Under a long term Supply Contract.
Adherium Controlling Director and CEO Garth Sutherland said, We are very pleased to be working with AstraZeneca. These agreements symbolize a major advance in the administration and treatment of respiratory disease, and will make a fundamental difference to the quality of life for people with COPD and asthma. Over the past 15 years Adherium has developed its gadget monitoring technology and collaborated with a broad selection of academic partners to show the robustness and performance of the devices. Less than 50 percent of asthma patients stick to their prescribed preventative medications. In adults, clinical evidence also showed that using a Smartinhaler can decrease serious episodes by 60 percent, which really is a profound improvement on current best practice. This partnership: establishes Adherium as a leading player in digital health technologies transforming the administration of chronic respiratory illnesses; demonstrates AstraZeneca's commitment to its Intelligent Pharmaceuticals system by being the first company to execute a business agreement for digital technology complementary to its inhalation items; and validates the commercial importance of the Adherium technology in the global digital wellness market. (more…)