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22/06/16
09:32
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Originally posted by Pixie2000
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From The Australian
ResApp (RAP) 43c
We wouldn’t wear this as a badge of honour, but the app-based respiratory house was one of the most talked-about stocks on the Hot Copper tattle site ahead of yesterday’s much-anticipated clinical results.
Mirroring an early paediatric trial, a subset of the 322-patient adult study showed ResApp’s algorithmic tool to be highly accurate in identifying disorders such as asthma and pneumonia — more so than the trusted stethoscope. ResApp’s next step is a similar cough-into-the-app trial at a US hospital site, ahead of applying for Food and Drug Administration marketing approval.
With online GP consultations booming, ResApp plans to strike a deal with a US telehealth provider. According to Deloitte, 75 million online consultations took place in 2014 and this rate is expected to double by 2017.
About one-third of these cyber-visits are for respiratory visits, but without a diagnosis tool the best the online docs advise is “you had better see a real doctor’’.
We’ll stick with a spec buy despite the hefty $280m valuation and the prospect of the Hot Copper crowd taking profits.
The Australian accepts no responsibility for stock recommendations. Readers should contact a licensed financial adviser. The author holds BHP shares
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"... study showed ResApp’s algorithmic tool to be highly accurate in identifying disorders such as asthma and pneumonia — more so than the trusted stethoscope ." [my emphasis]