Over 330 million people worldwide suffer from asthma alone, with the global market for asthma and chronic obstructive pulmonary disease (COPD) estimated to be worth $47 billion this year.
Respiri Ltd (ASX: RSH) looks to be quickly progressing its path to commercialisation with a portfolio of devices and software that meet the needs of this vast addressable market.
Not only is the company on the precipice of signing landmark agreements in China for its asthma monitoring device, it has also been given the go-ahead for European sales of its next generation wheeze detection and monitoring device into the European market, including the UK.
Imagine an over the counter, non-prescription product that can help people with asthma lead better lives.
RSH is currently focussed on securing partnership agreements to help launch a new generation of its continuous monitoring system.
The company expects to announce that within weeks it will receive written commercial-in-confidence proposals from at least two partners in China — a country for which significant improvements in asthma monitoring and management is required.
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The anticipated incoming agreements could involve the production of the company’s next generation device, plus sales and distribution.
As such there could be a raft of news to come for this $20 million capped med tech company on the back of its agreements in China and entry in the European market.
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Respiri (ASX:RSH) is leading the way in new technologies to better manage asthma, a chronic disease affecting more than 330 million worldwide.