Dariohealth Corp - DRIO STOCK NEWS

DarioHealth Corp. (Nasdaq: DRIO) announced the addition of Dr. Marilyn Ritholz and Dr. David Horwitz to its Scientific Advisory Board, enhancing its digital therapeutics platform aimed at chronic condition management. The SAB's mission includes leveraging their expertise to improve clinical offerings and market penetration. Dr. Ritholz specializes in diabetes and behavioral health, while Dr. Horwitz has extensive experience in clinical affairs at major diabetes organizations. This strategic move is expected to further advance Dario's AI-driven health solutions, focused on personalized care.

DarioHealth Corp. (NASDAQ: DRIO) has appointed Claudia Rimerman Kraut as Vice President of Broker and Consultant Partnerships, a new role aimed at enhancing their sales strategy. Ms. Kraut brings extensive experience from her previous role at Omada Health, where she built strong partnerships. Rick Anderson, President of North America, expressed confidence that her expertise will accelerate growth opportunities in 2021 and beyond. The company emphasizes its innovative digital therapeutic solutions aimed at chronic condition management, further strengthening its market position.

DarioHealth Corp. (Nasdaq: DRIO) announced a pivotal agreement to provide its digital therapeutics solution to eligible employees of a subsidiary of a Fortune 500 technology company. This marks Dario's first self-insured employer client via the partnership with Vitality Group. The program, focusing on diabetes and hypertension solutions, will start enrolling members in January 2021. DarioHealth emphasizes its personalized, adaptive healthcare approach, aiming to improve employee health outcomes and reduce care costs.

DarioHealth Corp. (Nasdaq: DRIO) announced a partnership with Presbyterian Medical Services to deliver its remote patient monitoring (RPM) solution starting January 1, 2021. This collaboration aims to enhance care for patients with chronic conditions like diabetes and hypertension. Following a rigorous evaluation process, Dario's AI-powered RPM was selected for its superior technology and ability to improve patient engagement and health outcomes. The financial details of the agreement were not disclosed.

DarioHealth Corp. (Nasdaq: DRIO) has secured a partnership with Presbyterian Medical Services to implement its remote patient monitoring (RPM) solution, effective January 1, 2021. This collaboration aims to enhance care for patients with chronic conditions like diabetes and hypertension. Following a competitive evaluation, Dario's RPM solution was chosen for its superior technology and user experience. Financial terms of the agreement were not disclosed, but the partnership highlights Dario's commitment to improving patient health outcomes, particularly during the COVID-19 pandemic.

DarioHealth Corp. (Nasdaq: DRIO) has secured a contract to provide its digital therapeutic solutions to eligible employees of a Fortune 500 technology company, starting January 1, 2021. This initiative aims to enhance the health management of chronic conditions like diabetes and hypertension. The contract is a significant milestone, showcasing Dario's strategic pivot towards the B2B2C market. The award highlights the competitive strength of Dario's digital care solution, which is already used by tens of thousands of consumers globally.

DarioHealth Corp. (NASDAQ: DRIO) presented a clinical study at the 20th Annual Diabetes Technology Society Meeting, highlighting significant improvements in diabetes management for adults aged 65 and older using its digital therapeutics platform. The study, involving 940 participants, showed a 13% reduction in average blood glucose levels over six months and a 38.1% drop in high blood glucose readings in subjects older than 65. Results indicated that outcomes for older adults were comparable or even better than those for younger participants, suggesting the platform's efficacy in managing chronic conditions.

DarioHealth Corp. (Nasdaq: DRIO) reported third-quarter 2020 revenues of $2.04 million, a 14.2% sequential increase. The company successfully penetrated the B2B2C market, establishing partnerships with Vitality Group and HMC Healthworks to expand its user base. Despite growth, gross profit fell by 37% to $549,000, and operating losses rose to $6.6 million, a 136% increase year-over-year. Cash reserves stand at $37 million, the highest in company history, supporting further investments. However, total operating expenses increased by 94.7%, primarily from marketing and compensation costs.