TMCnet News
RYAH Medtech Inc. Signs Exclusive Distribution Agreement and Software Development Agreement with DelleD SAS in FranceNEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – RYAH Group, Inc’s (CSE:RYAH) (“RYAH” or the “Company”) wholly-owned subsidiary, RYAH Medtech Inc. (“RYAH Medtech”), announces it has signed a definitively exclusive software development and product distribution agreement with its French partner, DelleD SAS, for the distribution of the RYAH Smart Inhaler. The strategic agreement further defines the previously announced arrangement with DelleD to distribute RYAH Smart Inhalers in the territory of France and participate in the upcoming tender for the French government’s national experiment on patient use of medical cannabis. The 2-year experiment, overseen by the French Health Ministry and the French Agency for the Safety of Medicines and Health Products (“ANSM”), involves up to 3,000 patients who will be prescribed medical cannabis treatments and monitored by the ANSM. The nationwide experiment is being undertaken to gather data about the effectiveness and safety of therapeutic cannabis with an eye toward eventual legalization and distribution. RYAH also announces its launch of customized software solutions including dedicated mobile applications and data analytics for clinical studies, cannabis growers, LPs, MSOs, ancillary device companies and wellness operators. “In addition to distribution of the proprietary devices and accessories, the deal involves a Statement of Work (SOW) for RYAH to develop customized software for DelleD that would cater to the French patients who intend to use and track their plant-based therapies via DelleD,” said Jordan Medley, head of Product Operations at RYAH, noting this project is the second customized software development order for the Company. “Providing a robust data collection mechanism ensures more comprehensive patient feedback - and, consequently, accurate clinical trial results.” “With this announcement, RYAH Group officially launches its mobile application and data analytics solutions to the global cannabis and wellness community. Our team of software developers and designers have mastered the craft and we are pleased to offer this customized service to a wide range of clinics, growers, device companies and more,” said Gregory Wagner, CEO of RYAH GROUP, Inc. The global digital health market size is expected to reach USD $295.4 billion by 2028 and is projected to expand at a CAGR of 15.1% over the forecast period. By 2025, it is anticipated that several nations, including France and the U.K., will have significantly developed patient access to medical cannabis, representing a significant share of the European market. About RYAH Medtech, Inc. RYAH Medtech Inc. (‘RYAH’) is a connected device and big data and technology company focused on valuable predictive analysis in the global medical plant and nutraceutical intake industry. Its robust artificial intelligence platform aggregates and correlates HIPAA-compliant patient data, which is intended to help doctors and patients personalize plant-based treatments to better predict treatment outcomes. The data collection is relevant for clinics, doctors, dispensaries and pharmaceutical companies and Licensed Processors (LPs) to monitor and manage formulation effects on patient and demographics. With a strong IP portfolio, RYAH gathers deep and insightful data on the complete patient session and formulation lifecycle. About DelleD DelleD SAS (‘DelleD’) is a French biotech company specializing in plant production optimization through lighting and AI, and cannabis-based medicine development. DelleD is developing innovative extraction methods, cannabis genetic and production optimization, and galenic formulations with leading-edge public and private laboratories, and is already performing a preclinical trial in oncology. DelleD is also working on a clinical trial to be started in 2021. With a vertically integrated approach, DelleD has been in contact with the Ministry of Agriculture since 2017 to perform R&D on cannabis plants and to install a French excellence R&D center to develop its IP portfolio and provide innovative medical cannabis-based products. Forward-Looking Statements RYAH Medtech Inc Contacts: Sofiya Kleshchuk Gregory Wagner, CEO Corporate Communications: |