CDX 25.0% 12.0¢ cardiex limited

Just a update on the Radx NIH maternal challenge . Significant...

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    Just a update on the Radx NIH maternal challenge .
    Significant or not is still not clear to me.  

    The timeline to announce a winner was April 2024 but the timeline has been extended.Not sure when the announcement could be made.  Cardiex are in the final round after progressing through 2 previous rounds.


    Just some initial thoughts  but i would think a win or just making the final could give an opportunity for adoption of pulse to be used  in the maternal space.





    Amount of the Prize: The total prize purse for this challenge is $8,000,000. Prizes will be awarded following the successful completion of each phase of the challenge in the following amounts:
    • Viability Assessment - $20,000 per winner; up to 25 winners
    • Deep Dive Assessment - $75,000 per winner; up to 12 winners
    • Technology Assessment – prizes will be disbursed across the following stages within this Phase:
      • Interim Milestone: up to $320,000 per winner; up to 10 winners
      • Testing & Verification: up to $525,000 per winner; up to 6 winners
        • Runner-Up: up to $300,000 per winner; up to 2 winners



    • CardieX
    • Caretaker Medical, LLC
    • Dionysus Digital Health, Inc.
    • HemoSonics, LLC
    • Global Access Diagnostics / Mologic, Inc.
    • MyLÚA Health
    • PyrAmes, Inc.
    • Sanguina
    • Sibel Health
    • Washington University in St. Louis / Armor Medical Inc.
 
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