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Beskrivning

LandNorge
ListaOAX Equities
SektorHälsovård
IndustriMedicinteknik
Observe Medical är ett norskt bolag verksamma inom medicinteknik. Bolaget bedriver utveckling av tekniska instrument som används inom intensivvården. Produkterna säljs under olika varumärken och är särskilt specialiserade för urinmätning. Störst verksamhet återfinns inom den nordiska samt europeiska marknaden. Bolaget kom till som en avknoppning från Navamedic och har sitt huvudkontor i Oslo, Norge.
2021-02-04 09:00:13
Oslo February 4, 2021 - Observe Medical ASA (OSE: OBSERV), announces
strengthened presence in Norway through a partnership agreement with the
Norwegian medtech agency Yallow Life Science AS and an enhanced collaboration
with Norway Health Tech.

Observe Medical, with headquarters in Oslo, Norway, is launching Sippi®
automated digital urine meter in selected markets in Europe. The short-term
focus is the acceleration of Sippi® in clinical use in the Nordics, and to
further strengthen the presence in Norway, Observe Medical is now entering a
collaboration with the medtech focused consultancy company, Yallow Life Science
AS, and the not-for-profit cluster, Norway Health Tech, both based in Oslo.

The new collaborations follow Observe Medical's recent expansion in the Nordics
through the acquisition and integration of Sylak AB, that brought a broad
portfolio of medtech products and an experienced sales team. In the coming
period, the sales operations will be further built up through an expansion of
the direct sales team in the Nordics.

Norway Health Tech is a leading Norwegian health cluster focusing on innovation
by facilitating collaboration between academia, healthcare and industry, and
Observe Medical is already an active member.

Yallow is an Oslo-based medtech focused consultancy firm with specific
competency in design and development with a focus on medical devices and
connected care, they have a strong clinical network and are also members in
Norway Health Tech. From early February Yallow is headquartered at the
Healthcare hub at Oslo Science Park.

"We are excited to enter the enhanced collaboration with Yallow and Norway
Health Tech. We will be able to access the competence of the Yallow team, and
the strong innovation resources centered within Norway Health Tech. Both of them
are situated at Oslo Life Science Park, close to The University of Oslo, the
university hospitals and research institutes along with bustling start-up hubs
like Aleap, Start-up Lab and The Life Science Cluster. I am positive that this
will drive Sippi® clinical use and portfolio sales growth in the Nordics," says
Björn Larsson, CEO Observe Medical.

"At Yallow we are of course proud and honored to enter into such an agreement
and see great potential in the collaboration with Observe Medical, especially
now when moving close to the Norway Health Tech office. We are looking forward
to making a difference both for Observe Medical and for the life science sector
in Norway" says Petter Arlehed, CEO Yallow.

 "Norway Health Tech is excited to welcome Yallow to our facilities at Oslo
Science Park and using our strong competence and network to strengthen
collaboration with Observe Medical - we look forward to bringing together
synergies for the benefit of Norway's life science sector and ultimately for
patients in Norway and worldwide" says Anita Moe Larsen, Head of Communication,
Norway Health Tech.

For further information, please contact:

Observe Medical: Björn Larsson, CEO, +46 76 620 17 25,
bjorn.larsson@observemedical.com

Yallow Life Science AS: Petter Arlehed, CEO, +47 41 35 06 08, petter@yallow.no

Norway HealthTech: Anita Moe Larsen, head of Communication,+47 416 06 800
aml@norwayhealthtech.com

About Observe Medical

Observe Medical develops, markets, and sells innovative hospital products that
contribute to increased patient safety and a more efficient care system. The
company's ambition is to drive growth by leveraging its expertise in sales and
commercialization of its broad portfolio of medical technology products, mainly
in the areas of Urine measurement, Anesthesiology/ICUs, and wound care, in
combination with targeted M&A. The company's headquarter is in Oslo, Norway and
its operations are based out of Gothenburg, Sweden. Observe Medical has a direct
sales organization in the Nordics and a distributor network internationally.
Observe Medical's product, Sippi®, is the only automated digital urine meter
with the possibility for wireless data transfer to hospital patient data
management systems and hinders bacterial migration that can lead to urinary
infections (Sippcoat®). Sippi® is CE marked and currently being launched with a
focus on selected markets and hospitals in the Nordics and in Europe.

About Yallow Life Science

Yallow Life Science is an agency specializing in life science. We are passionate
about designing and developing products that make a difference to people, lives,
and every day. We combine design driven innovation with deep QA/RA competence.
Together with our customers we are improving the future. Yallow is a proud part
of Vinn. Vinn is a platform for starting up new and innovative service
providers. We're currently made up of a group of specialist companies and
individuals with high-calibre expertise assembled in a creative environment.
https://www.yallow.no/

About Norway Health Tech

Norway Health Tech has a vision of making Norway the world's best arena for
health innovation. We are a non-for-profit member organization with close to 270
members in our base - representing the full value chain of healthcare. We
address all areas of human health - with an eye for technology. We will provide
better healthcare solutions for all, through the dissemination of innovative
solutions that answer unmet medical needs, cross-sector cooperation, and ensure
that our members have the best contacts and relationships of relevant
stakeholders in the global ecosystem. https://www.norwayhealthtech.com/