Join our daily newsletter At The Bell to receive exclusive market insights
Respiratory imaging technology company 4D Medical Ltd (ASX:4DX) has signed a contract with Perth Radiological Clinics (PRC) which will see its XV Technology-enabled ventilation reports rolled out across PRC’s 16 clinics across Perth.
Given PRC’s status as one of Western Australia’s largest providers of diagnostic imaging services, this commercial contract represents a significant achievement for 4D Medical’s expansion plans, and was made possible after the two companies engaged in talks following the Royal Australian and New Zealand College of Radiologists (RANZCR) Annual Scientific Meeting.
At the meeting, 4D Medical received a suite of positive feedback upon presenting information to PRC’s chest radiology team about XV Technology’s clinical benefits – in particular its unprecedented functional lung imaging.
According to the resulting contract – which runs to September 30, 2025 – referring doctors will be able to order both CT LVAS ventilation reports through widely available Computed Tomogrophy (CT) imaging infrastructure, as well as XV LVAS ventilation reports via fluoroscopy.
Founder, managing director and CEO of 4D Medical Andreas Fouras said he was pleased to announce the company’s partnership with PRC.
“This collaboration underscores the value and demand for XV Technology in enhancing respiratory diagnostics,” he said.
“The engagement with PRC following our presentation at the RANZCR Annual Scientific Meeting highlights the growing recognition of 4DMedical’s innovations among radiologists and healthcare providers alike.
“We look forward to supporting PRC in delivering world-class respiratory care to the Perth community. With back-to-back commercial wins with UCSD and IPOC, our commercial operations are clearly building momentum.”
Late last month, 4D Medical announced commercial contracts to provide lung imaging technology to US-based Imaging Partners of Orange County (IPOC) and UC San Diego (UCSD) Health – the latter being one of the United States’ top 10 hospitals for respiratory care.
4D Medical saw its shares shift upwards on the news, and at 13:48 AEDT, they were trading at 50 cents – a rise of 8.70% since the market opened.
Join the discussion: See what HotCopper users are saying about 4D Medical and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
