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Contract Awarded for Products that Bring Improvement to the Health Care Industry

PITTSBURGH, Sept. 29, 2022 /PRNewswire/ -- MolecuLight Corp., the leader in point-of-care fluorescence imaging for the real-time detection of bacteria in wounds, announces it has been awarded a new group purchasing agreement with AllSpire Health GPO, a Mid-Atlantic GPO and a partner of HealthTrust Purchasing Group, engaged with over fifty hospitals in Maryland, New Jersey and Pennsylvania. AllSpire helps health systems optimize their operations by aggregating purchasing volumes, expenses, streamlining supplier negotiations and implementing efficiencies across the supply chain. The MolecuLight i:X® and DX™ wound imaging devices, which will now be available to AllSpire's members, are helping clinicians to improve the state of wound care and ultimately to improve outcomes.

The MolecuLight imaging devices are the only FDA-approved devices that allow clinicians to visualize the presence, location, and load of bacteria (>10⁴ CFU/g) in wounds in real-time. Published results from a recent 350-patient, 14-site clinical trial showed that the clinical standard of care alone detected 15% of wounds with elevated bacterial burden, while the addition of the MolecuLight device led to a 400% improvement in detecting these wounds². The presence of elevated bacterial loads is known to impede wound healing¹ and removal of bioburden is critical to improved wound outcomes¹. The i:X and DX provide invaluable bacterial information at the point-of-care to inform clinical decision-making and enable targeted wound therapies. In a 2022 randomized controlled trial (RCT) ³, the highest level of evidence-based research, the improvement in healing rate at 12 weeks doubled in the patients that had care informed by MolecuLight fluorescence imaging compared to those that were not. Improvements in the patients' quality of life were also reported.  Another recent study reporting increased wound healing rates with the incorporation of bacterial information from MolecuLight imaging also found substantially decreased use of antimicrobial dressings and systemic antibiotics⁴. The MolecuLight devices also perform accurate digital wound measurement, allowing for the consistent monitoring and documentation of wounds.

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"We are thrilled to have entered into a supply contract with AllSpire Health GPO," says Anil Amlani, MolecuLight's CEO. "Through the i:X and DX, we hope to enable significant cost-savings and improvements in clinical outcomes. AllSpire's extensive member base can now easily access the MolecuLight wound imaging devices and see the clinical benefits in their wound care practices."

"We are most impressed with the clinical utility that the MolecuLight i:X and DX devices provide to wound care professionals and are pleased to offer the MolecuLight portfolio via our Group Purchasing Agreement to our member hospitals", says James Wallick, Senior Director, Strategic Sourcing at AllSpire Health GPO. "AllSpire is dedicated to sourcing the most innovative products that help to improve clinical decision-making and cost-efficiencies. We believe that the MolecuLight devices are highly innovative and will help to provide such clinical and operational benefits".

In addition to the clinical benefits, MolecuLight procedures performed in the United States can benefit from an available reimbursement pathway including two CPT® codes for physician work to perform "fluorescence imaging for bacterial presence, location, and load" procedures and facility payment for Hospital Outpatient Department (HOPD) and Ambulatory Surgical Center (ASC) settings through an Ambulatory Payment Classification (APC) assignment.

1 Caldwell et al. Surg Clin North Am, 2020, 100(4) 2 Le et al. Adv Wound Care, 2021 3Rahma S. et.al Diabetes Care 2022;45(7):1601–1609 4 Price et al. Diagnostics, 2020 More on The PennZone Kentucky's Plane Crash Data Lands Far from the State's Busiest Airports StockResearch AI Initiates Coverage on Apple (AAPL) With New Report Examining Valuation, AI Strategy and Future Growth Netberg Announces the Aurora X2 Switch Series, Built on Xsight Labs' Programmable X2 Silicon Imagen Golf Named Exclusive Golf Instruction Partner at Wood Lane Golf and Social Pete Verbica: America Needs Statesmanship and Common Sense — Not a Cult of Personality

About MolecuLight Corp.

MolecuLight Corp. is the US subsidiary of MolecuLight Inc., a privately-owned medical imaging company that has developed and is commercializing its proprietary fluorescent imaging platform technology in multiple clinical markets. MolecuLight's suite of commercially released devices, including the MolecuLight i:X® and DX™ fluorescence imaging systems and their accessories, provide point-of-care handheld imaging devices for the global wound care market for the real-time detection of wounds containing elevated bacterial burden (when used with clinical signs and symptoms) and for digital wound measurement. The company is also commercializing its unique fluorescence imaging platform technology for other markets with globally relevant unmet needs including food safety, consumer cosmetics and other key industrial markets.

About AllSpire Health GPO

Founded in 2016, AllSpire Health GPO, LLC is a collaborative, regional group purchasing organization utilizing innovation analytics, as well as product and purchased service standardization, as a platform to escalate the improvement of clinical outcomes, enable greater access to affordable healthcare, ensure economic sustainability, and enhance patient, physician, and clinician satisfaction among its members. AllSpire Health GPO delivers value via the development and execution of clinical and service line improvement initiatives across the care continuum.

CONTACT: Rob Sandler, Chief Marketing Officer, MolecuLight Inc., T. +1.647.362.4684, [email protected], www.moleculight.com

Photo - https://mma.prnewswire.com/media/1910669/MolecuLight_MolecuLight_Point_of_Care_Wound_Imaging_Devices_Awar.jpg

SOURCE MolecuLight Inc.

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