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CVR Medical Corp V.CVM.H

Alternate Symbol(s):  CRRVF

CVR Medical Corp. is a medical technology organization. The Company is focused on the development and advancement of technology at work within the healthcare sector. The Company’s Carotid Stenotic Scan (CSS) is a diagnostic tool designed to detect and determine a level of carotid narrowing for the purpose of identifying patients at risk for Ischemic Stroke. The CSS provides a synergistic tool which complements other stroke screening technology, such as Duplex Doppler ultrasound (DUS), magnetic resonance angiography (MRA), and computed tomography angiography (CTA). The CSS is 100% non-invasive and does not require the use of harmful dyes. It offers its product to patients, payers, and healthcare providers. The CVR device uses only sound wave analysis to detect the presence of arterial stenosis.


TSXV:CVM.H - Post by User

Bullboard Posts
Post by Looneytuneson Oct 08, 2019 6:23pm
161 Views
Post# 30209382

Comparison

ComparisonRunning a comparison to a download of the presentation I took in May . .notes

Slide 14 - Potential practice economics = Estimated monthly revenue based on 100 scans has fallen by $2,000 (to $12,500 from $14,500 - $16,500) and estimated annual revenue fallen to £150,000 from $174,000). This doesnt add up as the cost per test, monthly lease cost and retail proce of disposables remains unchanged.

Slide 15 - Care office visits :  the number of visits has been updated to refelct 2016 figures - earlier presentation based on 2015.

Slide 16 - Reimbursment - Recommended cost of each test has been changed from $75 - $125 -to  $125

Slide 18 has become a sales projections slide

Slide 20 - indicates that the Sales and Marketing plan is now complete, Device Leasing has now become Device Financing but is still ticked as complete,  and FDA Clearance has become Resubmit to FDA with clearance 2H 2020 (which indicates to me that the full 130 day review period will staret again upon resubmission.

Slide 21 - Capitalisation - 72% still remains in public hands but the 23% in escrow has now moved to Insiders.

Slide 23: new slide relating to first year revenue

Slide 24: Ongoing international  negotiations slide has reappeared - it was in earlier versions but was dropped early this year.

. . . . and thats it. The presentation asserts that FDA submission will happen in January but please don't hold your breath as there is no indication that the steps needed to achieve this will either be done in time, or the CVR Global has the funds to pay for them.



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