MedicaMetrix Appoints Dr. Peter N. Madras as Director of Clinical Research

Dr. Madras brings distinctive medical and business leadership experience to MedicaMetrix

BOSTON, MASSACHUSETTS (October 23, 2020) (GLOBE NEWSWIRE) — MedicaMetrix, Inc., a leader in developing and marketing innovative medical devices and healthcare solutions, today announced the appointment of Dr. Peter N. Madras as Director of Clinical Research effective October 23, 2020.

Dr. Madras enjoyed a 30-year career as a transplant and vascular surgeon and associate professor of surgery at Harvard Medical School before joining the staff of Lahey Hospital 12 years ago. Before becoming a surgeon, Dr. Madras was the Medical Program director at the Avco Everett Laboratory which produced the Intra-Aortic Balloon pump, the first temporarily implantable cardiac assist device which is still in use for treatment of heart failure.

During his surgical career Dr. Madras consulted to a number of device companies and was Medical Director at Grace Biomedical working on biohybrid artificial organs. Upon retiring from the active practice of surgery Dr. Madras founded two companies; the Medical Record Bank, Inc. and Asentral IRB, Inc. He was also principal investigator on a number of NIH SBIR grants devoted to the goal of advancing surgery without blood loss. He was appointed by the State Governor to serve on the Massachusetts Board of Registration in Medicine for 6 years, chairing that group for 2 years and followed that with service for two terms (six years) on the National Board of Medical Examiners. He was tasked by Harvard Medical International to assemble and lead a team to write the Regulations for the Practice of Medicine for the Dubai Healthcare City.

Currently, Dr. Madras is part of the core Faculty at the Sloan School of Business of MIT and serves on the boards of a number of young or start-up companies. Dr. Madras has been a member of MDG for 4 years and became President of MDG 18 months ago.

“Peter brings his wealth of medical and business experience to lead our clinical research efforts,” stated Robert Rudelius, President and CEO of MedicaMetrix.
“Peter’s unique talents will not only drive our clinical research, but will help shape our future business strategy. We are delighted to welcome Peter to our executive team.”

About MedicaMetrix
MedicaMetrix develops innovative technologies and device solutions that transform the healthcare status quo, leading to better medical outcomes, streamlined care and enhanced patient experience.

We are leading the development of a new paradigm that transforms the diagnosis, treatment, and management of prostate health by filling the gap between PSA testing and imaging / biopsies. The ProstaMetrix system is a minimally invasive medical device designed to accurately measure the volume of the prostate gland early in the diagnostic process. ProstaMetrix helps physicians assess a patient’s prostate status to better plan and monitor diagnostic procedures, treatments, drug therapies, and guide recommendations for active surveillance versus prostate biopsies.

MedicaMetrix is planning to acquire and develop other new medical devices with the goal to bring them to market rapidly by leveraging our planned production facilities in the U.S. and India.

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This press release contains “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or predictions of future conditions, events, or results based on various assumptions and management’s estimates of trends and economic factors in the markets in which we are active, as well as our business plans. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “projects,” “forecasts,” “continue,” “may,” “should,” “will,” “goals,” and variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements may include, without limitation, statements related to the expected impact of COVID-19 on our business, statements regarding our growth, product development, product potential, financial performance, sales growth, product adoption, market awareness of our products, data validation, our assessment of our internal controls over financial reporting, our visibility at and sponsorship of conferences and educational events. The forward-looking statements are and will be subject to risks and uncertainties, which may cause actual results to differ materially from those expressed or implied in such
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