Financial: VCR had $18 mill some time ago, burn rate $1 mill/month (ABN) under the current system.
The VENTRASSIST-From the Corporate file: "What is the life of the battery and the life of the system?
At present, each rechargeable battery set will last about eight hours. The system can also be powered by mains power. The life of the implanted system is almost unlimited as it has only one moving part which does not come into contact with any other part of the system".
Weight: 398 grams, the smallest in existence. Will therefore fit grown-ups and children. Made of Titanium alloy and this prevents rejection by the body. Potential for unlimited life of the device. The device may allow the heart to recover.
3. Market: $7.5 bill.-$12 bill per year. About 8 mill in the developed world suffer from congestive heart failure and 0.8-1 mill have a life expectancy of less than a year.
Gerry
VCR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
