Data Package Milestone Completion for Proxima 4

Cambridge, UK, 22 July 2015: Sphere Medical Holding plc (AIM: SPHR.L), (“Sphere Medical” or the “Company”) a leading provider of innovative monitoring and diagnostic devices for the critical care setting, has announced that the Company has completed the Data Package Milestone for Proxima 4, an important prerequisite for submitting the technical files and design dossiers for CE marking as well as fulfilling its obligations to submit the Data Package to Ortho-Clinical Diagnostics, Inc. (“OCD”) under the collaboration agreement between OCD and Sphere Medical (the “Collaboration Agreement”).

The Data Package has recently been completed by Sphere and submitted to OCD within the originally anticipated time frame set out in the Collaboration Agreement. 

Sphere will continue with the finalization of the submission process for the CE marking, whereas OCD will now decide on whether it elects to exercise its option to enter into negotiations with Sphere Medical with regard to exclusive commercialization rights of Proxima 4.

Commenting on the completion of the Data Package, Dr. Wolfgang Rencken, Chief Executive Officer of Sphere Medical, said: "The completion of the Data Package represents an important milestone in the development of Proxima 4 as well as a further step in the commercialisation of the Proxima system."