Avalon GloboCare Extends Exclusivity Agreement To Distribute KetoAir Breathalyzer Device And AI-Enabled Software In North America, South America, United Kingdom And European Union
Portfolio Pulse from Benzinga Newsdesk
Avalon GloboCare Corp. (NASDAQ:ALBT) has extended its exclusive distribution agreement with Qi Diagnostics to distribute the KetoAir breathalyzer device and AI-enabled software in North America, South America, the UK, and the EU. The KetoAir device, registered with the FDA, integrates nanosensor technology and AI to monitor ketogenic health, offering personalized nutrition and exercise advice. Avalon targets the diabetes and obesity management markets, with a soft launch in 2024 and a full-scale launch in 2025.
March 28, 2024 | 1:02 pm
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Avalon GloboCare extends its exclusive distribution agreement for KetoAir, targeting the diabetes and obesity markets with a launch in 2024/2025.
The extension of the exclusive distribution agreement for KetoAir positions Avalon GloboCare in a unique spot within the health and wellness sector, particularly in the growing markets of diabetes and obesity management. The innovative nature of the KetoAir device, being the first AI-enabled breathalyzer for ketogenic health, along with the planned launches, could significantly enhance Avalon's market presence and potentially its stock value in the short term. The focus on a health-conscious consumer base and the strategic targeting of prevalent health issues like diabetes and obesity underscore the potential for increased demand and visibility for Avalon's offerings.
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IMPORTANCE 85
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