Nice announcement, will keep them afloat and help reach their revenue target.
However targeting the clinical trial market (after all these years) doesn't excite the market, because of the one-off revenue from the contract. Also how big is this market?
Cdx needs recurring revenue, and the faster they transition to a SaaS model and cut costs the better.
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- Ann: CardieX Announces Major New Clinical Trial Services Contract
Ann: CardieX Announces Major New Clinical Trial Services Contract, page-29
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