ABS is Making Noise in Asia
We’ve recently begun the next phase of our ongoing growth strategy that will focus on developing plans for the Asian market. CEO Charles Laverty kicked off this next phase with his recent trip to China. He met with both medical experts and potential investment partners. The trip was a major success.
Cardiovascular illness is the leading cause of death globally and nowhere is this more evident than in Asia. The Western world had long been considered to have the highest incidents of death from heart disease, but that’s simply no longer true.
1 Out Of 5
In China 1 out of every 5 adults has some form of cardiovascular related illness and those numbers are climbing. It’s part of the global pandemic that’s cutting far too many lives short long before their time. A combination of lifestyle changes and improved medical treatments are needed to curve this problem.
While our initial focus in Asia has been on its largest market in China, this is just phase one of our plans to actively seek partnerships in the Asian market. Cardiovascular disease is a problem that the entire region is struggling to cope with. In Japan for example, the number of people suffering from hypertension is increasing steadily.
Raising Additional Funds in the Asian Market
New approaches are necessary and ABS’s innovative stenting system is a prime example. Our method allows for the placement of stents in both the mother and daughter arteries of a bifurcating lesion at the same time. The procedure is simpler, less time consuming, and more affordable than anything being used today.
In the coming months, we expect to begin the application to the FDA and other regulatory bodies. In turn, we’ll continue to seek out new partners in Asia and around the globe. Our CEO and board have set a goal of raising an additional $20 million in investment to fund this growth and feels like ABS has huge potential.
Charles Laverty’s trip to China may have started the ball rolling, but it is one more exciting stage in the growth of ABS. The next few months will be an opportunity to continue that momentum and seek out new opportunities.