Cardiac Biotech Solutions Inc Stock Price, News & Analysis

CB Scientific, Inc. (CBSC) has announced a manufacturing partnership with Shenzhen Pump Medical Co., Ltd. to produce its myCam cardiac monitoring device and related software in China. This agreement recognizes Shenzhen Pump as the official manufacturer, compliant with local regulatory standards. CBSC's myCam has demonstrated high performance with over 2.1 million patient interactions and a 99+% efficiency rate in trials. The collaboration aims to expedite the regulatory approval process by the National Medical Products Administration (NMPA).

CB Scientific, Inc. (OTCQB:CBSC) has announced it has entered the regulatory testing phase for its enhanced myCam cardiac event monitoring device, aiming for FDA 510(k) clearance. The new myCam features improved power consumption, lead wire shielding, signal quality, and cost-effective sourcing, maintaining core functionalities while enhancing market competitiveness. Expected submission for FDA approval is imminent, with product delivery plans for Asia, Latin America, and the Middle East upon clearance.

CB Scientific has appointed James Ott as the new Chief Technology Officer, effective immediately. With over 28 years of experience in ambulatory ECG and clinical research, Ott aims to drive technological innovation and business expansion. His extensive background includes leadership roles in product development, regulatory compliance, and significant contributions to U.S. patent submissions. The company, which specializes in non-invasive cardiac monitoring products, expresses confidence in Ott's ability to enhance investor value and improve healthcare solutions.

CB Scientific has successfully uplisted from the OTC Pink Sheets to the OTCQB Venture Market, starting April 6, 2022. This transition is expected to enhance transparency and liquidity for shareholders. CEO Charles Martin stated this achievement will broaden the company's investor outreach. The OTCQB is recognized by the SEC and mandates companies to maintain current disclosure filings and audited financial statements. Additionally, CB Scientific is planning a corporate name change and relocating its domicile to Nevada to leverage favorable tax laws.

CB Scientific announced the successful completion of its annual audit by MaloneBailey, LLP, adhering to PCAOB standards. This milestone positions the company strongly for an uplisting to the OTCQB Venture Market, expected to enhance investor benefits through higher reporting standards and improved analyst coverage. The company is also set to implement corporate changes, including a name change and relocation to Nevada, to facilitate future fundraising and a potential listing on the Nasdaq Capital Markets. These developments follow a shareholder mandate from a recent special meeting.

CB Scientific, Inc. (CBSC) successfully held its Special Meeting of Stockholders on January 14, 2022, achieving approximately 73% approval for all five proposals. The approved measures include reincorporating the company from Oregon to Nevada and renaming it Cardiac Biotech Solutions, Inc.. Management emphasizes this endorsement is crucial for pursuing future business goals and positions the company for a possible Nasdaq listing. The increase in common shares and potential reverse stock split will help maintain compliance with listing standards.

CB Scientific, Inc. (CBSC) will hold a Special Meeting of Stockholders on January 14, 2022, at 10:00 a.m. EST in Columbus, Ohio, focusing on pivotal corporate changes. Key proposals include a name change to better reflect business direction, relocating for favorable tax laws, increasing authorized shares for fundraising, and ratifying the 2021 Omnibus Stock Incentive Plan to attract talent. These measures aim to position CBSC for a potential Nasdaq listing. The record date for stockholders eligible to vote is December 23, 2021.

CB Scientific, Inc. (OTC PINK:CBSC) has initiated the Beta testing phase for its upgraded My-Cam cardiac event monitor. The new design boasts enhanced power consumption, improved lead wire shielding, and better signal quality, all while reducing costs. With increasing demand for the My-Cam device, the company aims to address supply chain challenges effectively. Following successful Beta testing, CBSC plans to enter Pre-production testing soon. The company will keep stakeholders informed of further developments through press releases and regulatory filings.

CB Scientific (OTC PINK:CBSC) has announced a partnership with Shenzhen Pump Medical System Co., Ltd. to manufacture medical products aimed at the Southeast Asian market. This collaboration is crucial for establishing local manufacturing capabilities and securing necessary FDA and NMPA approvals. CEO Charles Martin emphasized the importance of this relationship for regulatory validation and gaining access to regional distribution channels. The company plans to provide updates on future developments to shareholders and the public.