ARANZ Medical Raises NZ$5mil New Equity Financing

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Dec 18, 2018, 09:00 ET

CHRISTCHURCH, New Zealand, Dec. 18, 2018 /PRNewswire/ -- ARANZ Medical Limited announces the closing of a NZ$5million equity financing.

Bruce Davey, ARANZ Medical CEO says, "I'm delighted to announce this investment in our company. Our imaging solutions help improve clinical outcomes for many people with chronic skin conditions, and we are dedicated to delighting our practitioners and patients with continuous improvements. The current financing will be used to deepen our sales and marketing activities in key markets, to further our product innovation, and to grow our IP portfolio. With this equity financing, the full NZ$2.9million of previously-placed debt financing converted to equity."

ARANZ Medical's Silhouette system automates the imaging, measurement and documentation of skin conditions, including chronic wounds. The Silhouette system eliminates operator variability and provides consistent and accurate data for easy analysis. Utilizing Silhouette in clinical practice, health care practitioners are able to rapidly assess longitudinal wound-healing, and to adjust therapy as needed. Used in clinical trials, broad sets of patient wound-healing data can be rapidly and accurately analyzed with the Silhouette system. Silhouette is used in more than 35 countries in both clinical research and clinical practice, with many healthcare providers now utilizing Silhouette in their telehealth services.

About ARANZ Medical

ARANZ Medical Limited is a global medical device company focused on commercializing innovative, proprietary medical image-capture devices and recording, reporting and analysis software. The company's systems are primarily used in the chronic wound market, and are well-suited to clinical trials and telemedicine applications. www.aranzmedical.com

FURTHER INFORMATION

Bruce Davey, CEO, ARANZ Medical
[email protected]
+64 21 556 763

SOURCE ARANZ Medical