4DMedical Limited (ASX:4DX) Wins US DoD Pilot Contract
Contract Details
4DMedical Limited (ASX:4DX) announced a significant contract with the United States Department of Defense (DoD) to pilot its CT Ventilation-Perfusion (CT:VQ™) technology. This contract aims to assess lung health in a cohort of active-duty personnel prior to the technology’s FDA submission. The agreement is built upon the successful deployment of 4DMedical’s CT Lung Ventilation Analysis Software (CT LVAS™) in previous DoD programs.
Implications for Healthcare
Under this contract, 4DMedical will conduct assessments on 80 personnel, providing insights into ventilation and perfusion abnormalities. The CT:VQ™ offers a non-invasive alternative to traditional Nuclear VQ scans, reducing reliance on radioactive isotopes and providing comparable diagnostic insights. This technology targets a billion-dollar market opportunity by improving access to healthcare and patient outcomes.
Executive Comments
Andreas Fouras, MD/CEO and Founder of 4DMedical, expressed his appreciation, stating, “We are honoured to receive continued interest in the use of our technology from the DoD as a new pathway to enhance lung health outcomes for military personnel. This new contract underscores the value of 4DMedical’s imaging solutions in addressing the unique health challenges faced by service members.” He also highlighted the potential disruption to the respiratory diagnostics market with CT:VQ™.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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