Zomedica aims to take pet monitoring technology to the “next level”
The veterinary company has invested $1 million (€930.000) in VetGuardian.
Michigan-based Zomedica has announced it has purchased a stake in Structured Monitoring Products (SMP), makers of the VetGuardian wireless remote pet monitoring platform.
“This investment is part of Zomedica’s ongoing commitment to working with partners across the veterinary industry in flexible ways to bring innovative products that provide clinical value to market”, claims VP of Business Development Greg Blair.
Blair further noted that this “strategic” investment will “accelerate the development and commercialization” of VetGuardian product portfolio.
Under the terms of the agreement, he will become a member of SMP’s Board of Directors. The veterinary health company will also have the option to acquire the VetGuardian product line for use in animal health. Both options are, however, subject to certain conditions, including the negotiation and execution of mutually acceptable agreements.
Created in 2015, the VetGuardian platform seeks to improve the quality of care for pets during recovery from surgery, including for those staying in the clinic overnight. The wireless technology provides real-time remote monitoring of the pet’s vital signs with the ability to alert staff if they exceed preset ranges.