new medicines by 2025.  It works with innovator pharma and biotech companies globally, accelerating the discovery, development and manufacture of complex small molecules. A pure-play CDMO, Sai Life Sciences has served a diverse set of NCE development programs, consistently delivering value based on its quality and responsiveness. Today, it works with 7 of the top 10 large pharma companies, as well as several small and mid-sized pharma & biotech companies. Sai Life Sciences is privately held and backed by global investors, TPG Capital and HBM Healthcare Investments. https://www.sailife.com/

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Inauguration of Sai Life Sciences’ New Research & Technology Centre. Seen in the picture from left to right – Krishna Kanumuri, CEO & MD Sai Life Sciences, Sri K T Rama Rao, Hon'ble Minister for IT, Industries, MA & UD and Jayesh Ranjan, Principal Secretary to Government Industries and Commerce
Inauguration of Sai Life Sciences’ New Research & Technology Centre. Seen in the picture from left to right – Krishna Kanumuri, CEO & MD Sai Life Sciences, Sri K T Rama Rao, Hon’ble Minister for IT, Industries, MA & UD and Jayesh Ranjan, Principal Secretary to Government Industries and Commerce

 

 

Cordico Announces Exclusive Partnership With ‘Emotional Survival’ Author Dr. Kevin Gilmartin

Cordico is the exclusive technology partner of famous speaker and bestselling author of ‘Emotional Survival for Law Enforcement: A Guide for Officers and Their Families’

GOLD RIVER, California, Aug 4, 2020Cordico is proud to announce an exclusive partnership with Dr. Kevin Gilmartin, author of "Emotional Survival for Law Enforcement: A Guide for Officers and Their Families." Dr. Gilmartin’s worldwide bestselling book has sold millions of copies and is widely considered to be the most influential book ever written on the topic of officer wellness.

Dr. Kevin Gilmartin is the author of 'Emotional Survival for Law Enforcement: A Guide for Officers and Their Families.'
Dr. Kevin Gilmartin is the author of ‘Emotional Survival for Law Enforcement: A Guide for Officers and Their Families.’

"Everyone at Cordico is honored to be working with Dr. Gilmartin," said Dr. David Black, CEO of Cordico. "We’re preserving his legacy for future generations of first responders and making his knowledge, wisdom, and winning presentations more accessible than ever before through our technology platforms. Fortunately, our cloud-based platforms will enable us to meet the worldwide demand for his Emotional Survival strategies, which will allow us to help more people serving in the most critical roles than ever before."

Dr. Gilmartin’s Emotional Survival digital content, including videos, writings, and more will be available exclusively within the Cordico Wellness Apps and an interactive Emotional Survival eLearning platform being designed by Cordico in partnership with Dr. Gilmartin.

"Dr. Gilmartin is a legend amongst law enforcement and has helped save countless lives, families, and careers," said Dr. Black. "He is the number one speaker and author in the field of officer wellness and we could not be more excited about our partnership and all we will be doing together to help support first responders."

About Dr. Kevin Gilmartin

Dr. Gilmartin is a behavioral scientist specializing in law enforcement and public safety related issues. He is the author of the book "Emotional Survival for Law Enforcement: A Guide for Officers and Their Families." He previously spent 20 years working in law enforcement and supervised the Hostage Negotiations Team and the Behavioral Sciences Unit. He is a former recipient of the International Association of Chiefs of Police-Parade Magazine, National Police Officer Citation Award for contributions during hostage negotiations. He presently maintains a consulting relationship with public safety and law enforcement agencies in the U.S., Canada and Australia. The Department of Justice, FBI, Royal Canadian Mounted Police, New South Wales Police and International Association of Chiefs of Police have published his work. He holds a doctoral degree in Clinical Psychology from The University of Arizona and is a veteran of the U.S. Marine Corps.

About Cordico

Cordico is the world leader in wellness technology for high-stress professions, providing trusted, confidential, 24/7 proactive and preventative wellness support specially developed for law enforcement and others serving in the most demanding and critical roles. Our customized, continuously updated wellness platform solutions provide hand-held access to valuable resources including anonymous self-assessments, instructional videos, peer support services, and on-demand tools targeting behavioral and emotional health, physical fitness, resilience, and much more. https://www.cordico.com

Media Contact: 
Kevin Dacy
Phone: 844.CORDICO (1.844.267.3426)
Email: info@cordico.com

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Cordico is the Exclusive Digital Partner of Dr. Kevin Gilmartin
Dr. Kevin Gilmartin is the author of ‘Emotional Survival for Law Enforcement: A Guide for Officers and Their Families.’

