HEALTH TECHNOLOGY

Mazik Global, a Microsoft Healthcare Cloud Solutions Expert, will be acquired by Quisitive Technology Solutions

Quisitive | March 23, 2021

Mazik Global, a Microsoft Healthcare Cloud Solutions Expert, will be acquired by Quisitive Technology Solutions

Quisitive Technology Solutions Inc., a leading Microsoft Solutions Provider, signed a definitive agreement on March 22 to acquire all of Mazik Global Inc.'s issued and outstanding shares. Mazik Global Inc., headquartered in Chicago, Illinois, is an independent software vendor (ISV) that helps businesses deliver Microsoft CRM, Cloud, and ERP solutions in the healthcare, education, and manufacturing sectors. The terms of the Transaction are outlined in a binding share purchasing arrangement signed at arm's length between the Company, a wholly-owned subsidiary of the Company, and the owners of Mazik. The Transaction is subject to a range of normal requirements, including the issuance of all regulatory approvals and the TSX Venture Exchange's acceptance. On or around April 1, 2021, the transaction is expected to close.

Mazik Global Overview

Mazik has collaborated with Microsoft engineering for nearly two decades, creating flexible, extensible artificial intelligence-driven solutions to help companies reduce costs, improve collaboration, optimize performance, and strengthen customer relationships. Mazik is an original co-developer of the Microsoft Dynamics platform, CDE (Common Data Model), and other collaborative healthcare initiatives. Mazik has built an immensely useful range of IP that supports the healthcare, education, and manufacturing sectors due to these capabilities. MazikCare, which is based on the Microsoft Dynamics platform, offers seamless patient care through a single data platform and a linked front and backend mechanism, enabling its healthcare customers to work more reliably and efficiently.

Mazik also expanded the MazikCare portal to incorporate their VaccineFlow solution, which allows them to distribute vital, mass COVID-19 vaccines across the globe, with over 1 million vaccinations already delivered. MazikCare VaccineFlow simplifies the vaccine distribution process and strengthens the bond between suppliers, patients, and distributors, providing a significant growth potential. Mazik Global was chosen by 1.5 million consumers from counties, healthcare centers, and educational institutions to introduce the MazikCare VaccineFlow application, as it complied with all CDC (Centers for Disease Control and Prevention) requirements, was deployable in two to four weeks, and required minimal user training.

Mazik reported unaudited revenues of approximately US$10.4 million and unaudited adjusted EBITDA of approximately US$2.1 million, or 20%, for the trailing twelve months ended December 31, 2020.

About Quisitive:

Quisitive is a leading global Microsoft partner that helps businesses transform by using the Microsoft platform and complementary innovations, such as personalized applications and first-party offerings. The company's Cloud Solutions division focuses on assisting companies in moving, operating, and innovating in the three Microsoft clouds. Their Payments Solutions business, which is centered around their LedgerPay software range, uses the Microsoft Azure cloud to turn the payment processing industry into an entirely new source of customer experience and market demand. Quisitive has nine employee centers around the globe that serve clients.

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HEALTH TECHNOLOGY

Frost & Sullivan Awards proteanTecs Best Electronics Health Monitoring Technology

proteanTecs | December 23, 2021

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HEALTH TECHNOLOGY

Texas Children's Hospital And Baylor College of Medicine COVID-19 Vaccine Technology Secures Emergency Use Authorization In India

