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Stock impact report

VitalConnect raises $100M for heart monitor patch [Yahoo! Finance]

iRhythm Technologies, Inc. (IRTC) 
Last irhythm technologies, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.irhythmtech.com
Company Research Source: Yahoo! Finance
Dive Brief: VitalConnect raised $100 million to accelerate commercialization of its ambulatory cardiac monitoring device, the company said Wednesday. The company sells a disposable patch that records a patient's heart rhythm to detect arrhythmias. The device, Vitalpatch, competes with patches from companies including iRhythm Technologies. Unlike rival devices such as iRhythm's Zio, VitalConnect's product provides real-time monitoring of vital signs including respiratory rate. Vitalpatch monitors for 21 different cardiac arrhythmias using artificial intelligence. Dive Insight: VitalConnect received 510(k) clearance for the biosensor in 2019 and launched the device the next year. The patch, which sticks to the skin, has technology to capture ECG data and transmit the information to the cloud. After up to seven days, the patient removes the patch and, if a longer monitoring period is needed, applies a new device. The Band-Aid-like design allows physicians to monitor patients Show less Read more
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