REHOVOT, Israel, Dec. 15, 2022 /PRNewswire/ — CardiaCare, a clinical stage digital therapeutic company developing the world’s first non-invasive, personalized neuromodulation wearable for atrial fibrillation treatment, announced today the execution of a strategic licensing agreement with Dr. Reddy’s Laboratories, a leading multinational pharmaceutical company based in India.
Under terms of the agreement, which include undisclosed upfront and royalty payments to CardiaCare, Dr. Reddy’s Laboratories will lead the necessary clinical studies to secure regulatory clearance in India and will manage commercialization and distribution in India. This agreement will make India the first market to offer a home-care, digital therapeutic solution for atrial fibrillation patients and will reduce health inequities in cardiovascular care.
Atrial fibrillation (AF) is the most common sustained cardiac arrythmia, affecting tens of millions of patients worldwide. AF contributes to increased morbidity and mortality, mainly due to a 5-fold increased risk for stroke. Current standard of care includes pharmacological therapy or ablation, both of which have limited efficacy and various side effects, negatively impacting patients’ quality of life.