richard murray md

Avisa Diagnostics Appoints Dr. Richard Murray as Chief Medical Officer

Avisa Diagnostics Inc. (CSE:AVBT) (Avisa), a clinical-stage medical device company developing an ultra-rapid, point-of-care biomarker breath test for the detection and monitoring of virulent bacterial lung infections, is pleased to announce that the Company has hired Richard K. Murray, M.D., to the newly created position of Chief Medical Officer (CMO).

Dr. Murray has over 25 years of industry experience. He worked at Merck & Co. for many years in positions of increasing responsibility, in a variety of business, medical and scientific areas. His most recent position was Vice President and Deputy Chief Patient Officer. Dr. Murray was also a Fellow at the Advanced Leadership Initiative at Harvard University. He has managed all areas of medical affairs, including outcomes research, medical information, professional and academic affairs, field-based medical physicians, and investigator-initiated trials globally. Prior to his industry career, he was a practicing physician in cardiovascular-pulmonary medicine and an asthma researcher at the Hospital of the University of Pennsylvania. Dr. Murray has an M.D. from Howard University and an M.A. in Chemistry and A.B. in Psychology from Clark University. Dr. Murray currently is Board Chair of the Asthma and Allergy Foundation of America.

David S. Joseph, President and Chief Executive Officer of Avisa, said: "We are thrilled to have Richard join our team. He is a highly accomplished leader who brings a wealth of expertise to Avisa. He is a change driver who has led teams and major initiatives in a wide range of areas. His broad experience engaging hospitals and patients and managing client-facing teams and external relationships will be invaluable to Avisa as we advance development of the Avisa BreathTest™."

Dr. Richard K. Murray, Chief Medical Officer of Avisa, added: "I am excited to join the Avisa team at this critical stage in the company's development. Throughout my career, I have focused on addressing patient needs by listening to the patient and working with internal and external teams to find innovative solutions to optimize care. I believe that the Avisa BreathTest has the possibility of bringing better treatment to patients by identifying pathogens early so appropriate antibiotics can be given and by monitoring to ensure that patients get treated quickly to avoid a worsening of their disease. These efforts align very well with the critically important goal of antimicrobial stewardship."

About Avisa Diagnostics Inc.

Avisa (CSE:AVBT) is a clinical-stage medical device company developing the Avisa BreathTest™ (ABT), a novel drug/device biomarker technology platform that enables the ultra-rapid detection of virulent bacterial pathogens, detecting and monitoring bacterial load after the patient inhales or ingests its proprietary drug substrates. The Company has established clinical proof-of-concept through trials in cystic fibrosis, tuberculosis and community-acquired pneumonia, which demonstrated positive safety and clinical efficacy results. Avisa is planning pivotal trials in Post-COVID-19 bronchiectasis and ventilator-associated pneumonia and plans to submit an Investigational Device Exemption application to the U.S. FDA for the first pivotal trial next year. For further information, visit and follow us on LinkedIn and Twitter .

Avisa Diagnostics Inc.
David S. Joseph
President and Chief Executive Officer
Phone: +1 610 947 0360

Investors and Media Contacts
MC Services AG
Laurie Doyle, Raimund Gabriel
Europe: +49 89-210 2280   U.S.: +1-339-832-0752

Forward-looking Statements

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes, but is not limited to, statements about the business plans and expectations of the Company and expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward- looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Resulting Issuer. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: (i) changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws and regulations both locally and in foreign jurisdictions; (ii) compliance with extensive government regulation and the costs associated with compliance; (iii) the risks and uncertainties associated with foreign markets; and (iv) risks associated with the COVID-19 pandemic. This forward-looking information may be affected by risks and uncertainties in the business of the Resulting Issuer and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, nor assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)

Bausch Health's Bausch + Lomb Announces Completion of the Acquisition of XIIDRA

Bausch + Lomb Corporation ("Bausch + Lomb") (NYSETSX:BLCO), a subsidiary of Bausch Health Companies Inc. (the "Company" or "Bausch Health") (NYSETSX:BHC), today announced it has completed its acquisition of XIIDRA® (lifitegrast ophthalmic solution) 5%, a non-steroid eye drop specifically approved to treat the signs and symptoms of dry eye disease focusing on inflammation associated with dry eye, and certain other ophthalmology assets

Under the terms of the agreement, Bausch + Lomb, through an affiliate, acquired XIIDRA® and the other ophthalmology assets from Novartis for up to $2.5 billion, including an upfront payment of $1.75 billion in cash with potential milestone obligations of up to $750 million based on sales thresholds and pipeline commercialization. Bausch + Lomb also acquired the sales force supporting XIIDRA®. Bausch + Lomb funded the acquisition with the previously announced offering of $1.4 billion aggregate principal amount of 8.375% senior secured notes due 2028 ("Notes") and $500 million of new term B loans under an incremental term loan facility ("Term Loan Facility"). The issuance of the Notes and the closing of the Term Loan Facility occurred substantially concurrently with the closing of the acquisition.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ocumetics Technology

Ocumetics Technology

Keep reading...Show less

League of United Latin American Citizens Joins OraPharma in the Fight Against Gum Disease

Partnership Aims to Educate Hispanic Communities About the Signs, Symptoms, and Prevalence of Gum Disease

Collaboration Launches During Hispanic Heritage Month With Activations Featuring Patient Ambassador Alex Rodriguez

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Medtronic Diabetes announces CE Mark for new Simplera CGM with disposable all-in-one design

The company's newest Simplera™ CGM is 50% smaller than its previous generation with a simple insertion and improved user experience

Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced CE (Conformité Européenne) Mark approval for its new all-in-one, disposable Simplera™ continuous glucose monitor (CGM) featuring a simple, two-step insertion process. The company's newest no-fingerstick sensor does not require over tape and is seamlessly integrated with the InPen™ smart insulin pen, which provides real-time, personalized dosing guidance to help simplify diabetes management. Medtronic will begin a phased launch at the European Association for the Study of Diabetes (EASD) 59th Annual Meeting in Hamburg, Germany on Oct. 2-6, 2023 .

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
closeup of stethoscope

What Do Medical Device Companies Do? (Updated 2023)

Medical device companies play a vital role in the life science industry by developing new technologies to match unmet medical needs across both established and emerging healthcare markets.

The growing prevalence of chronic diseases such as cancer and diabetes is the driving force behind increasing innovation in medical technology, from surgical instruments and orthopedics to diagnostics and medical imaging.

In 2022, 41 new medical devices were approved by the US Food and Drug Administration (FDA), a big jump from the 28 approved in 2021. The agency attributed 2021's low numbers to employee burnout and a strain on resources after a hectic 2020 responding to the COVID-19 pandemic. 2023 is shaping up to be another good year for medical device approvals, with 35 already in the books as of mid-September. However, the final tally is not expected to reach the 63 approvals set in 2020.

Keep reading...Show less

Latest Press Releases

Related News