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NeuroMetrix Announces DPNCheck Distribution Agreement with Fukuda Denshi in Japan

10:13 EDT 3 Aug 2017 | Businesswire
NeuroMetrix, Inc.

NeuroMetrix, Inc. (Nasdaq: NURO) today reported an agreement with Fukuda Denshi for DPNCheck® distribution in Japan. DPNCheck is NeuroMetrix’ rapid, accurate, and quantitative point-of-care test to detect diabetic peripheral neuropathy. Diabetes is a serious health issue in Japan with a prevalence of 5.7% of the adult population or over 7 million people. DPNCheck received regulatory clearance and was commercially launched in Japan during 2014. Distribution was handled by Omron Healthcare until the sale of its hospital medical products business to Fukuda Denshi in late 2016. This new distribution arrangement will complete the product transition to Fukuda Denshi and represents an opportunity to accelerate local marketing efforts. DPNCheck is currently being introduced to Fukuda Denshi’s domestic sales force who will handle the product through their national sales network of over 230 locations.

“Omron Healthcare did an excellent job of developing DPNCheck’s scientific and clinical credibility among leading academic and practicing physicians in Japan,” said Shai N. Gozani, M.D., Ph.D., President and CEO of NeuroMetrix, Inc. “Multiple clinical studies coordinated by Omron confirmed the effectiveness of DPNCheck in the Japanese population, a factor crucial to local marketing efforts. We look forward to working with Fukuda Denshi to build upon this clinical foundation to expand the Japan market for DPNCheck.”

“We appreciate the important role of DPNCheck in early detection of diabetic peripheral neuropathy and the avoidance or management of related health complications,” said Hiroyuki Babasaki, Senior Operating Officer of Fukuda Denshi. “This unique technology has the potential to meet the needs of medical facilities in Japan and we believe the synergy between our distinct product portfolio and the DPNCheck will bring great opportunities and positive impact to our business.”

About DPNCheck

NC-stat DPNCheck is a rapid, accurate and quantitative point-of-care test to detect diabetic peripheral neuropathy, or DPN, at an early stage allowing physicians to select appropriate treatment. DPN is the most common complication of diabetes, affecting over half of people with diabetes. DPN causes significant morbidity including pain, increased risk of falling in the elderly, and is the primary trigger for diabetic foot ulcers which may require lower extremity amputations. For product information visit DPNCheck.com.

About Fukuda Denshi

Fukuda Denshi, headquartered in Tokyo and founded in 1939, is a leading medical device company with a product focus in cardiology instrumentation, patient monitoring, ultrasound technologies, as well as home medical care. It is headquartered in Tokyo where it maintains its R&D and principal manufacturing facilities which support its worldwide sales network. For more information on Fukuda Denshi, please visit fukuda.com

About NeuroMetrix

NeuroMetrix is a commercial stage, innovation driven healthcare company combining neurostimulation and digital medicine to address chronic health conditions including chronic pain, sleep disorders, and diabetes. The company's lead product is Quell®, an over-the-counter wearable therapeutic device for chronic pain. Quell is integrated into a digital health platform that helps patients optimize their therapy and decrease the impact of chronic pain on their quality of life. The company also markets DPNCheck®, a rapid point-of-care test for diabetic neuropathy, which is the most common long-term complication of Type 2 diabetes. The company maintains an active research effort and has several pipeline programs. 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 NeuroMetrix.com.

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

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