




Healthcare Industry News: ventilator
News Release - October 27, 2020
ABM Respiratory Care Raises US$10.3M in Series A Funding Round and Appoints Peter H. Soderberg as Chairman of the Board of Directors
SINGAPORE, Oct. 27, 2020 -- (Healthcare Sales & Marketing Network) -- ABM Respiratory Care, a medical device company focused on developing novel integrated airway clearance and ventilation solutions, announced today the raise of US$10.3M in its series A funding round led by Advanced MedTech Holdings, a global medical technology leader, and SEEDS Capital, the investment arm of Enterprise Singapore. The funding will help ABM advance their US commercialization plans."We are delighted to have Mr. Soderberg join ABM as chairman of our board of directors," Vinay Joshi, CEO of ABM Respiratory Care, commented, "His appointment comes at a great time for the company since we recently completed our Series A funding of US$10.3 million, secured a significant order for our Alpha ventilator, and received 510(k) clearance by the US FDA for our BiWaze™ Airway Clearance System earlier this year. Mr. Soderberg is a seasoned medical industry leader who has decades of experience leading successful medical device companies. ABM Respiratory Care will leverage his experience as we execute our corporate strategy."
"I welcome the opportunity to join ABM Respiratory Care as the Chairman of the Board of Directors," Mr. Soderberg said. "I'm excited to work with ABM to advance the standard of care in treating chronic and acute respiratory diseases and conditions with their innovative solutions, particularly as they now seek to rapidly establish their U.S. presence."
About ABM Respiratory Care
Founded in 2017, ABM respiratory care is dedicated to advancing the healthcare industry by developing intelligent, clinically differentiated and innovative respiratory care solutions to help people breathe better inside and outside the hospital. For investment information please see our website www.abmrespiratorycare.com.
"Caution: Federal law restricts this device to sale by or on the order of a physician"
Source: ABM Respiratory Care
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