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MMRGlobal Files Form 8-K Regarding Signing of Patent License Agreement, Dr. Shekhar Challa to Medical Board of Advisors
LOS ANGELES, CA, Dec 10, 2012 (MARKETWIRE via COMTEX) --
MMRGlobal, Inc. (OTCQB: MMRF) today announced it filed a Form 8-K
regarding the signing by MyMedicalRecords, Inc. (MMR) of a
Non-Exclusive Patent License Agreement with 4medica, Inc. to license
U.S. rights for the health IT patents owned by MyMedicalRecords, Inc.
These include but are not limited to U.S. Patent Numbers 8,321,240;
8,301,466; 8,117,045; 8,117,646; and 8,121,855, as well as any other
health IT patents to be issued pursuant to pending applications filed
by MyMedicalRecords in the United States and all divisions,
continuations, reissues, and extensions (the "MMR Patents"). The
initial term of the Agreement is five years and automatically renews
to the expiration date of the last licensed patent to expire, which
currently in the U.S. is twenty years from the date of filing.
MMRGlobal is a leading provider of Personal Health Records (PHRs)
including its MyMedicalRecords.com PHR and MMRPro document management
and imaging systems for healthcare professionals.
In June of 2012, the Company announced that 4medica was incorporating
a Communications Gateway within its EHR platform using products and
other intellectual property designed by MMR and provisioned to
4medica using MMR's patents and other intellectual property. Since
the initial launching of the Gateway and the awarding of numerous
additional USPTO patents to MMR, the two companies agreed to sign a
comprehensive patent license agreement granting 4medica rights to
utilize all MMR patents in all 4medica products sold to hospitals,
laboratories, healthcare professionals and/or patients. 4medica
offers Lab Portal products to more than 30,000 physicians and
providers, the 4medica iEHR system which includes the 4medica
Electronic Health Record for ambulatory physician practices and
clinics, the 4medica iEHR for inpatient care settings and other
health centers, and other 4medica clinical informatics products.
The Company also announced that Shekhar Challa, M.D. has joined the
Company's Medical Board of Advisors. Dr. Challa, a Board Certified
Gastroenterologist in practice for over 25 years, is President and
Co-Founder of Kansas Medical Clinic, a multi-speciality clinic
focused on Gastroenterology, Dermatology, Neurology and Pathology.
Dr. Challa is also founder of Osteoporosis Services, the largest
mobile bone density testing company in the Midwest with relationships
to more than 150 rural hospitals, a primary targeted market for
MMRPro.
Dr. Challa is also a digestive health authority and award-winning
author whose most recent book, "Probiotics for Dummies" (Wiley,
2012), followed the publication of "Winning the Hepatitis C Battle"
and "Spurn the Burn, Treat the Heat: Everything You Need to Know to
Beat Acid Reflux Disease," for which he received the Readers
Preference Award. Dr. Challa's latest venture includes being the
co-producer of the first-ever probiotic video game, "Microwarriors:
The Battle Within."
Dr. Challa, who also recently founded The Probiotic Store, will be
working with MMR to distribute the Company's Personal Health Record
products and services by offering free trials through Dr. Challa's
probiotics store (http://www.theprobioticstore.com/).
"Joining as a member of MMR's Medical Advisory Board will enable me
to introduce the Company to organizations and distribution channels
that I am affiliated with including eight hospitals, physicians and
other past and current board affiliations with NutraCenter, Proctor &
Gamble and U.S. Bank," said Dr. Challa.
Dr. Challa received his board certification in Internal Medicine and
Gastroenterology from Coney Island Hospital in Brooklyn. He has been
the principal investigator for 17 different clinical research trials
for such leading companies as Glaxo, Roche and Bristol-Myers.