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/C O R R E C T I O N — Infineon/


In the news release, "Accurate, anonymous, contactless: Infineon’s radar-based entrance counter solution for public buildings, retail stores, restaurants or corporate spaces", issued on July 28, 2020 by Infineon over PR Newswire, we are advised by the company that the dimension of the discrete rada board mentioned in the first paragraph should be 20mm x 15 mm instead of 250mm x 150 mm, corrected release follows:

Accurate, anonymous, contactless: Infineon’s radar-based entrance counter solution for public buildings, retail stores, restaurants or corporate spaces

MUNICH, July 31, 2020 — Governmental regulations all over the world created an urgent need for solutions to secure social distancing in public buildings in order to support slowing down the spread of Covid-19. Within three months, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) developed a solution that counts people while entering and leaving buildings or rooms and ensures social distancing at the same time. The Smart entrance counter solution is a miniaturized, discrete radar board (20 mm x 15 mm) that accurately and anonymously counts people with one single 60 GHz radar sensor and integrated software. A traffic light system informs about if an entry is allowed or not.

The smart entrance counter solution is a miniaturized, discrete radar board (20 mm x 15 mm) that accurately and anonymously counts people with one single 60 GHz radar sensor and integrated software.
The smart entrance counter solution is a miniaturized, discrete radar board (20 mm x 15 mm) that accurately and anonymously counts people with one single 60 GHz radar sensor and integrated software.

 

"We aimed at quickly creating an effective solution that allows everyone of us to securely move within public spaces, in offices, airports or restaurants according to the regulations of the so-called new normal," says Andreas Urschitz, Division President Power & Sensor Systems Infineon Technologies. "Our Smart entrance counter solution is a closed system. On the one hand, it prevents overcrowding, on the other hand, it enables businesses to keep their operations running. And most importantly, due to the use of radar technology, personal data are 100 percent protected. The system counts a person, but does not know who it is."

The expected volume for this kind of solution amounts to 90 million units globally. Infineon’s Smart entrance counter solution with XENSIV™ 60 GHz radar sensor works contactlessly and can easily be installed on the side or ceiling of an entrance or exit. It can be implemented in all kinds of building types, such as public buildings, retail and grocery stores, restaurants, schools or corporate spaces, e.g. canteens, offices, and the like. Furthermore, Infineon is already working on the next generation that will include further features.

Availability
The Smart entrance counter solution (KIT BGT60TR13C EMBEDD) with integrated software is available now for evaluation. The second generation will be available in September 2020. For more information: www.infineon.com/smart-entrance

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111 to Announce Second Quarter 2020 Unaudited Financial Results on August 20, 2020

SHANGHAI, July 31, 2020 — 111, Inc. (NASDAQ: YI) ("111" or the "Company"), a Company dedicated to digitally connecting patients with drugs and healthcare services in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2020, before the U.S. market opens on Thursday, August 20, 2020.

111’s management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Thursday, August 20, 2020 (7:30 PM Beijing Time on the same day).

Details for the conference call are as follows:

Event Title:                       

111, Inc. Second Quarter 2020 Earnings Conference Call

Registration Link:            

http://apac.directeventreg.com/registration/event/7482148

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique Registration ID, which can be used to join the conference call.

Please dial in 15 minutes before the call is scheduled to begin and provide the Direct Event passcode and unique Registration ID you have received upon registering to join the call.

A telephone replay of the call will be available after the conclusion of the conference call until August 28, 2020, 09:59 P.M. ET on:

United States:                    

+1-855-452-5696

International:                      

+61-2-8199-0299

Conference ID:                   

7482148

A live and archived webcast of the conference call will be available on the Investor Relations section of 111’s website at http://ir.111.com.cn/.

About 111, Inc.

111, Inc. (NASDAQ: YI) ("111" or the "Company") is a Company dedicated to digitally connecting patients with drugs and healthcare services in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and medical services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online medical services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers.  The Company’s online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company’s New Retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers.

For more information on 111, please visit: http://ir.111.com.cn/.

