Cloud DX grants stock options

Cloud DX (TSXV: CDX, OTCQB: CDXFF) is a digital health company focused on providing sophisticated solutions for advanced healthcare providers through its precision vital signs monitoring platform, software and solutions. mobile apps. The company’s commitment is to improve healthcare accessibility through virtual care and digital medicine in Canada and the United States.
The company combines core competencies in biomedical hardware engineering, cloud-based medical device architecture, algorithm-based result generation, regulatory approval experience and quality management internationally ISO certified. This combination has helped Cloud DX develop medical devices and software optimized for a higher value patient experience. This level of innovation in telehealth technology strategically positions Cloud DX as a leader in vital signs data monitoring and integration.
Unlike many other telemedicine companies, Cloud DX strives to invent new medical devices and get them approved by regulators. This aspect of invention allows the company to create more intuitive and innovative devices at potentially lower costs for its users. “Because we control the entire customer experience, we can optimize and improve it for everyone. That’s actually our mission,” said Cloud DX CEO Robert Kaul.
Cloud DX has partnered with healthcare providers such as Health System Blessing and virtual care companies like Curatio Incco-creator of the Stronger Together app, to provide remote patient monitoring and telehealth solutions to the short-term symptoms of COVID-19 and its long-term complications. This new wave of virtual care technology addresses the limitations of existing healthcare structures and helps meet the demand for medical help in light of strained traditional healthcare systems and extensive social distancing measures across the country. ‘North America.
In August 2014, Team Cloud DX was confirmed in the top 10 Qualcomm Tricorder XPRIZE finalists out of 330 entrants. This three-year global competition offered a grant of US$10 million to be divided among the top 3 teams capable of developing an autonomous platform for vital signs data collection and remote diagnosis inspired by the famous medical “Tricorder” of the Star Trek TV show. Cloud DX’s entry, the VITALITI platform, has managed to diagnose up to 19 distinct health conditions on its own. The company, which was the only competitor representing Canada, received the inaugural XPRIZE Bold Epic Innovator Award in April 2017. All winning XPRIZE teams share access to a multi-million dollar grant pool provided by Qualcomm Life Foundation and the Roddenberry Foundation. to bring their inventions to market, administered by the University of California, San Diego.
VITALITI tricorder winner of the XPRIZE by Cloud DX
Cloud DX markets three inventions based on their XPRIZE winning tricorder. The Pulsewave 2.0 wrist monitor can uniquely measure accurate blood pressure and average respiratory rate simultaneously. The VITALITI Wearable Continuous Vital Signs Monitor streams all major vital signs including multi-lead ECG and non-invasive blood pressure to the cloud in real-time, while their cough analysis smartphone app AcuScreen CA can detect respiratory diseases based on a person’s sound. cough, and is undergoing clinical trials to screen for tuberculosis, which are expected to be completed by 2022.
Immediate plans for the company include a planned public listing on the Toronto Venture Exchange in early 2021 and advancing its innovation pipeline. Its strong patent portfolio strategically positions the company for significant investment potential and technological expansion.
Cloud DX’s leadership team combines years of experience in healthcare, finance, risk management, and web engineering. This dedicated team prepares the company for significant advances in telehealth, product development and revenue growth.
Cloud DX Company Highlights
- Cloud DX is a virtual care and digital medicine company focused on providing innovative medical solutions to healthcare providers and patients. The company is committed to meeting patient demands while addressing the limitations of traditional healthcare structures.
- The company strives to invent fully connected, cloud-based medical devices that monitor vital and health data at competitive costs. Cloud DX works directly with physicians, healthcare providers, regulators, and patients
- Cloud DX has received more than a dozen awards for innovation, including Bold Epic Innovator in the Qualcomm Tricorder XPRIZE, “World Changing Idea” from Fast Company, and most recently a finalist in the 2021 Edison Awards.
- Cloud DX is certified in quality management under ISO 13485, licensed to develop medical devices and software by Health Canada, and registered (with 510k clearances) with the US FDA.
- Cloud DX has entered into a new partnership with the Lung Health Foundation to provide remote patient monitoring (RPM) kits and services in Ontario and to deploy Cloud DX Connected Health.
