Cardiac technology company HeartBeam (NASDAQ:BEAT) has expanded its product pipeline in the cardiac device wearable technology market by bringing smartwatch connectivity for a 24/7 heart monitoring solution.
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The move allows HeartBeam to add arrhythmia detection to its expertise.
The Founder and CEO of the company Branisllav Vajdic, Ph.D., commented, “Adding smartwatch connectivity to our platform is a significant development as it extends our portfolio by enabling 24/7 heart monitoring capability. Coupled with our breakthrough AIMIGo solution, we believe the overall HeartBeam system will bring a new and much higher level of diagnostic capability to cardiac patients.”
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BEAT stock has climbed a whopping 353% over the past month and the Street sees a further 109.06% potential upside in the stock based on a $12 price target and a Moderate Buy consensus rating.
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