For more information, please contact:

111, Inc.
Investor Relations
Email: ir@111.com.cn

111, Inc.
Media Relations 
Email: press@111.com.cn 
Phone: +86-021-2053 6666 (China)

GCM Strategic Communications
IR Counsel
Email: 111.ir@gcm.international

Related Links :

http://www.yiyaowang.com

DoctorxDentist Identifies The Top 10% of Doctors in Singapore

Patients are 65% more likely than they were prior to the onset of coronavirus to choose a healthcare provider based on the quality of care they will receive, according to the COVID-19 Patient Confidence Study.

SINGAPORE, July 30, 2020DoctorxDentist, the leading online resource for information about doctors in Singapore, today released its 2020 analysis of best performing physicians. 

“The goal of the DxD10 Trusted Reviews Award is to acknowledge physicians who are consistently highly rated” said Tristan Hahner, CEO of DoctorxDentist. “As healthcare gets more complicated and more choices for care become available, it’s important to provide information that helps consumers easily identify providers who make patient experience a top priority. This is our way of recognizing physicians for their commitment to outstanding care, based on opinions of those who know them best – their patients.”

DxD10 Trusted Reviews Award Recognizes Outstanding Healthcare Providers, Based on Patient Feedback

Each year, only 10% of doctors in Singapore are named a DxD10 Trusted Reviews Award recipient. DoctorxDentist evaluated the performance of 10,112 doctors and dentists nationwide by compiling and analyzing thousands of ratings and reviews of patients from across Singapore and Southeast Asia. The evaluation found that:

  • Winners had an average of 22 reviews, while the average doctor in Singapore had less than 5 reviews.
  • Award recipients maintained an average rating of 4.5 or higher out of a 5-star rating system.
  • Doctors with a minimum rating of 4.5 stars get seven times as many appointments as doctors with a rating less than 4.5 stars.
  • Doctors with at least 5 reviews get 74% of online appointments.
  • Reviews most often mentioned a doctor’s clinical skill or bedside manner. 
Dr Marlene Teo from An Dental Clinic, recipient of DxD10 Trusted Reviews Award for 2020.
Dr Marlene Teo from An Dental Clinic, recipient of DxD10 Trusted Reviews Award for 2020.

“It’s been my dream to help patients demystify dental issues,” said Dr Marlene Teo, an award recipient. “I’m really honored to receive the ‘DxD10 Trusted Reviews Award’ as an affirmation that we are building trust and rapport with our patients.”

About DoctorxDentist

DoctorxDentist.com is the fastest-growing doctor discovery platform in Singapore and South East Asia. Millions of consumers each year find and schedule appointments with their provider of choice at DoctorxDentist.

By enhancing each touchpoint in the patient journey — from the first impression online, to appointment booking and review harvesting post-appointment — DoctorxDentist makes it easy for healthcare providers to attract more patients, manage online reputation and modernize the patient experience. Learn more about how physicians partner with DoctorxDentist

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DriWay Technologies Commences Bomb Shelter Pilot Project with Korean Government

The Daejeon City Government will use DriWay’s dehydration devices, starting in a key bomb shelter, to remove invasive moisture and improve air safety.

NEW YORK, July 29, 2020 — The Republic of Korea’s Daejeon City Government has commissioned DriWay Technologies to install its dehydration devices in the city’s bomb shelters, to reduce the invasive moisture within the structures. This partnership begins with a three-month pilot project in the Dunsan Fire Station bomb shelter, with installation to take place the first week of August 2020.

South Korea maintains approximately 19,000 bomb shelters throughout the country for civilian use in an emergency, such as potential missile attacks from North Korea. Many such shelters are located within structures like fire stations.

Daejeon, the country’s fifth largest metropolis, has declared its commitment to ensuring that the air quality in these bunkers is safe and healthy for its citizens. Upon encountering invasive building moisture that obstructed a summer 2020 renovation project in the Dunsan Fire Station, Daejeon city leaders initiated a partnership with DriWay to address the problem using DriWay’s dehydration devices.

DriWay’s patented technology naturally breaks the attraction that causes groundwater to rise into buildings, allowing a combination of evaporation and gravity to remove excess water from the walls. Without requiring any potentially hazardous chemicals or electrical power, it provides a sustainable, permanent, and environmentally friendly solution for building owners, managers, and occupants.

