EANS-Adhoc: LifeWatch AG / Announces `NiteWatch´ Home Sleep Apnea Testing Service
Geschrieben am 28-07-2009 |   
 
  --------------------------------------------------------------------------------   ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide   distribution. The issuer is solely responsible for the content of this   announcement. --------------------------------------------------------------------------------
 
  New Products
  28.07.2009
  Neuhausen am Rheinfall /  Switzerland  and  Chicago  /  USA,  July   28,  2009  - LifeWatch  AG's  (SIX  Swiss  Exchange:  LIFE)  American subsidiary   LifeWatch Services, Inc., the leading provider of  wireless telemedicine  services  in  the U.S., is set to expand  into the  promising  sleep  apnea  home  sleep  testing market.
  LifeWatch,  the  leading  U.S.  provider  of  wireless  telemedicine  services, announces the expansion of its current remote medical  monitoring  services  with a sleep apnea home sleep testing  service. NiteWatch  which  will  be  launched during Q4 2009 to specific  customers,  with  an  expanded  roll-out  planned  in 2010.
  Sleep Apnea, which is characterized by the  temporary  suspension  of breathing during sleep for as much as 100 times a night, affects  approximately 38  million individuals in the U.S. Sleep apnea is  associated  with  an  increased  risk  of cardiovascular disease,  stroke, high blood pressure, arrhythmias, diabetes,  and serious  accidents due to fatigue and sleepiness.  Patients with untreated   sleep apnea have shown to incur double the healthcare costs of those  that  have  been diagnosed  and   treated.   Despite   its   high    prevalence   and   associated complications, less than 1 in 7  patients who suffer  from  sleep  apnea  in  the U.S. have been  diagnosed.
  Failure to diagnose sleep apnea is in part due to the fact  that  a   patient  is required to sleep in a strange and uncomfortable  environment at a sleep  lab  or clinic, while wearing an  apparatus   that  makes  the  act  of  sleeping  almost impossible.  Patients are further discouraged by  the  fact  that  sleep  clinic rooms  often   book  out  months  in  advance  due  to  the   increased   demand.  Alternatively,  home  sleep  testing  (HST)  solutions  are  emerging as   the appropriate diagnostic solution for more than 95% of sleep  apnea cases, as  they can be performed in the comfort of one's normal sleeping environment.  In  early 2009, Medicare issued a coverage  decision memo specific to HST for  sleep  apnea diagnosis after an  extensive review of clinical studies  conducted  to  validate the  utilization of home sleep testing (HST). The decision declared that  the  use of home sleep testing technologies  demonstrates  improved   health  outcomes  in Medicare beneficiaries  who  have  sleep  apnea  and  received  the  appropriate treatment, and that these tests are  thus reasonable and necessary.
  "The introduction of home sleep testing will  greatly  improve  the   quality  of life of the many patients who are reluctant to go to a  sleep lab",  stated  Alan Kadish, M.D. "By offering services in the  comfort of their home, these  patients are almost certain of   receiving  a  correct  diagnosis  which  can  be  treated  appropriately," he  added.  Dr.  Kadish  is  a  member  of   LifeWatch's  Medical Advisory Board is a fellow of both the American  College of  Cardiology  and the American Heart Association and Senior Associate Chief of Cardiology at Northwestern Memorial Hospital.
  Dr. Yacov Geva, Chairman and CEO of LifeWatch AG, stated,  "We  are   excited  to announce our first steps into the promising home sleep  testing market,  and  are confident that our NiteWatch service will  contribute  to  a  patient's  improved quality of life through  earlier and more  accurate  detection  that  allows  for more  appropriate treatment options".
  About LifeWatch AG
  LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on  SIX Swiss Exchange (LIFE), Switzerland, is the leading healthcare  technology and solution company, specializing in advanced telehealth  systems and wireless cardiac monitoring services. LifeWatch services  treat high-risk and chronically ill patients, health conscious  consumers and wellness programs. LifeWatch has subsidiaries in the  United States, the Netherlands, Japan, the United Kingdom,  Switzerland and Israel. LifeWatch AG is the parent company of  LifeWatch Services Inc., a leading US-based cardiac monitoring  service provider, and manufacturer of telecardiology products.  www.lifewatch.com
  Sign-up for customized e-mail alerts and documentation requests is  available at http://production.investis.com/lifewatch/alert-service/
  This press release includes forward-looking statements. All  statements other than statements of historical facts contained in  this press release, including statements regarding future results of  operations and financial position, business strategy and plans and  objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify  forward-looking statements. LifeWatch AG has based these forward  looking statements largely on current expectations and projections  about future events and financial trends that it believes may affect  the financial condition, results of operations, business strategy,  short term and long term business operations and objectives, and  financial needs. These forward-looking statements are subject to a  number of risks, uncertainties and assumptions. In light of these  risks, uncertainties and assumptions, the forward-looking events and  circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the  forward-looking statements. All forward-looking statements are based  only on data available to LifeWatch AG at the time of the issue of  this press release. LifeWatch AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
  THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF  AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR  PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS  PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES OR AN  INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH  AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE  SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN  REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE  OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S.  PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY  PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG  OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED  INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL  STATEMENTS OF THE ISSUER.
 
  -----------------------
  Press Release
 
  July 28, 2009
 
  end of announcement                               euro adhoc --------------------------------------------------------------------------------
 
  ots Originaltext: LifeWatch AG Im Internet recherchierbar: http://www.presseportal.de
  Further inquiry note:
  Kobi Ben Efraim, Chief Financial Officer, LifeWatch AG
  Tel +41 52 632 00 50 | Fax +41 52 632 00 51 | E-mail kobibe@lifewatch.com
 
 
  Europe
  Sensus Investor and Public Relations GmbH, Zürich:
  Tel +41 43 366 55 11 | Fax +41 43 366 55 12 | E-mail lifewatch@sensus.ch
 
 
  USA
  Westwicke Partners
  E-mail asher.dewhurst@westwicke.com
  Branche: Healthcare Providers ISIN:    CH0012815459 WKN:     1281545 Index:   SPI, SPIEX Börsen:  Frankfurt / Open Market / XETRA          SIX Swiss Exchange / Hauptsegment          Berlin / free trade 
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