NeuroMetrix Launches DPNCheck® in Mexico with First Government Order

WALTHAM, Mass.--()--NeuroMetrix, Inc. (NASDAQ:NURO) today reported the commercial launch of DPNCheck in Mexico. The initial DPNCheck order will be utilized by one of Mexico’s six major government healthcare institutions to improve the detection of diabetic neuropathy and advance the overall management of diabetes in their patient population.

Mexico has one of the highest rates of type 2 diabetes in the world with nearly 12% of the adult population diagnosed. The disease results in 70,000 deaths per year making diabetes the leading cause of death for the country. The prevalence of diabetes is projected to continue to increase in the coming years.

Scienta Farma, S.A. de C.V. distributes DPNCheck for NeuroMetrix in Mexico. The largest market opportunity for DPNCheck is within the six public institutions that provide healthcare services to the majority of Mexico’s 120 million citizens. Scienta Farma focuses their marketing and sales efforts on gaining government contracts with these institutions.

“Mexico is a very important component of our international strategy for DPNCheck and we believe this initial sale will help accelerate Scienta Farma’s efforts to expand DPNCheck adoption within the other major government healthcare institutions,” said Michael MacDonald, NeuroMetrix SVP of Commercial Operations.

“DPNCheck is a significant clinical advance for the care of diabetic patients in Mexico,” said Alberto Elias Fernandez, Executive Vice President of Scienta Farma. “We are excited to be partnering with NeuroMetrix to bring this important technology to clinicians in Mexico.”

About DPNCheck

DPNCheck is a quantitative nerve conduction test that is used by physicians and health care professionals to evaluate systemic neuropathies such as diabetic peripheral neuropathy, or DPN. It is designed to be used at the point-of-care to objectively detect, stage, and monitor DPN. The device measures nerve conduction velocity and response amplitude of the sural nerve, a nerve in the lower leg and ankle. These parameters are recognized as sensitive and specific biomarkers of DPN.

About NeuroMetrix

NeuroMetrix is an innovative health-care company that develops wearable medical technology and point-of-care tests that help patients and physicians better manage chronic pain, nerve diseases, and sleep disorders. The company is located in Waltham, Massachusetts and was founded as a spinoff from the Harvard-MIT Division of Health Sciences and Technology in 1996. For more information, please visit www.NeuroMetrix.com.

Contacts

NeuroMetrix, Inc.
Thomas T. Higgins, 781-314-2761
SVP and Chief Financial Officer
neurometrix.ir@neurometrix.com

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Contacts

NeuroMetrix, Inc.
Thomas T. Higgins, 781-314-2761
SVP and Chief Financial Officer
neurometrix.ir@neurometrix.com