“The leadership of Daejeon, including Construction Department Chief Kim Jong Shin, have shown admirable dedication to the security and wellbeing of the people they serve. It is an honor for us to be entrusted with something as important as keeping the air within these bunkers safe and healthy for the city’s residents,” said Steve Kim, COO of DriWay Korea.

“We are proud to serve the city of Daejeon and help protect its residents by providing them with better air quality in its shelters,” said Roy Judelson, Global Chairman and CEO of DriWay Technologies. “These shelters are critical for keeping residents of South Korea safe from outside harm, and our priority is to support Daejeon’s leadership in also keeping residents safe from health hazards caused by invasive moisture inside the shelters.”

About DriWay Technologies
DriWay Technologies is a building health technology company that addresses the environmental and health hazards caused by invasive moisture: mold-causing ground moisture that naturally enters building foundations, basements, and ground floors and can inflict health risks, structural damage, and increased thermal insulation costs. This problem plagues 10% of buildings in the US, and higher percentages in other regions of the world, according to a 2019 EY market study.

DriWay is headquartered in London, with subsidiaries in the US, UK, UAE, and South Korea. It is currently providing its services to the US Government and marquee clients such as Grosvenor Group in London, Nakheel Properties in Dubai, Olshan Properties in New York City, and Hyundai Corporation in South Korea. In the next year, DriWay will also be expanding its operations into India, Japan, Indonesia, Greece, and Cyprus after recently completing a Seed Round financing at a $100 million valuation.

For all media inquiries, please contact media@driway.com.

Global Healthcare Interoperability Market to Witness Nearly Two-fold Growth by 2024

Data interoperability and data analytics are key contributors to global market revenue for healthcare interoperability, says Frost & Sullivan

SANTA CLARA, California, July 27, 2020 — Frost & Sullivan’s recent analysis, Global Healthcare Interoperability Market, Forecast to 2024, contends that interoperability has become a critical consideration for all health IT (HIT) applications. Countries where HIT interoperability standards are equally important and regulated are projected to drive the market, registering near-double-digit growth. The buoyant market for global healthcare interoperability is expected to grow at a compound annual growth rate (CAGR) of 13.8%, reaching $7.96 billion by 2024 from $4.17 billion in 2019.

Global Healthcare Interoperability Market to Witness Nearly Two-fold Growth by 2024
Global Healthcare Interoperability Market to Witness Nearly Two-fold Growth by 2024

For further information on this analysis, please visit: http://frost.ly/49u.

“With the advent of innovative delivery models and shifting focus on value-based care, the demand for interoperable systems will continue to grow,” said Koustav Chatterjee, Transformational Health Principal Analyst at Frost & Sullivan. “Additionally, the ability to achieve medical device connectivity across the care continuum will be critical. Real-time integration of accurate patient-generated data from connected apps and systems into a central command center platform that uses cognitive algorithms to automate care coordination and personalize intervention will be a key competitive advantage during and post-COVID-19.”

Chatterjee added: “From product segment perspectives, data interoperability and data analytics will primarily dominate the global healthcare data interoperability market. Both of these solution segments are expected to contribute more than 90% of the global market revenue throughout the study period. Further, application program interface (API) integration is the third-most important solution segment contributing to global market revenue, followed by data cleansing, data integration, and application integration.”

Globally, major government agencies are mandating healthcare stakeholders to comply with national healthcare data interoperability standards. This is resulting in higher adoption of HIT applications, thereby presenting immense growth opportunities for vendors involved in healthcare interoperability, including:

  • API Management: Vendors are encouraged to create API partnership platforms to achieve cross-continuum connectivity.
  • Data Management: Cloud or on-premise data centers comprise actionable healthcare intelligence, indicative of a past pattern of diseases, payment frauds, and operational inefficiencies.
  • Electronic Medical Record (EMR) Partnerships: Build the EMR interoperability consulting services business line.
  • Medical Device Partnerships: Utilize real-time assessment of patient-generated data by care episodes and patient population.
  • Health Information Exchange: Develop a central infrastructure to enable the delivery of actionable health data.

