Nemaura Medical: Executive Reshuffle and Strategic Outsourcing

Nemaura Medical ( (NMRD) ) has shared an update.

Nemaura Medical Inc. has streamlined operations by outsourcing most of its manufacturing and is in the process of also outsourcing sensor production. In this restructuring, the Chief Operating Officer, Arash Ghadar, and a Board member, Asim Butt, have resigned, with no disagreements cited. The company is focused on future growth, exploring partnerships, seeking non-dilutive funding, and its CEO, Dr. Faz Chowdhury, is set to present at an upcoming virtual conference.

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