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4DMedical (ASX:4DX) signs agreement for phase II study

Health Care
ASX:4DX      MCAP $232.8M
01 September 2021 13:40 (AEST)
4DS Memory (ASX:4DS) - Founder and CEO, Andreas Fouras

Source: andreasfouras.com

4DMedical (4DX) has signed an agreement with I-MED Radiology Network to begin phase two of its clinical pilot program on its software.

The pilot program follows the completion of a phase one trial, conducted in an I-MED imaging clinic in Victoria where patients were referred a 4DMedical XV Lung Ventilation Analysis Software scan.

4DMedical’s technology can scan a patient’s lung function as they breathe, providing sensitive, early diagnosis, while monitoring changes over time. The software-as-a-service scans are able to deliver complete results, showing subtle lung variations using lower levels of radiation than traditional methods.  

The scans are generated using existing imaging infrastructure, providing doctors with greater insight into the patient’s lung health.

During phase one, the trial analysed lung disorders including asthma, chronic obstructive pulmonary disease, bronchiectasis, sarcoidosis, silicosis and persistent symptoms following COVID-19 infection.  

Having confirmed the compatibility with I-MED’s imaging infrastructure, the clinical pilot will now move into phase two, and will allow radiologists to get to know 4DMedical’s technology.  

“Phase one of the clinical pilot was an overwhelming success with radiologists and patients reporting strong positive feedback,” said 4DMedical Founder and CEO, Andreas Fouras.

“Although the partnership is not generating revenue at this stage, we aim to secure a commercial XV LVAS contract with I-MED provided that Phase Two is successful.”

Phase two will be completed in a different Australian state over the remainder of the year to further assess a potential commercial partnership with I-MED.

4DMedical shares were up 0.63 per cent, trading at $1.61 at 2:15 pm AEST.

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