4DMedical Limited (ASX:4DX) Announces 3-Year Contract Renewal with Cleveland Clinic
Contract Details
4DMedical Limited has secured a 3-year contract extension with the Cleveland Clinic for its functional lung imaging software, valued at a minimum of A$227,000.
Financial Impact
This agreement continues the trend of growing revenue per site, positioning 4DMedical to further expand its presence at the prestigious Cleveland Clinic.
Executive Comments
MD/CEO and Founder Andreas Fouras said: “We are delighted to extend our collaboration with this prestigious academic medical centre and research institution. This renewal strengthens our position as a leading provider of cutting-edge imaging solutions. Their continued trust in our technology underscores the value 4DMedical provides in the field of respiratory health. We have numerous opportunities to expand our existing presence at the Cleveland Clinic, with considerable interest shown at recent congresses in our current and future portfolio, including CT:VQ™. I have personally been involved in several of the discussions with these leading doctors and can feel their enthusiasm for how our solutions will benefit their clinical care and workflow.”
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