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Biostock: The market in Saudi Arabia opens up for Chordate

Biostock writes in a new article about Chordate’s latest order for the rhinitis treatment from the private healthcare company Nahdi Care Clinics in Saudi Arabia, the country’s favourable insurance system, and Chordate’s work to obtain market authorisation for Chordate’s migraine treatment.

“In the long run, getting insurance reimbursement in place is crucial for a sustainable business in most of the markets we focus on. We are working tactically to get so-called treatment codes in place, both on the private and the public side. However, the structures and decision-making paths are radically different in different markets”, says Anders Weilandt, Chordate CEO, to Biostock.

Read the article here

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Chordate Medical Holding AB (publ) is a medical technology company that has developed, patented and CE-marked Ozilia®, a neuromodulation and drug-free treatment technology for chronic migraine and chronic rhinitis. The treatment has clinically proven efficacy according to a recent study, and is marketed in selected markets in the EU and the Middle East. Chordate Medical is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). 

The company’s Certified Adviser on Nasdaq First North Growth Market Stockholm is Vator Securities AB.

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Chordate Medical AB

c/o Regus, Kistagången 20B
SE-164 40 Kista
Sweden

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