- Cloud DX also joins Maxwell Telecare to provide around-the-clock virtual care and real-time vital signs monitoring to residents living in long-term care (LTC) facilities.
Cloud DX key products
Connected Health Kit
The DX Connected Health cloud platform combines integrated telehealth monitoring software and high-tech medical equipment. Patients can record their vital signs, take important surveys to answer questions from a personalized care team, access a personalized health feed based on their condition, and have full control over their patient’s complete history through the Cloud DX patient portal.
Cloud DX Connected Health Kit
Additionally, a typical connected health kit comes equipped with a custom Android tablet, a Pulsewave wrist blood pressure monitor, a wireless Bluetooth scale, and a wireless pulse oximeter. Intelligent privacy-compliant Microsoft Azure cloud-based software detects changes in vital signs, survey responses, or device usage patterns and notifies caregivers so immediate interventions can take place, improving health outcomes . This virtual care paradigm is an exciting innovation, aimed at meeting the demands of a rapidly changing digital medicine landscape.
Pulsewave Wrist Cuff Health Monitor
The Cloud DX Pulsewave Health Monitor Armband is a unique connected medical device that allows users to immediately see their heart activity with clinical precision. The comfortable cuff transmits the raw pulse wave signal to Cloud DX servers for analysis, producing heart rate, blood pressure, pulse variability, mean respiratory rate, and a proprietary cardiac abnormality score.
“The Total Anomaly Score is a new screening tool that appears to have significant potential for identifying heart disease. The possible clinical uses of this score are being actively investigated at Cloud DX,” said Chief Medical Officer Dr. Sonny Kohli.
The company plans to launch Pulsewave 2.0, a major upgrade to its original armband, in 2021. The new device is wireless, battery-powered, with a built-in accelerometer and gyroscope, improving performance. Production of Pulsewave 2.0 is supported by a non-dilutive $1.75 million co-investment from the NextGen Manufacturing Supercluster.
The Cloud DX Leadership Team
Robert Kaul – CEO, Founder and President
Robert Kaul has over 30 years of experience as an entrepreneur, and Cloud DX is his 6th startup. With a BSc in Biology and a Certificate in Operations Strategy from MIT-Sloan, Kaul is recognized as an expert in building and inspiring highly capable teams.
Dr. Sonny Kohli, MD – Co-Founder and Chief Medical Officer
Dr. Sonny Kohli is an attending physician in critical care and internal medicine at Oakville Trafalgar Memorial Hospital and an assistant (adjunct) clinical professor of medicine at McMaster University. In 2008/09, Dr. Kohli was an astronaut candidate with the Canadian Space Agency (CSA), where he received a fellowship at the Johnson Space Center.
Anthony Kaul – Co-founder & COO
Anthony Kaul is the founder and CEO of Higher Bracket Online Media, Canada’s only online resource for $100,000 careers. He has over 25 years of business leadership experience and is responsible for all day-to-day operations of Cloud DX, including human resources, purchasing, finance, sales, marketing and more.
Simon Selkrig – CFO
With over 20 years of experience in finance, accounting and strategic planning, Simon has worked in the professional services, industrial, mining and resources, banking and e-commerce sectors in Canada and internationally. . In his new role, Simon will lead Cloud DX’s finance department, including finance, tax, capital, investor relations (IR), and strategic growth initiatives. Former CFO Stephanie Bird will continue to be available as an executive consultant. Simon joins Robert Kaul, CEO and Anthony Kaul, COO as a member of the management team.
Nick Mulder – Software Manager
Nick Mulder has over 18 years of experience building web systems and over 12 years of experience building high performing teams. Prior to joining Cloud DX, Mulder was the Senior Engineering Manager who founded and grew the Shopify Plus product and engineering team in Waterloo, growing the team from 4 to 400 in three years.
Sara Ross-Howe, BASc, MASc – Research and Development Manager
Sara Ross-Howe brings 16 years of experience developing advanced consumer technology solutions. She began her career leading a team of scientists applying machine learning techniques to biomedical diagnostics. More recently, she spent over a decade managing a technology group creating cloud-based audio and video recording and transcription solutions for national justice systems.