Avery Dennison Medical Solutions, a business unit of
Avery Dennison Corporation
) has decided to team up with the producer of mobile health
applications and patient monitoring systems, Preventice, Inc. The
synergy will be producing a new version of Metria that will be
patch-based wearable sensors for clinical monitoring of a patient's
The Metria solution provides continuous link between patients
and health care providers using mobile, cloud-based and sensor
technology of Proteus Biomedical, Inc. These wearable sensors
monitor the patients' health conditions, track them and bring them
to the health care facilities. These sensors help in preventing
disease before its onset.
The new version of the solution will be incorporated within the
Preventice Care Platform and used for remote monitoring in
hospitals and health care systems in the U.S. These mobile health
applications also help in improving the doctor-patient relationship
as they remain connected constantly and can share all valuable
About Preventice, Inc.
Preventice, Inc. is a privately owned leading developer of
mobile health applications and remote monitoring systems connecting
mobile, home-based, and on-premise technologies to deliver
continuous patient care anywhere. The solutions of Preventice help
in creating constant connection between health care providers, life
science companies and their patients along with sharing critical
Avery's Other Partnership in Medical Solutions
Earlier in 2011, Avery entered into a collaboration with the
leader in intelligent medicine and mobile health products, Proteus
Biomedical, Inc. The team focused on producing patch-based wearable
sensors for consumer, home health care and remote medical
The Metria solution is a revolutionary application in the field
of medical sciences. The strategic alliances of Avery with the
leading companies will help it in emerging as a leader in the
burgeoning areas of consumer and remote patient monitoring.
However, Avery is struggling with higher raw material costs and
low volumes. It is trying to combat them by implementing price
increases and cost reduction initiatives. The company may face
intense competition from its peers like
Bemis Company Inc.
) if it tries to pass on the higher raw material prices to the
customers by increasing the prices.
The stock retains a short-term Zacks #3 Rank (Hold). We have a
long-term Underperform recommendation on Avery.
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