Shares in the SaaS-based medical imaging small cap have doubled over two trading sessions after it signed a five-year deal with a US hospital group.
The $13 billion US healthcare sector is the big prize for 4D Medical, the four-dimensional lung imaging software company backed by Australia’s Medical Research Future Fund that is trying to crack the world’s biggest clinical market.have doubled over the past two trading sessions after the Melbourne group signed its first contract to supply software imaging services to the University of Miami’s research centre.
“There’s 70 million people a year in the US that get some kind of lung test, and globally there’s about $40 billion of lung testing done. We think we’re on a trajectory to take a big piece of that market,” Mr Fouras said. Most of the investor enthusiasm for medical imaging software businesses on the local sharemarket can be traced back
“We have a bit of a hometown advantage in Australia and see it as something like a $400 million-a-year opportunity. We can absolutely take it to being a profitable company just in ANZ,” he said.
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