Cardiac Biotech Solutions Inc Stock Price, News & Analysis

Cardiac Biotech Solutions (OTCID: CBSC) has secured a $375,000 purchase order from Noventis Medical for 2,500 MyCardia AT Cardiac Event Monitoring devices at $150 per unit. The order will be fulfilled in two phases: 1,000 units immediately and 1,500 units within 90 days.

CBSC has also launched a recurring revenue model through a monthly rental program that includes device usage, AWS Cloud-based monitoring software, and patient applications. The revenue sharing structure allocates one-third of monthly rental fees to CBSC and two-thirds to distributor partners.

The company's MyCardia AT platform combines wearable technology with cloud connectivity and mobile applications, with regulatory clearances in the US and pending approvals in Canada and China.

Cardiac Biotech Solutions (OTCID: CBSC) has secured a five-year exclusive distribution agreement with Noventis Medical for its cardiac monitoring products in Costa Rica, Panama, Colombia, and Argentina. The contract is valued at $600,000 USD and includes a right of first refusal for future distribution opportunities in other Central and South American countries.

The agreement centers on CBSC's MyCardia AT event monitoring platform, which combines wearable technology with AWS Cloud connectivity and mobile applications. The company has already obtained regulatory clearance in the U.S. and is pursuing additional approvals in Canada and China as part of its global expansion strategy.

Cardiac Biotech Solutions, Inc. (OTC PINK:CBSC) announced its official name change from CB Scientific, Inc., effective May 7, 2025. The company, which specializes in non-invasive cardiac monitoring products, will retain its CBSC ticker symbol and CUSIP number. The company recently received FDA clearance for its MyCardia AT event monitor and is pursuing regulatory approvals in China through the NMPA and in Canada via Your Heart Protector Corp.

The MyCardia AT cardiac event monitor features a lightweight design and integrates with the AWS Cloud-based MyCardia portal and mobile applications across iOS and Android platforms. The company is working with international distribution partners in Southeast Asia, Hong Kong, and Macau for product launch.

CB Scientific Inc. (CBSC) has officially launched its next generation MyCardia AT cardiac monitor in partnership with contract manufacturer Datrix, This FDA-cleared device is designed for the company's international distribution network in SE Asia, Hong Kong, and Macau.

The MyCardia AT offers an improved patient monitoring experience with its lightweight, easy-to-wear design and flexible options to transmit event recordings via iOS or Android smartphones using the MyCardia app. The device helps physicians detect cardiac arrhythmias in patients with intermittent symptoms during a 30-day monitoring period, addressing a critical health concern as ischemic heart disease deaths have increased from 2.7 million to 9.1 million since 2000.

CBSC is strategically enhancing its cardiac monitoring portfolio by integrating the device with its existing AWS Cloud-based MyCardia portal and smartphone applications. Distributors in Malaysia, Singapore, Thailand, Indonesia, Hong Kong, and Macau will begin registering the device with regulatory agencies, with plans to expand to China and Canada pending regulatory approvals.

CB Scientific (OTC PINK:CBSC), a company specializing in non-invasive ambulatory cardiac monitoring products and services, has appointed William "Trip" Thomas as its new Chief Financial Officer, effective October 1, 2024. This appointment follows the resignation of Brooke Turk, who stepped down on September 30, 2024. The company clarified that Turk's departure was not due to any disagreement or conflict.

Mr. Thomas brings a strong educational background to his new role, holding a Bachelor of Science in Accounting from the University of Tampa and a Bachelor of Science in Agribusiness from the University of Florida. Additionally, he is a licensed Certified Public Accountant in the State of Florida, further solidifying his qualifications for the position.

CB Scientific (OTC PINK:CBSC), a company focused on non-invasive ambulatory cardiac monitoring products, has announced its voluntary delisting from the OTCQB Venture Market. This decision aims to preserve capital for implementing the company's business plan. Importantly, CBSC's common stock will continue trading on the OTC Pink Open Market, allowing shareholders to maintain their ability to trade shares in the public market. The company states that it plans to re-engage an auditor and apply for uplisting when certain milestones are achieved and conditions are appropriate.

CB Scientific (OTCQB: CBSC) has announced an exclusive 5-year distribution agreement with Your Heart Protector Corp. in Canada. This agreement will allow Your Heart Protector to market CBSC's non-invasive cardiac monitoring products and provide related services. The partnership includes developing cloud-based software and mobile applications, as well as facilitating regulatory approvals for the myCam 1.1 device. CBSC is also working on obtaining FDA clearance for myCam 1.1 to expand its market reach. The company is committed to keeping investors updated on future developments.