Signifier Medical Technologies appoints Jim Hinrichs, former CFO and Director of CareFusion and Alere, to its Board – PRNewswire

BOSTON and LONDON, Nov. 12, 2020 /PRNewswire/ -- Signifier Medical Technologies ("Signifier" or the "Company"), an innovator in the sleep-disordered breathing market, is pleased to announce the appointment of Jim Hinrichs to the Board of the Company. He joins existing Directors Kieran Gallahue (Chairman), Akhil Tripathi (CEO), Steffen Kastner and Robert Sullivan.

Jim has 30 years of financial leadership experience in large and small organizations within the healthcare industry. Prior to his current board roles, Jim served as Chief Financial Officer (CFO) of multiple companies. These included Alere Inc, a publicly traded diagnostic company, until its sale to Abbott Labs for approximately $8 billion; CareFusion Corporation, a publicly traded medical technology company, until its sale to Becton Dickinson for approximately $12 billion; Sangstat Medical, a publicly traded biotechnology company; and Cibus, a startup gene-editing company focused on the agriculture markets.

He previously served at Cardinal Health in various financial leadership positions having joined the company following more than a decade of finance and marketing roles at Merck & Co.

Jim currently serves as a Director and Chair of the Audit Committee at Orthofix Inc. (OFIX), Director and Chair of the Compensation Committee at Integer Holdings (ITGR), Lead independent director and Chair of the Audit Committee at Acutus Medical (AFIB), and Director and Chair of the Audit Committee at Outset Medical (OM).

Akhil Tripathi, CEO of Signifier, commented: "I am delighted to welcome Jim to the Board of Signifier. He brings tremendous industry experience and well-proven financial leadership and governance skills that will be invaluable in supporting the senior management team as we move to commercialize eXciteOSA for mild sleep apnea and snoring."

Jim Hinrichs added: "Signifier Medical is poised to begin a phase of rapid expansion and growth with the potential to revolutionize treatment for patients with sleep-disordered breathing. I am excited to be working with the company at this pivotal stage and look forward to bringing my skills and experience to complement those of the existing Board."

Mr. Hinrichs's appointment follows the recent expansion of Signifier's senior management team. In September, Signifier announced the appointment of Philip Hess, former President and CEO of Bose Corporation, as Chief Operating Officer based in Boston, USA, where Signifier is establishing its US operations. In October, Travis Nieman was appointed as Managing Director International, joining the company from Stryker Corporation.

Notes to Editors

About Signifier Medical Technologies

Signifier Medical Technologies is a medical technology company focused on the development and commercialization of innovative and non-invasive solutions for patients with sleep-disordered breathing conditions and snoring.

Signifier's proprietary therapy eXciteOSA is the first and only daytime genioglossal (tongue) muscle-neurostimulation technology for mild obstructive sleep apnea and snoring, supported by clinical data from prestigious and well-recognized universities and academic institutions, that provides a safe and effective treatment for its patients.1-3

For more information, please visit http://www.signifiermedical.com.

References

1. Wessolleck E, Bernd E, Dockter S, et al. Intraoral electrical muscle stimulation in the treatment of snoring. Somnologie (Berl). 2018; 22 (Suppl 2): 4752.

2. Sama A, et al. Daytime Intraoral Neurostimulation with Snoozeal for Treatment of Snoring and Mild Sleep Apnea. CHEST Annual Meeting Notes. 2018.

3. Clinical study of 115 patients with snoring or mild OSA (Apnea-Hypopnea Index (AHI<15)). Objective snoring and respiratory parameters were recorded with 2 consecutive WatchPat night sleep studies before and after the use of the device. An intra-oral tongue stimulator device was used for 20mins, once a day for a 6 week period.

For more information, please contact: Signifier Medical Email: [emailprotected] Tel: +44 (0)20 7096 0586

Citigate Dewe Rogerson Frazer Hall/Mark Swallow Email: [emailprotected] Tel: +44 (0)20 7638 9571

SOURCE Signifier Medical Technologies

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Signifier Medical Technologies appoints Jim Hinrichs, former CFO and Director of CareFusion and Alere, to its Board - PRNewswire