Galileo Life Sciences Inc. (OTC: MDRM) Q2 2021 Provides Progress with Telehealth
18 June 2021 - 12:22AM
InvestorsHub NewsWire
Galileo Life
Sciences Inc. (OTC:
MDRM)
Q2 2021 Provides
Progress with
Telehealth
Formerly
Known
as
"Modern Mobility Aids Inc"
Toronto,
Ontario, Canada -- June 17, 2021 -- InvestorsHub NewsWire
--
Innovations
in Telehealth Technological have gifted healthcare providers with
superior technology,
allowing them to diagnose, treat and monitor the state of their
patients with greater efficiency.
It is these innovations that spur growth in the global
telemedicine
market. As a result
of the
COVID-19, many healthcare providers and patients have had a dire
need for telehealth technology,
and
these
technologies
have
become
more
accepted
and
integrated
into
healthcare.
Video conferencing
- the key tool in most of the telehealth technologies - limits the
ability of the physicians to check
the patients' vitals, and therefore the physician has no option but
to rely on the patients
input. Galileo Life
Sciences, through its partnerships with
various technology organizations, has
established a unique platform that is connected with medical
devices which enable
physicians
to check
patients'
vitals
in
real
time, without
affecting
quality of
care.
The Medical
Director for Galileo Life Sciences,
Gilbert Sharpe, has stated: "I
strongly believe that establishing a
chain of virtual clinics as the backbone of our offering, will
uniquely position Galileo as a
full-service telehealth Company. We are able to offer patients the
option to seek
treatment via a
video call, attend a virtual clinic for a more thorough
examination, or request a house call by one
of our nurse practitioners who will bring the doctor to you via our
home care devices. The
clinics which will be located in pharmacies or near pharmacies
thus providing a patient
a
one stop
doctor's visit and
get the prescription filled."
In addition
to it's
efforts
in Ontario, Galileo believes a robust market for telehealth
exists globally and is in
advanced discussions with organization in India,
Pakistan, and Colombia to
establish
clinics.
Further details
about
these
agreements will follow
come
July.
Global
Telehealth Market:
According to a new
report by Grand View Research, the global telemedicine
market is set to reach
USD
298.9 billion by
2028,
with an
expected
CAGR
of
22.4% from
2021
to 2028.
The main drivers of
this market are the rising cases of chronic illness and the rising
need for self-care.
Many
of
the
costs
involved
in
this market
will
be
alleviated
by
evolving
internet
applications, virtual healthcare and a need for
centralization of
healthcare. Lower costs incurred is
a
major predictor
of
success in any
market.
About
Galileo Life Sciences,
Inc.
Galileo Life
Sciences, Inc., is a company strategically focused on the
telehealth and telemedicine industry
and
is
planning
to
offer
services
on
a
global
scale.
The
company
is
dedicated
to
offering the most
robust telehealth platform incorporating AI and
IOT
so that anyone can get access to quality
healthcare regardless of location and financial status. The company
is committed to
providing healthcare to those who cannot afford it. The Galileo
Smart Clinics with integrated medical
devices make this company unique, separate
from the rest in the field. With Galileo Life
Sciences, physicians can get direct access to the patient's vitals
and examine the patient
in
real-time without
affecting the
quality
of
care.
Forward-looking Statements
This press release
may contain information
that may constitute "forward-looking information"
or
"forward-looking statements" within the meaning of applicable
Canadian and U.S. securities laws (collectively,
"Forward-looking Statements"). All information contained herein
that is not
clearly
historical in nature may constitute Forward-looking Statements. In
some cases, Forward-looking Statements
can be identified by the use of forward-looking terminology such as
"may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these
terms, or other similar expressions intended to
identify
Forward-looking Statements. There
are no guarantees or assurances that expansion in leadership will
result in the hopes the company
has mentioned here. Any investment made into Modern Mobility Aids,
Inc., would be classified
as speculative and risky. Such risks and
uncertainties include, but are not limited
to:
market
conditions, general acceptance of the company's products and
technologies, competitive
factors, the ability to successfully complete additional or
adequate financing, government
approvals
or
changes
to
proposed
laws,
and
other
risks
and
uncertainties
further
stated in the
company's financial reports and filings. Any Forward-looking
Statement included in this press
release is
made
as of
the date of this
press
release and, except
as
required by
law, Galileo Life
Sciences Inc.
and
Modern Mobility Aids Inc. disclaim any obligation to update
or
revise any Forward-looking Statement. Readers are cautioned not to
put undue reliance on any
Forward-looking
Statement.
For
further information,
please
contact:
Tito
DiMarco
President, Galileo
Life Sciences Inc. tdimarco@mdrminc.com
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