Emerging Healthcare Solutions has begun the due diligence related to the newly executed option with Stand-By Systems (SBS), owner of the FDA approved SBS 1615 catalytic oxygen generator and associated products. The option agreement allows EHSI management to perform due diligence prior to finalising a definitive agreement.
Emerging Healthcare Solutions said that the SBS 1615 catalytic oxygen generator provides medical grade USP oxygen at the push of a button from self-contained inert dry compounds. Stand-By Systems intends to make this portable personal life-saving device become as common in everyday life as household fire extinguishers, smoke detectors and first-aid kits.
Cindy Morrissey, president of Emerging Healthcare Solutions, said: “We are proceeding with our due diligence at a deliberate pace. We are very pleased with the quality of research and information that we have been receiving from SBS.”
Emerging Healthcare Solutions focuses on the development of profitable emerging medical technology, a sector that also includes Intuitive Surgical, Dendreon, Smith & Nephew and Pharmaceutical Product Development.