Brisbane, Australia, 15 November 2019 — ResApp Health Limited (ASX:RAP), a leading digital health company developing smartphone applications for the diagnosis and management of respiratory disease, today announced that it has entered into an agreement according to which it grants to the consumer healthcare business unit of biopharmaceutical company, Sanofi, an exclusive license to use the outcomes generated under the Startup Creasphere incubator program. Under this program, ResApp and Sanofi are collaborating on building a smartphone application which will leverage ResApp’s novel cough-based respiratory disease diagnostic algorithms to provide at-home support to consumers.
Tony Keating, CEO and Managing Director of ResApp commented, “We are pleased to be working with the global consumer healthcare team on a unique and important standalone product that neatly complements the solutions in our existing portfolio.”
Under the agreement, ResApp has granted Sanofi the option to negotiate and acquire exclusive rights to develop, manufacture and commercialise a respiratory disease self-assessment application specifically for consumers. Sanofi has until 7 March 2020 to exercise the option. If Sanofi elects to exercise the option, the companies have six months to negotiate the licensing terms. Either company may terminate the option agreement by giving 30 days notice.
About ResApp Health Limited
ResApp Health Limited (ASX: RAP) is a leading digital health company developing smartphone applications for the diagnosis and management of respiratory disease. ResApp’s machine learning algorithms use sound to diagnose and measure the severity of respiratory conditions without the need for additional hardware. Clinical studies have demonstrated accurate diagnosis of lower respiratory tract disease, upper respiratory tract infection, pneumonia, bronchiolitis, croup, asthma exacerbation/reactive airway disease, chronic obstructive pulmonary disease, chronic obstructive pulmonary disease exacerbation and obstructive sleep apnoea. ResApp’s smartphone-based acute respiratory disease diagnostic test, ResAppDx-EU, is CE Marked in the European Union and TGA approved in Australia. Potential customers of ResApp’s products include healthcare providers in telehealth, emergency department, urgent care and primary care settings as well as humanitarian organisations in the developing world. For more information, visit www.resapphealth.com.au