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VentriPoint Diagnostics Ltd V.VPT

Alternate Symbol(s):  VPTDF

Ventripoint Diagnostics Ltd. is a Canada-based medical device company. It is engaged in the development and commercialization of diagnostic tools to monitor patients with heart disease. It develops a suite of applications for all heart diseases and imaging modalities, including congenital heart disease, pregnancy, pulmonary hypertension, COVID-19, technically difficult imaging and cardiotoxicity in oncology patients. It provides application of artificial intelligence to echocardiography. Its flagship product, Ventripoint Medical System (VMS+), enhances echocardiography to deliver cMRI levels of accuracy for volumetric measurements and ejection fractions for all four chambers of the heart. It has developed a solution that transforms cardiac care through its 3D ECHO and MRI software. VMS products are powered by its proprietary Knowledge Based Reconstruction technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI.


TSXV:VPT - Post by User

Bullboard Posts
Comment by angel334on Dec 02, 2019 3:51am
226 Views
Post# 30412104

RE:RE:RE:Ventripoint Diagnostics : to Exhibit at Radiological Society

RE:RE:RE:Ventripoint Diagnostics : to Exhibit at Radiological SocietyAlso from the MD&A: Revenue: The Company had expected to submit the VMS+ 3.0 for regulatory approval in Q4 of 2018, however, a technical issue with the new sensor technology delayed the completion of development by 6-8 months, significantly impacting the Companys ability to sell. Given the average 6 to 12 month sales cycle to hospitals, we do not expect to see significant revenue from the VMS+ 3.0 for accounting purposes until 2020 (i.e. sales are only recognized in the financial statements after delivery and installation), though the Company is beginning to receive purchase orders from a number of hospitals.
Bullboard Posts