Global Healthcare Interoperability Market, Forecast to 2024, is the latest addition to Frost & Sullivan’s Transformational Health research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Healthcare Interoperability Market, 2019–2024

K418

Contact:
Mariana Fernandez
Corporate Communications
P: +1 (210) 348.1012
E: mariana.fernandez@frost.com 
https://www.frost.com

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K-BioMed Pioneer: VUNO Med®-Fundus AI™ Becomes Korea’s First-ever Innovative Medical Device

SEOUL, South Korea, July 27, 2020 — VUNO Inc., South Korean artificial intelligence (AI) developer and a member company of the Born2Global Centre, announced that VUNO Med®-Fundus AI™, its AI-based screening solution for the fundus, gained the honor of being the first-ever Innovative Medical Device in Korea by the Ministry of Food and Drug Safety (MFDS) in recognition of its high level of technological innovation. VUNO has proved its technological excellence in retinal fundus imaging analysis.

The MFDS was unanimously elected to be the first chair of Artificial Intelligence Medical Devices (AIMDs) at the International Medical Device Regulators Forum (IMDRF) held on June 25. All the credit goes to the agency’s continuous effort to set the path for the leading regulatory framework of AI-based medical devices by establishing guidelines for approval and review of AI-based medical devices in 2017 for the first time in the world.

With the MFDS taking at the helm, the Innovative Medical Devices are classified and designated among candidates that excel in safety and effectiveness compared to conventional medical apparatuses and treatments. The following is included in the evaluation criteria: technological intensity and pace of technological innovation (technological innovation); enhancement in safety and effectiveness compared to the existing medical devices (performance); and economic, social, and technological ripple effect (contribution to the public good and industrial value).

About VUNO Med®-Fundus AI™

VUNO Med®-Fundus AI™ analyzes retinal fundus images to detect more than 12 lesions and classifies them for diagnosis. The 12 findings detected by the device are an all–encompassing set of medical information that is crucial to diagnosing a wide range of retinal diseases including diabetic retinopathy, macular degeneration and glaucoma.

VUNO Med®-Fundus AI™ ranked top in the Automatic Detection Challenge on Age-related Macular Degeneration at the International Symposium on Biomedical Imaging (ISBI) 2020, following the winning of the Diabetic Retinopathy – Segmentation and Grading Challenge at the same competition in 2018 and the Medical Image Computing and Computer Assisted Intervention (MICCAI) 2018 Retinal Fundus Glaucoma Challenge. In addition, a clinical research paper published in Ophthalmology, one of the most prestigious academic journals in the field, validated the solution’s remarkable detection performance.

VUNO Med®-Fundus AI™, was approved as a Class III medical device in April by the MFDS based on the solution’s proven effectiveness and performance through a series of clinical trials. Furthermore, in June, it gained the Class IIa CE marking according to the European Union (EU) framework, thus allowing VUNO Med®-Fundus AI™ to be commercially launched in 27 EU member states and others that recognize the European CE mark.

For more detailed information on VUNO, please visit https://www.vuno.co/.

Media Contact

Yerim Kim
PR Manager, VUNO lnc.
rim@vuno.co

Sora Kang
PR Manager, VUNO Inc.
sora.kang@vuno.co

Jina Lee
PR Manager, Born2Global Centre
jlee@born2global.com

Related Links :

http://www.born2global.com/

111, Inc. Launched Lung Cancer Patient Care Program “Cloud Enabled Lung Cancer Care by Great Doctors” for Full Life-cycle Management of Tumor

SHANGHAI, July 27, 2020 — Aiming to provide better health management services to lung cancer patients, “Cloud Enabled Lung Cancer Care by Great Doctors” was officially launched in Shanghai on July 25, 2020. The lung cancer patient care program (the “Program”), spearheaded by China Primary Health Care Foundation and co-hosted by Beijing Life Oasis Public Service Center, attracted the participation of 20 domestic and world-renowned lung cancer pharmaceutical and medical equipment companies. The Program offers diagnostic and treatment services including science popularization, medication guides, online consultation, follow-up consultation and clinic visitation support for lung cancer patients via a full life-cycle doctor-patient interaction platform. The platform is to be established and operated by 111, Inc. (“111”), a leading online healthcare company in China.

The Program adopts the “internet + healthcare” model with the goals of improving the efficiency of medical service delivery and the quality of survival of patients through systematic, professional and personalized multi-dimensional behavioral intervention for lung cancer patients,” said Liu Xiaopeng, Secretary-General of the Life Oasis Public Service Center of China Primary Health Care Foundation – a representative of hosts of the Program.

