July 29, 2016 4:37 PM ET

Healthcare Equipment and Supplies

Company Overview of Intelligent Hospital Systems, Inc.

Company Overview

Intelligent Hospital Systems, Inc., a medical device company, engages in the design and development of automated solutions for the hospital environment. It offers RIVA, an automated IV compounding system that prepares medications for syringes and IV bags for general hospital, chemotherapy, and pediatric markets in an aseptic environment. The company also provides support and installation services. Intelligent Hospital Systems, Inc. was founded in 2004 and is based in Winnipeg, Canada.

96 Nature Park Way

Winnipeg, MB R3P 0X8

Canada

Founded in 2004

Phone:

204-943-0066

Fax:

204-943-7646

Key Executives for Intelligent Hospital Systems, Inc.

Chief Executive Officer and President
Age: 67
Chief Financial Officer
Chief Operating Officer
Chief Technology Officer
Vice President of Human Resources
Compensation as of Fiscal Year 2016.

Intelligent Hospital Systems, Inc. Key Developments

ARxIUM Signs Agreements with Four Companies to Serve as Distributors of RIVA

ARxIUM reported that it has signed agreements with four companies to serve as exclusive distributors of its RIVA automated compounding system in the Asia-Pacific region. In a release, the Company noted that RIVA, a fully automated compounding system, prepares syringes and IV bags in an aseptic ISO Class 5 environment, which significantly enhances patient safety and increases pharmacy efficiency.

ARxIUM Selects Silver Wing Asia-Pacific International Medical Technology Company as Exclusive Distributor of Riva Automated Compounding System in Mainland China

ARxIUM announced Silver Wing Asia-Pacific International Medical Technology Company will serve as the exclusive distributor of RIVA technology in mainland China. Due to immediate demand with ARxIUM’s unmatched automated compounding technology, Silver Wing has ordered two RIVA systems for installation at Chinese hospitals. The company and its affiliates provide all aspects of logistics and storage automation solutions for hospitals in China. Silver Wing also develops guidance standards for refined hospital management and efficiencies, and customizable technology applications to increase productivity and workflow.

Australia Pharmaceutical Compounders Uses Intelligent Hospital Systems' RIVA Technology to Produce Patient Chemotherapy Doses

Intelligent Hospital Systems announced the Australian Therapeutic Goods Administration (TGA), that nation's equivalent of the U.S. Food and Drug Administration, has approved a workflow process in which one of Australia's pharmaceutical compounders will use RIVA technology to produce patient chemotherapy doses. This is the first time the TGA has approved a drug compounding process that includes a fully automated IV compounding system in a Current Good Manufacturing Practice (cGMP) facility. The TGA is part of the Australian government's Department of Health and responsible for regulating therapeutic goods including prescription medicines and devices, among other things. IH Systems and the compounder worked together extensively on the necessary validation of the RIVA Chemotherapy system to demonstrate the technology and processes meet TGA's stringent requirements. With TGA's approval, the system is now in production manufacturing doses for Australia and New Zealand.

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Recent Private Companies Transactions

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