TORONTO, ON – (July 6, 2023) MolecuLight Inc., a manufacturer in fluorescence imaging that locates and detects elevated, pathogenic bacterial loads in and around wounds, is pleased to announce the appointment of David Bassin to its Board of Directors as an Independent Board Member.

David Bassin brings expertise and experience from the health care industry, particularly in the field of wound care. As the founder of GIO Advisory LLC, he has provided advisory services to companies and private equity firms based on his background in health care, spanning pharmaceutical/device, payer, and provider services. Most recently, Bassin served as the CEO of Healogics, operating over 630 wound care centers and 300 providers. During his tenure, he successfully restructured and refocused the business, resulting in strong earnings growth prior to his transition into advisory services. Prior to his role as CEO, Bassin served as the CFO of Healogics, contributing to the company's financial growth and success. Bassin's career also includes roles in other health care organizations. He served as the CFO of eviCore Healthcare, Inc., where he oversaw multiple dividend recapitalizations and facilitated a merger with the company's largest competitor, leading to the creation of a company with over 3,000 employees. Additionally, Bassin held the position of CFO at InVentiv Health, Inc., a provider of services to pharmaceutical companies, where he successfully managed a high-growth company and orchestrated a go-private transaction valued at over $1 billion and delivered a significant premium to its shareholders.

"We are thrilled to welcome David Bassin to the MolecuLight Board of Directors," said Anil Amlani, CEO of MolecuLight. "His extensive experience in optimizing and scaling organizations across the health care industry, particularly in wound care, will be invaluable to MolecuLight as we continue to expand our global presence. Our MolecuLight devices have already become indispensable tools in wound assessment and real-time decision-making for thousands of clinicians worldwide. David's expertise will greatly support our mission to meet the increasing global demand for our innovative wound care diagnostics and establish them as the gold standard in the field."

David Bassin expressed his excitement about joining MolecuLight’s Board of Directors, stating, "There are over 6.5 million patients living with wounds. As an industry, we need to continue to develop new solutions that improve wound care treatment effectiveness and efficiency. With a global drive to improve outcomes, reduce costs, and minimize antibiotic usage, MolecuLight's point-of-care devices have demonstrated their ability to effectively address these critical clinical needs. I am deeply impressed by the organization, the technology's alignment with market demands, and the significant market traction they have achieved. I am eager to contribute to their growth and help them achieve their ambitious goals." MolecuLight's i:X®or DX™  imaging devices are the only FDA-cleared and CE and Health Canada approved devices for the real-time detection of elevated bacterial burden in wounds. Supported by over 80 peer-reviewed publications involving 2,600 patients, these devices are widely utilized by leading wound care facilities worldwide.

About MolecuLight Inc.

MolecuLight is the manufacturer of MolecuLight i:X®, a point-of-care fluorescence imaging device for digital wound measurement and detection of elevated bacterial burden in wounds, with CSS.