the problems vcr is facing. Well let's get facts right. I never said 'articial heart' and when it comes to facts I couldn't imagine correcting another human being when you use spelling like that.
Is that a fact 'articial heart'?
What I said is that Abiomed the leading US manufacturer has installed 16 artificial hearts. VCR is trying to get a Left Ventricle Assist Device without a pulse licensed.
In fact there have been more than 7500 of these devices legally installed by LICENSED manufacturers across the planet Earth.
Yes that's right. The technology has moved on the LVAD (shortened to VAD) is yesterday's device but still in that area there are dominant proven established products.
Abiomed makes LVADs and other devices and has income flowing yet for all that it has a market cap not much bigger than VCR's which has no saleable product and no income and no prospect of income.
Ask yourself where Abiocor will be when the slow non pulsatile VCR device gets to market.
That's not to mention Thoratec and the other major companies with licensed products who dominate the space.
You may be a bit lazy. Go back through my posts and read about this early stage unspectacular Australian product. It has all the problems, no apparent pulsatile intentions and is embarking on a poorly funded 3 year project to deal with the problems it is having with having cannulae hanging from the body of the patient. These patients are sick and anti-coagulated to stop clotting and one could imagine the difficulties.
All VCR boasts about is an outboard motor with a whirring gadget inside that seems to me to have no particular benefit.
The US is throwing billions at their heart devices. They are making rockets VCR is building a billy cart!
I am short this stock for the above reasons. My research includes speaking to medical professionals and a lot of reading.
VCR
ventracor limited