About MMRGlobal
MMRGlobal, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-use
online Personal Health Records ("PHRs") and electronic safe deposit
box storage solutions, serving consumers, healthcare professionals,
employers, insurance companies, financial institutions, and
professional organizations and affinity groups. The MyMedicalRecords
PHR enables individuals and families to access their medical records
and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the
Internet. MyMedicalRecords is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a variety of methods,
including fax, phone, or file upload without relying on any specific
electronic medical record platform to populate a user's account. The
Company's professional offering, MMRPro, is designed to give
physicians' offices an easy and cost-effective solution to digitizing
paper-based medical records and sharing them with patients in real
time through an integrated patient portal. Through its merger with
Favrille, Inc. in January 2009, the Company acquired intellectual
property biotech assets that include anti-CD20 antibodies and data
and samples from its FavId(TM)/Specifid(TM) vaccine clinical trials
for the treatment of B-Cell Non-Hodgkin's lymphoma. To learn more
about MMRGlobal, Inc. visit www.mmrglobal.com. View demos and video
tutorials of the Company's products and services at
www.mmrtheater.com.
About 4medica, Inc.
4medica provides the industry's leading cloud
SaaS (Software-as-a-Service) clinical integration platform, the
4medica Integrated Electronic Health Record (4medica iEHR(R)), to
help healthcare organizations of diverse types create a seamless view
of the patient care experience and drive EHR adoption. The intuitive
iEHR platform design integrates with and builds upon disparate
systems to facilitate interoperable data exchange across various care
settings to promote care continuity. The cloud computing model is
scalable, lower cost, maintenance-free, easy to use and deployable in
a few months or less, eliminating large capital outlays or resource
utilization. This is especially critical for small community and
rural hospitals and physician health organizations of all types and
sizes striving to qualify for ARRA incentives and to demonstrate
Meaningful Use. 4medica connects 100-plus institutional facilities
including hospitals, health systems, physicians, laboratories and
radiology and pathology clinics, and its products are used by more
than 30,000 physicians. For more information, visit
http://www.4medica.com.
Forward-Looking Statements
All statements in this press release that
are not strictly historical in nature, including future performance,
management's expectations, beliefs, intentions, estimates or
projections, constitute "forward-looking statements." Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause MMRGlobal's actual
results to be materially different from historical results or from
any results expressed or implied by such forward-looking statements.
Some can be identified by the use of words (and their derivations)
such as "need," "possibility," "intend," "offer," "development,"
"if," "negotiate," "when," "begun," "believe," "achieve," "will,"
"estimate," "expect," "maintain," "plan," and "continue," or the
negative of these words. Actual results and the timing of selected
events may differ materially from the results predicted, and reported
results should not be considered as an indication of future
performance. Such statements are necessarily based on assumptions and
estimates and are subject to various risks and uncertainties,
including those relating to the possible invalidity of the underlying
assumptions and estimates and possible changes or developments in
economic, business, industry, market, legal and regulatory
circumstances and conditions and actions taken or omitted to be taken
by third parties, including customers, suppliers, business partners,
potential licensees, competitors and legislative, judicial and other
governmental authorities and officials. Factors that could cause or
contribute to such differences include, but are not limited to:
unexpected outcomes with respect to intellectual property enforcement
actions, claims of intellectual property infringement and general
intellectual property litigation; our ability to maintain, develop,
monetize and protect our patent portfolio for both the Company's
health IT and biotechnology intellectual property assets in the U.S.
and internationally; changes in our relationships with our licensees;
the risk the Company's products and services are not adopted or
viewed favorably by the healthcare community; business prospects,
results of operations or financial condition; timing and volume of
sales and installations; length of sales cycles and the
implementation process; market acceptance of new product and service
introductions; MMR's software and telephony platform applications;
new distribution channels; ability to establish and maintain
strategic relationships; competitive product offerings and
promotions; changes in government laws and regulations and future
changes in tax legislation and initiatives in the healthcare
industry; undetected errors in our products; possibility of
interruption at our data centers; risks related to third party
vendors; risks related to integrating and being integrated with
third-party technology; risks related to a security breach by third
parties; risks associated with recruitment and retention of key
personnel; uncertainties associated with doing business
internationally across borders and territories; and additional risks
discussed in the MMRGlobal's filings with the Securities and Exchange
Commission. MMRGlobal is providing this information as of the date of
this release and, except as required by law, does not undertake any
obligation to update any forward-looking statements contained in this
release as a result of new information, future events or otherwise.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 922-7033
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
mailto:ms@publiccommunications.biz
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