VentriPoint Diagnostics Ltd V.VPT

Alternate Symbol(s): VPTDF

Healthcare Medical Devices

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.

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VentriPoint Diagnostics Ltd > Patience. All in same boat.

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Comment by InvrsContrarianon Oct 21, 2021 4:19am

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RE:RE:Patience. All in same boat.

Ground control Major Tom. Where are. You going. Come back!!! Thrusters on!

snuff133 wrote:
read the bottom , strap in and enjoy the ride

Dear Friend;

We have been in a quiet period as we were finishing the recently announced financing.
This is now complete and we have the funds in our bank account from the upsized, bought-deal financing including the over allotment for net amount of ~$7.4M.
There were 10 institutional investors in this round and they subscribed for ~70% of the offering. Nice to have this kind of endorsement.

These funds along with the existing $3M in cash means we have more than $10M to accelerate the rollout of the company’s innovative products and be good partners to GE Healthcare and our other distributors. Another benefit of these funds is we can hire people and assure them they will have a job for many years. Something this company has not been able to do ever before. Fortunately, we have been able to hire excellent people and they have hung in when times were tough.

This financing confirms what we have always known - we have a great technology, a better team and an amazing opportunity to change the world and improve cardiac diagnostics worldwide for everyone and especially for children.

We have lots of news to put out (I have been writing NRs for a week and still not done!) and will begin doing so immediately.

Thank you for your continued support.