CardioRenal signs agreement with WeHealth by Servier

Nancy, France, September 11, 2017- CardioRenal and WeHealth by Servier announce they have signed a licensing and co-development agreement regarding CardioRenal’s telemedicine device. The CardioRenal device monitors heart failure patients at home more effectively, allowing for a more personalized treatment.

Close to 26 million people worldwide and 12 million people in Europe suffer from heart failure. It accounts for 1-3% of all US and European hospital admissions (source: European Society of Cardiology).

The re-hospitalization rate for some of these patients is especially high. This is one of the heaviest burdens for healthcare budgets.

This prompted CardioRenal to develop a unique telemedicine device that measures three biomarkers (hemoglobin, potassium and creatinine). The readings are taken via a minilab developed by CardioRenal and installed in the patient’s home. The data is sent and stored in a secured health data center where they are analyzed by expert system software. The software then makes recommendations to the treating physician who can optimize the treatment accordingly.

This new telemedicine medical device will allow frequent therapy adjustment and foster personalized medicine. The objective is to reduce re-hospitalizations that are distressing for the patient and costly for healthcare systems.

According to the agreement, WeHealth will co-finance CardioRenal’s R&D developments until the CE mark is granted as well as an efficacy clinical trial – which is planned to start mid 2018 (650 patients). Servier will get exclusive distribution rights for the CardioRenal device in Europe, Russia and South America. Distribution in the rest of the world will be negotiated later, based on reaching certain milestones. Financial terms of the agreement have not been disclosed.