Medirätt upping the pace and planning move to main market

July 4, 2018
C Talk with CEO, Carl Johan Merner, Medirätt

( click to play )

MediRätt has a cash position of SEK 50 million, is planning for a move to the main index and last week the company acquired Sensec Personlig Säkerhet, explains CEO Carl Johan Merner in today’s C Talk

The company

MediRätt was formed in 2008 by Göran Sjönell and Sten Röing. It floated on Aktietorget in 2011, now trades on Nasdaq First North Premier and has its sights set on moving to the main Nasdaq Small Cap index by late 2018/early 2019. Sensec Personlig Säkerhet was originally a business area within the Sensec Group that was publicly listed in 2017

The product

A subscription to the Dosell system comprises a device, an app and a cloud service that issues an alarm if the person concerned does not take their medication on time. Sensec has different types of alarms, including personal alarms, security alarms and fall alarms for the elderly

Sales

The acquisition of Sensec Personlig Säkerhet, which has contracts with 90 municipalities and experience of public procurement tendering, will help speed up the process of getting their product to market as soon as it is ready

The potential

The use of dosed drugs is increasing around the world as it is a secure way of distributing medication. The market potential for MediRätt in Sweden is around 300,000 people who take medication daily and would need the Dosell product. With regard to Sensec Personlig Säkerhet, there is significant need for their various alarm services

Share price

Listed on Nasdaq First North Premier under the ticker MEDR B and trading at 6,70 kr (20180703)

More information

If you want to know more about the company and receive up-to-date information on the companies being interviewed, contact us by email at info@corneliapr.com or by joining Facebook-group Global Investors VIP

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