A point to consider is, what accuracy level do we require for a commercial viable business?
-Doctors are buying stethoscopes to get ~ 50-60% accuracy.
-Hospitals spends $10,000’s on x-rays to get ~ 70% accuracy
-Patients pay doctors $100’s and wait days to get x-ray/sputum/blood results
Why wouldn’t you pay $5-$10 for an instant diagnosis from the conveniences of your own bed via telehealth to get over 90% accuracy for most respiratory diseases?
RAP have; over 90% accuracy for most respiratory related illnesses, and is faster, more convenient & cheaper than alternatives. In most cases, this will provide a more suitable option for patients than current diagnostic tools available which makes the business not only viable but very profitable given the large market size & scalability.
Also, its worth noting the FDA approval isn’t on accuracy alone. The above mentioned diagnostic alternatives are in practise at those low accuracy rates hence i think FDA is a given.
- Forums
- ASX - By Stock
- RAP
- Ann: ResApp Provides Updated Australian Paediatric Study Results
Ann: ResApp Provides Updated Australian Paediatric Study Results, page-57
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
-
- There are more pages in this discussion • 232 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online