Biotricity CEO Waqaas Al-Siddiq in Live Interview on FOX Business Network
Wearable Expert to Discuss Economic Impact on U.S. Medical Device Companies on Wednesday, September 11 at 3:15pm
REDWOOD CITY, Calif., Sept. 10, 2019 (GLOBE NEWSWIRE) -- (OTCQB: ), today announced that its CEO and Founder Waqaas Al-Siddiq will be on The Claman Countdown airing on Fox Business Network (FBN) on Wednesday, September 11th at 3:15 PM EDT. Mr. Al-Siddiq will discuss the current economic climate and how the Chinese tariff affects small and growing medical device companies, and ultimately, US patients. He will also discuss Biotricity’s focus on innovation in the remote patient monitoring space, and the company’s aim to create better access to accurate, high quality healthcare.
Watch here:
In 2017, the most recent year for which specific medical technology imports statistics are available, U.S, imports from China were worth around , while exports to China have grown every year and exceeded $4.7bn. The U.S. raised its Chinese tariff to 25 percent in May 2019. The list of products affected by the 25 percent tariff includes imaging equipment, diagnostic reagents used in X-ray examinations and dental drills. The tariffs also impact metal alloys such as aluminum and steel, which are used in the manufacturing of many medical devices. Medical device manufacturers can currently apply for individual exemptions to the tariffs, but the outlook is mixed as the USTR has already rejected requests from medtech giants like GE Healthcare and Fujifilm Medical Systems.
“Biotricity continues to facilitate the development of future medical devices that are easy to utilize in either the physician’s office or the patient’s home, and in acute-care settings,” said Mr. Al-Siddiq. “These medical-grade devices are comfortable, small, and unlike consumer devices can offer precise remote data collection and more responsive care. In the coming year, we will continue to evolve, innovate and adapt our technology for a wide range of medical applications.”
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About Fox Business Network
As of April 2019, Fox Business Network is the on television for the 10th consecutive quarter, according to Nielsen Media Research. Once again overtaking CNBC, FBN’s Business Day program averaged 189,000 total viewers, outpacing the competition as ongoing international trade discussions dominated the news cycle.
About Biotricity Inc.
Biotricity is a modern medical technology company focused on delivering innovative, remote biometric monitoring solutions to the medical and consumer markets, including diagnostic and post-diagnostic solutions for chronic conditions and lifestyle improvement. Biotricity’s R&D continues to focus on the preventative healthcare market, with a vision of putting health management into the hands of the individual. The company aims to support the self-management of critical and chronic conditions with the use of innovative solutions to ease the growing burden on the healthcare system. To learn more, visit
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