LataMed AI Corp. (OTC: LMED), a healthcare technology company developing digital health and artificial intelligence solutions for Latin America, announced today that its Venezuelan subsidiary, LATAMEDAI VE, has entered into a memorandum of understanding (MOU) with FARMASER to develop a customized artificial intelligence and automation platform designed to support the pharmacy chain’s current operations and planned expansion.
Under the MOU, the parties will collaborate on designing, adapting, testing, and evaluating a software platform tailored to FARMASER’s operational requirements. The initial phase will involve defining technical and operational specifications, adapting the software to FARMASER’s pharmacy workflows, and establishing a phased development and testing process. A key aspect of the collaboration is evaluating the integration of LataMed AI’s CardioAI, PulmoAI, and NeuroAI models across FARMASER’s three existing pharmacy locations and up to 15 planned additional locations. These AI-supported platforms are intended to assist healthcare professionals in evaluating cardiovascular, pulmonary, and neurological health information. The proposed platform would also incorporate e-commerce, prescription management, customer service, inventory planning, and business analytics functions.
The company emphasized that any prescription-related or AI-supported functionality would be designed to assist administrative, operational, and healthcare workflows and would not replace the professional judgment of authorized pharmacists, medical professionals, or other qualified personnel. The integration of AI models would be subject to continued development, testing, applicable regulatory requirements, and appropriate clinical and operational protocols.
The parties are also evaluating an annual software licensing or subscription model for any commercial implementation. However, the scope, timing, pricing, and other terms of a commercial deployment have not been finalized and remain subject to successful development and testing, agreement on commercial terms, and any additional definitive documentation.
“This memorandum of understanding represents an opportunity to apply our technology within an important part of the healthcare delivery ecosystem,” said Dr. Kevin Rodan Levy, Chief Executive Officer of LataMed AI Corp. “Pharmacies play a central role in connecting patients with medications, healthcare products, and related services. Our objective is to work with FARMASER to develop a platform that supports its current operations and planned expansion while evaluating the integration of our AI-supported healthcare technologies across its pharmacy network.”
Management believes the proposed collaboration aligns with LataMed AI’s broader strategy of developing an integrated healthcare ecosystem connecting patients, healthcare professionals, pharmacies, insurers, payment providers, and other participants. The FARMASER platform would also represent a potential enterprise application of the company’s technology beyond its patient-facing telemedicine services. By supporting pharmacy operations, digital commerce, prescription workflows, data analysis, and potential integration of AI-supported technologies, LataMed AI intends to develop technology infrastructure that may be adaptable to other healthcare organizations throughout Latin America.
The MOU establishes a framework for cooperation but does not guarantee successful completion or commercial deployment of the platform, integration of AI technologies, execution of a definitive licensing agreement, opening of additional FARMASER locations, or revenue generation. The company will provide additional information as appropriate.
For additional information, visit https://latamed.ai or review the company’s filings with the U.S. Securities and Exchange Commission at www.sec.gov.
