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Clinical Diagnostics Industry Leader Scott Madel Joins Biomerica's Team as Chief Commercial Officer
Globenewswire· 2025-06-26 12:19
Core Viewpoint - Biomerica Inc. has appointed Scott Madel as Chief Commercial Officer to enhance commercialization and revenue growth for its inFoods IBS product, which aims to improve the quality of life for patients with chronic gastrointestinal conditions [1][5][6]. Company Overview - Biomerica Inc. is a global biomedical technology company focused on developing, patenting, manufacturing, and marketing advanced diagnostic and therapeutic products, particularly for gastrointestinal and inflammatory diseases [12]. Leadership Appointment - Scott Madel brings over 20 years of experience in healthcare and diagnostics, having previously served as President of Boston Heart Diagnostics, where he led a successful turnaround and revenue growth [2][3]. - His past roles include CEO positions at BioHealth Diagnostics and Genova Diagnostics Europe, where he contributed to significant revenue growth and strategic partnerships [3][4]. Product Focus: inFoods IBS - inFoods IBS is a diagnostic-guided therapy that identifies food triggers causing symptoms in patients with IBS, using a simple finger-stick blood sample [7]. - The product offers a non-pharmaceutical, precision-based approach to symptom relief, targeting dietary changes based on individual immune responses [7]. Clinical Study Results - A multicenter clinical study published in Gastroenterology showed that 59.6% of patients in the treatment group achieved significant abdominal pain reduction compared to 42.2% in the control group [9]. - Among IBS-C patients, 67.1% in the treatment group achieved the endpoint versus 35.8% in the control group, indicating strong efficacy [9]. - The study highlighted inFoods IBS as the only targeted therapy demonstrating efficacy specifically in IBS-M patients, a historically underserved subgroup [10]. Strategic Goals - In his new role, Scott Madel will focus on expanding strategic partnerships, developing a robust payer strategy, and enhancing brand recognition for inFoods IBS [5][6]. - The company aims to achieve third-party payer reimbursement and scale provider engagement both domestically and internationally [5].
Global Diagnostics Leader Selects Kneat
Globenewswire· 2025-05-15 21:03
Core Insights - Kneat.com, inc. has signed a three-year Master Services Agreement with a US-based manufacturer of clinical diagnostics, indicating a strategic partnership aimed at digitizing and automating validation processes in the healthcare sector [1][2]. Company Overview - The Company operates in over 40 countries and employs more than 14,000 people, providing a wide range of clinical diagnostics and biomedical testing services [2]. - As part of a larger life sciences organization with over 60,000 employees, the Company will initially utilize Kneat Gx to digitize its equipment validation process [2]. Industry Trends - There is a growing trend in the life sciences sector towards digitalization, with companies moving from manual, paper-based validation processes to streamlined digital solutions to enhance quality, compliance, and speed to market [3]. Product and Service Details - Kneat Solutions offers a digital validation platform, Kneat Gx, which is designed for highly regulated industries, providing efficiency in validation and compliance [4]. - Kneat Gx is fully certified (ISO 9001 and ISO 27001) and compliant with 21 CFR Part 11/Annex 11, demonstrating its reliability and adherence to industry standards [4]. - Independent studies indicate that Kneat Gx can reduce documentation cycle times by up to 40% and accelerate speed to market by up to 20% while improving compliance standards [4].