Texas Children Hospital | December 29, 2021

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CORBEVAX™ after completing two Phase III clinical trials involving more than 3000 subjects was found to be safe, well tolerated and immunogenic: CORBEVAX™ demonstrated superior immune response in comparison with COVISHIELD™ vaccine when assessed for Neutralizing Antibody (nAb) Geometric Mean Titers (GMT) against the Ancestral-Wuhan strain and the globally dominant Delta variant. CORBEVAX™ vaccination also generated significant Th1 skewed cellular immune response. CORBEVAX™ nAb GMT against Ancestral-Wuhan strain is indicative of vaccine effectiveness of >90% for prevention of symptomatic infections based on the Correlates of Protection assessment performed during Moderna and Astra-Zeneca vaccine Phase III studies. CORBEVAX™ nAb GMT against the Delta strain indicates a vaccine effectiveness of >80 percent for the prevention of symptomatic infections based on published studies. While none of the subjects who took CORBEVAX™ or COVISHIELD™ had serious adverse events, CORBEVAX™ had 50 percent fewer adverse events than COVISHIELD™. In the continuous monitoring of phase II studies, CORBEVAX™ showed high persistence of immune response as indicated by <30% drop in nAb GMT till 6 months second dose as compared to >80% drop observed with majority of the vaccines. "Protein-based vaccines have been widely used to prevent many other diseases, have proven safety records, and use economies of scale to achieve low-cost scalability across the world," said Dr. Maria Elena Bottazzi, Professor and Associate Dean of the National School of Tropical Medicine at Baylor and Co-Director of the Texas Children's Hospital Center for Vaccine Development. 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We deeply appreciate Texas Children's Hospital Center for Vaccine Development, Baylor, CEPI, the Bill and Melinda Gates Foundation, and the government of India for their continuous support and cooperation during this journey. The combined efforts & unceasing support demonstrate that we can collectively overcome any challenge". Mahima Datla, Managing Director, Biological E. Limited ABOUT TEXAS CHILDREN'S HOSPITAL Texas Children's Hospital, a not-for-profit health care organization, is committed to creating a healthier future for children and women throughout the global community by leading in patient care, education and research. Consistently ranked as the best children's hospital in Texas, and among the top in the nation, Texas Children's has garnered widespread recognition for its expertise and breakthroughs in pediatric and women's health. The hospital includes the Jan and Dan Duncan Neurological Research Institute; the Feigin Tower for pediatric research; Texas Children's Pavilion for Women, a comprehensive obstetrics/gynecology facility focusing on high-risk births; Texas Children's Hospital West Campus, a community hospital in suburban West Houston; and Texas Children's Hospital The Woodlands, the first hospital devoted to children's care for communities north of Houston. The organization also created Texas Children's HealthPlan, the nation's first HMO for children; has the largest pediatric primary care network in the country, Texas Children's Pediatrics; Texas Children's Urgent Care clinics that specialize in after-hours care tailored specifically for children; and a global health program that's channeling care to children and women all over the world. 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In addition, it builds and strengthens capacity for vaccine development locally and with foreign nations and leads global efforts to guide and influence vaccine policy and advocacy through "vaccine diplomacy" as an international bridge for peace and vaccine development capacity. ABOUT BCM VENTURES Baylor College of Medicine Ventures is the commercial engine of the health sciences university, created to support the translation of academic knowledge and intellectual assets for the benefit of society. We do this by engaging university innovators, entrepreneurs and industry to fully develop ideas along their best commercial path. We foster a culture of commercialization and engage with industry to identify market opportunities for collaborative ventures. ABOUT BIOLOGICAL E. LIMITED Biological E. 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INSURANCE

Exela Expands PCH Global Solution with Leading Healthcare Insurer

Exela Technologies | January 12, 2022

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HEALTH TECHNOLOGY

Microbot Medical Announces Strategic Collaboration with Stryker Corporation to Develop the LIBERTY® Robotic System for Neurovascular Applications

Microbot Medical | December 28, 2021

Microbot Medical Inc.announced that it has entered into a strategic collaboration agreement with Stryker, a leading global medical technology company. The company will collaborate with Stryker’s Neurovascular division to integrate its neurovascular instruments with Microbot’s LIBERTY Robotic System to develop the world’s first dedicated robotic procedural kits for use in certain neurovascular procedures. “We have already ensured that the LIBERTY Robotic System has a strong and sustainable competitive advantage, and the collaboration with Stryker will allow us to further expand in the neurovascular space. I believe the similarities in our innovation culture, as well as our complementary core capabilities, will allow us to establish a truly differentiated solution that will benefit all stakeholders and accelerate our goal of changing the way robotic surgery is viewed and adopted.” Harel Gadot, Chairman, CEO and President of Microbot Medical The company will continue to develop the LIBERTY Robotic System independently for use in peripheral and coronary procedures. The animal feasibility studies to date support the company’s assertion that it will potentially allow physicians to safely and efficiently conduct remote catheter-based vascular procedures, and reduce the risk for radiation exposure, physical strain on the user and Hospital Acquired Infections (HAIs), without the need for cumbersome and expensive capital equipment. About Microbot Medical Microbot Medical Inc.is a pre-clinical medical device company that specializes in transformational micro-robotic technologies, focused primarily on both natural and artificial lumens within the human body. Microbot’s current proprietary technological platforms provide the foundation for the development of a Multi Generation Pipeline Portfolio (MGPP). Microbot Medical was founded in 2010 by Harel Gadot, Prof. Moshe Shoham, and Yossi Bornstein with the goals of improving clinical outcomes for patients and increasing accessibility through the use of micro-robotic technologies.

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