Prof. Jiang Liyan, Director of the Pulmonary Tumor Committee of China Medicine Education Association, said, “The lung cancer patient care program helps doctors to test and track the medical conditions of patients, which in turn, facilitates the establishment of a standardized management database with accumulation of patients’ medical information and a vast array of continuously updated and vetted treatment guidelines from the deep experience of clinicians in field of lung cancer in China. The patient management platform is a good start for China to set up its own normative lung cancer management model.”

According to Chief Innovation Officer Anfeng Guo of 111, lung cancer patients have been facing challenges in gaining access to timely, professional and personalized management services such as diagnosis and treatment during the continuation phase, in particularly when they are at home. 111 will leverage its online healthcare operational experience and new technology application to set up an efficient and one-stop digital service platform for the Program to empower lung cancer management for the benefits of lung cancer patients.

Supported by the platform, many patient services have been migrated from offline to online. Digitalization, visualization and non-contact are biggest features and advantages.

For patients, the Program removes the inherent limits of time and space in accessing to professional services, hence achieving rapid, efficient interaction between patients and attending physicians. Meanwhile, the virtual visits and consultation during the pandemic outbreak lowers the risk of infection caused by low immunity.

For clinicians, gathering data of single-disease cancer patients in a single digital platform will significantly reduce patient’s management cost, improve service efficiency and accumulate patients’ data to further enhance clinical research. Data structuring and quantification can help doctors to understand conditions of patients and assist them in prediction, diagnosis and treatment.

For pharmaceutical companies, the platform can improve patients’ medication compliance, enhance treatment effectiveness, and strengthen the competitiveness of products in the treatment process.

As an online healthcare pioneer and leader, 111 has had an enormous pool of patients with chronic diseases accumulated over the course of past ten years. Driven by new technologies like smart supply chain, cloud solutions, big data and AI, 111 has been focusing on the upgrade and innovation of its service model and continuous enhancement of its chromic disease management services. Participation in the Program is a significant move for 111 to enhance its single-disease cancer management services and also marks a key milestone to further enrich its chronic disease management services.

Dr. Yu Gang, Co-Founder and Executive Chairman of 111, pointed out that 111 has successfully launched fully digitalized and smart healthcare management service that centers on patients with the goals of empowering doctors through connecting patients and doctors with internet technology. It is an innovation of 111 in online healthcare and also a new move for 111 to drive its strategic initiative in drug commercialization for pharmaceutical companies, especially in cancer drugs, leveraging on its competitive advantage in smart healthcare supply chain resources.

Looking into the future, 111 will continue to leverage on its integrated healthcare platform that combines both offline and online resources to launch solutions for the omni-channel commercialization of drugs; further broaden and deepen full life-cycle management solutions for patients; improve medical service efficiency and quality of survival of patients, and fulfil the mission of connecting patients, drugs and medical services with digital technology.

Ranks as the first in morbidity and mortality among various kinds of cancers, lung cancer is the “number one killer” threatening lives and health no matter in China or in the world1. According to the latest China Malignant Tumor Morbidity and Mortality Analysis Report released by the National Cancer Center, there were 2.09 million new lung cancer cases worldwide in 2018, of which Asia accounted for over 50%. Meanwhile, lung cancer caused 1.76 million deaths globally in 2018, higher than combined deaths caused by breast cancer, colorectal cancer and prostatic cancer.

The World Health Organization once estimated that China will have over 1 million new lung cancer cases a year by 20252. Currently, the five-year survival rate in China is only 16.1%3. In recent years, with continuous technological breakthroughs in new treatments, the survival period of lung cancer patients saw continuous extension and lung cancer turned into a “controllable chromic disease” from an “incurable disease”. It is foreseeable that lung cancer prevention and treatment will be an important public health issue with huge market potential in China in the future.

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1.     GLOBOCAN 2018 published by the official journal of American Cancer Society

2.     World Cancer Report 2014 by the World Health Organization

3.     Public data by the National Cancer Center

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a Company dedicated to digitally connecting patients with drugs and healthcare services in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and medical services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online medical services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers.  The Company’s online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company’s New Retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers.

For more information on 111, please visit: http://ir.111.com.cn/.

For more information, please contact:

111, Inc.

Investor Relations

Email: ir@111.com.cn

111, Inc.

Media Relations 

Email: press@111.com.cn

Phone: +86-021-2053 6666 (China)

GCM Strategic Communications

IR Counsel

Email: 111.ir@gcm.international

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