Dallas, Texas 01/23/2014 (FINANCIALSTRENDS) – The small capped medical equipment and appliances manufacturer Dehaier Medical Systems Ltd (NASDAQ:DHRM) has been posted 40 percent gains at the stock market during trading in the past one month. This huge increase in the investor confidence in the stock has been scripted on the back of its announcement in early December that it has received formal approval from Chinese State Food and Drug Administration (which is FDA counterpart in China) for its upgraded “Sleep Diagnostic Device” code named DHR998. With this latest addition to its already existing sleep related diagnostic and treatment devices, the medical applications maker boasts of an end to end solution for identifying and treating lifestyle ailments like “sleep diagnosis, sleep apnea treatment and CPAP treatment evaluation”. The DHR998 product is expected to hit the medical stores by mid 2014.
Highlighting the huge potential of this new diagnostic device, Dehaier Medical Systems Ltd (NASDAQ:DHRM) President and Chief Executive Officer Mr. Chen has been quoted as saying, “The new generation Morpheus Ox is a comprehensive platform that manages a cost-effective sleep services operation, including patient electronic medical records, cardiac and sleep diagnostics outcomes and complete workflow management. The web-based automatic scoring and data management quickly gives users valuable clinical information to improve patient treatment. We will start advertising and selling these products in the first quarter of 2014.”
This new device is an upgraded version of its previously hot selling device which was extensively used by medical professionals to efficiently diagnose and monitor sleep related ailments. The latest version is designed to precisely analyse for five variables of “PPG (plethysmograph), oxygen saturation, heart rate, snoring and body position” before providing the report. The new device is also uploaded with newly designed scoring software called Morpheus Ox System which analyses all data from all the five variables before generating a medically reliable diagnosis of the sleeping ailments like “Apnea Hypopnea Index (AHI), sleep/wake time, and Cheyne-Stokes breathing patterns.”