Feedback plc
New tuberculosis partnership in India
· Partnership focused on delivering CSR and donor funded screening projects
· Aim to develop a digital model that is able to scale at pace
Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the clinical infrastructure specialist, announces a new partnership with the HEAL Foundation in India, to deliver community based TB screening projects, funded initially by third-party donors, to support the government's goal of eradicating tuberculosis ("TB") by 2025.
With the Company's unique field-based diagnostic and pathway capabilities and HEAL Foundation's pioneering on-the ground approach, the aim is to bring a 21st century screening service to every community in India, even to the most remote of communities. The focus of this partnership is to develop and drive a digital model, that is able to scale at pace, and build the case for increasing the role of technology to deliver TB screening in India, which has a population of over one billion. This will likely initially be in the form of part-funded pilot studies, which the Company anticipates would cover its core project costs, to validate the digital model ahead of commercial contracts.
Feedback is aiming to provide India with a digital first screening model that harnesses the speed and accuracy of X-ray imaging, supported by AI diagnostics. Effective screening requires asymptomatic cases in all areas of society, and we believe the only way to deliver this is via X-ray imaging performed right in the heart of the community.
HEAL Foundation, as a non-governmental organisation ("NGO") will be the contracting entity with the donor organisations to receive funds. The partnership envisages that HEAL Foundation will provide project management and on-the-ground delivery of the TB screening projects - with Feedback, through its local subsidiary Feedback Medical India PVT Ltd, being the end-to-end technology partner (including selection and appointment of an AI provider, where appropriate) for TB screening and referral pathways.
HEAL Foundation is a not-for-profit organisation registered under the Indian Trust Act. As a trust, it aims to engage key stakeholders of the healthcare industry in India.
Rohit Singh, Managing Director of Feedback Medical India PVT Ltd said: "It is clear that TB screening needs a new model - and the only approach is a digitally enabled service, ideally with a digital front door and Bleepa is that enabler.
"We look forward to working with HEAL Foundation and in time believe we can adapt the screening model and together build a business case for increasing the role of technology in future projects. It is essential that we can demonstrate the benefits around delivery and scalability in order to help donors understand that technology is a critical component for delivering social impact in this space.
"We are extremely excited by this partnership - with World TB Day yesterday, further raising public awareness about the devastating health, social and economic consequences of TB, we very much hope to be part of the solution in India."
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Enquiries:
| Feedback plc Tom Oakley, CEO Anesh Patel, CFO | +44 (0) 20 3997 7634 |
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| Panmure Gordon (UK) Limited (NOMAD and Broker) Emma Earl/Freddy Crossley (Corporate Finance) Rupert Dearden (Corporate Broking) | +44 (0)20 7886 2500 |
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| Walbrook PR Ltd; | Tel: 020 7933 8780 or feedbackplc@walbrookpr.com |
| Nick Rome/Joe Walker | 07748 325 236 or 07407 020 470 |
About Feedback
Feedback plc helps clinical teams to make better decisions faster for patients. We design products that enhance clinician access to patient data and to their colleagues. Our unique approach centres around individual patient episodes, into which we pull relevant clinical data from hospital systems and around which we build remote clinical teams for collaboration. As a result, we produce a digital infrastructure that makes patient data available to clinicians in multiple settings, in a format that enables them to meaningfully interact with it, providing flexibility to clinicians and free movement of patients between provider settings - clinicians can practice from anywhere and patients can attend any care provider for treatment.
Our products Bleepa and CareLocker work together to deliver unparalleled value to our customers. Bleepa is our application layer and sits on top of CareLocker as our data layer. Bleepa is a clinician facing platform that displays clinical results from a patient's CareLocker at a certified and regulated quality, that is suitable for clinical use and enables dialogue on a patient-by-patient basis with colleagues through a secure, auditable chat interface that links back to the patient medical record. The CareLocker data storage model is built around the patient. Our vision is one where relevant clinical data is always available to the patient as well as to any care setting that they may attend - a federated data architecture with the patient as the tenant.
The Company has a number of growth opportunities domestically and internationally across a range of markets including the NHS, the veterinary market and private healthcare providers and its highly scalable Software as a Service ("SaaS")-based model is expected to provide increasing levels of revenue visibility as the Company grows its customer base.
About HEAL Foundation
HEAL Foundation is a not-for-profit organisation registered under the Indian Trust Act. As a trust, it aims to engage key stakeholders of the healthcare industry in India.
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