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Volpara Health Technologies (ASX:VHT) partners with Ambry Genetics

Health Care
ASX:VHT      MCAP $289.9M
15 April 2020 17:30 (AEST)
Volpara Health Technologies (ASX:VHT) - CEO, Dr Ralph Highnam

Source: Volpara

Volpara Health Technologies (VHT) has partnered with Ambry Genetics to improve the standard of care for breast cancer patients in the United States.

Volpara is a New Zealand-based medtech company with a range of breast imaging technologies and analysis products that improve clinical decision-making and the early detection of breast cancer.

Ambry Genetics is considered a leading clinical genetic testing company that has developed the CARE program. The CARE Program is a precision medicine platform that helps ensure more patients get access to recommended care.

“Our partnership with Ambry will allow us to offer additional value to our customers to ensure the right patients get the right testing at the right time,” Volpara CEO Dr Ralph Highnam said.

“Personalisation of breast cancer screening based on risk is being adopted at a fast pace in the U.S., and Volpara is proud to be playing a major role in that,” he added.

At least one Volpara software product is used in over 27 per cent of women who attend screening each year in the U.S. Customers also utilise Volpara’s VolparaDensity software for automated breast density assessment, along with breast cancer risk assessment modules in Aspen Breast, the company’s newest technology.

These software products help providers make better informed decisions about triaging patients based on risk.

“We are excited about this partnership opportunity and the ability to help give providers confidence and peace-of-mind in elevating the standard of care for their patients,” Ambry Genetics Chief Commercial Officer Tom Schoenherr said.

Volpara is up 4.41 per cent and shares are trading for $1.54 each at market close.

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