Sky Labs Partners with Otsuka for Advanced Blood Pressure Monitoring
- Secures distribution agreement to launch CART BP pro in the Japanese hospital and clinic market
- Leveraging proven technology with adoptions in 1,700+ medical institutions and national health insurance coverage in Korea
Sky Labs Inc. has proudly announced an exclusive distribution agreement with Otsuka Pharmaceutical Co., Ltd. for its innovative ring-type blood pressure monitor, CART BP pro, specifically targeting the Japanese healthcare market.
This significant partnership builds upon prior discussions that began with a memorandum of understanding signed between Sky Labs and Otsuka's Korean branch, setting the stage for a fruitful collaboration. By leveraging its technology, Sky Labs aims to bridge the gap between local advancements and global healthcare needs, showcasing a successful model for innovation through international partnership.
Otsuka has earned its reputation as a global pharmaceutical leader, known for offering a diverse range of medical solutions worldwide. This firm foothold in Japan's healthcare landscape positions both companies to elevate blood pressure management, reaching patients in various hospital and clinic settings.
Japan faces a challenging healthcare situation, with around 43 million individuals dealing with hypertension. Alarmingly, nearly 29% of patients struggle with blood pressure control even while undergoing treatment, and an estimated one-third remain unaware of their health condition. In light of these statistics, the clinical relevance of continuous 24-hour blood pressure monitoring has never been more critical. CART BP pro stands to bring substantial improvements to hypertension management in Japan, facilitating better diagnosis, treatment strategies, and assessment of health outcomes.
In Korea, CART BP pro has proven its effectiveness, receiving medical device approval and national health insurance coverage within a year of its launch. The device is currently utilized in over 1,700 medical facilities, indicating a robust demand supported by over 150,000 prescriptions in just its first year. This success lends great credibility to the exclusive distribution agreement with Otsuka.
Contrasting with traditional blood pressure monitors that utilize uncomfortable inflatable cuffs, CART BP pro employs advanced photoplethysmography (PPG) technology, allowing for cuff-free measurement. This innovative approach enables patients to monitor their blood pressure comfortably during daily activities and sleep, providing healthcare professionals with reliable data to inform treatment plans.
Jack Byunghwan Lee, CEO of Sky Labs, expressed optimism regarding the company's trajectory, stating, "As we enter the Japanese market, we aim to continue validating our state-of-the-art monitoring technology on a global scale and assert our leadership in blood pressure monitoring solutions worldwide."
About Sky Labs
Founded in 2015, Sky Labs is a pioneering healthcare company developing the CART platform, focused on chronic disease monitoring. After seeing success with the initial CART device for atrial fibrillation in 2020, the company's offerings expanded to include CART BP pro for 24-hour blood pressure monitoring. Recognized for its exceptional technology, CART BP pro gained insurance approval and is widely prescribed in Korean hospitals today.
About Otsuka
Otsuka Pharmaceutical Co., Ltd. is dedicated to crafting healthcare solutions that support individual health and well-being. With a commitment to scientifically-supported health products, Otsuka prides itself on its ethos: Otsuka-people creating new products for better health worldwide.
SOURCE Sky Labs
Frequently Asked Questions
What is the CART BP pro?
CART BP pro is an innovative ring-type blood pressure monitor that uses advanced technology to measure blood pressure without the need for traditional cuffs, enhancing patient comfort.
Who is partnering with Sky Labs for distribution in Japan?
Sky Labs has entered into an exclusive distribution agreement with Otsuka Pharmaceutical Co., Ltd. to introduce CART BP pro in the Japanese market.
What is the significance of this partnership?
This partnership allows Sky Labs to leverage Otsuka's established presence and extensive distribution network in Japan, making it easier to reach patients and healthcare providers.
How does CART BP pro benefit patients?
By using photoplethysmography technology, CART BP pro enables patients to monitor their blood pressure comfortably, which can lead to better health outcomes and treatment strategies.
What is the current status of CART BP pro in Korea?
The device is widely used in over 1,700 medical institutions across Korea and has gained substantial recognition, further enhancing its credibility for its launch in Japan.
