Emvision IPO

Originally posted by blueballs ↑

Could be a ripper, non invasive portable brain scanner, prospectus in below link

Will be utilised in rural hospitals, cruise ships, ambulances and even vet clinics...consider it to be like the portable defribilator.

GE has thrown funds at it and has received some decent grants.Ex CEO of Nanosonic who took it from a spec to Billion dollar company.

http://www.emvision.com.au/company-management

The portability, cost-effectiveness and safety of this device is a very attractive proposition for the healthcare industry, with potential for use in both hospitals and ambulances throughout the world,” he said.

“It is also ideal for use in rural and remote areas. In Australia, rural and remote stroke patients are 20 per cent more likely to die than their metropolitan counterparts due to delayed diagnosis.

“This device could well have the same life-saving potential as the widespread introduction of defibrillators here 20 years ago.”

EMvision background and investment highlights:

EMvision is an Australian medical device company that was incorporated to commercialise electromagnetic microwave imaging technology developed at the University of Queensland over the last decade.

EMvision’s CEO is Dr. Ron Weinberger, former Executive Director and CEO of Nanosonics (ASX:NAN), influential in taking Nanosonics from an R&D company to ~$1bn MC, commercialising their Trophon device globally.

Winner of a highly competitive $3.5M non-dilutive CRC-P grant - which includes $2.6mil from the Commonwealth Govt., $360k from GE Healthcare and $550k from the University of QLD to advance the brain scanner program. There is also an additional ~$3mil in in-kind contributions from partners.

EMvision recently reached an agreement with the University of Queensland to acquire the IP for the whole body, opening the door for a future product portfolio (including NAFLD/NASH - for which another Government grant has been won).

Lead product in development is a portable brain scanner for rapid stroke diagnosis and point-of-care monitoring, addressing a significant clinical/market need, with stroke being the long-standing second leading cause of death, globally.

Underlying technology has been developed by world leaders in electromagnetic medical imaging, Prof Amin Abbosh and Prof Stuart Crozier, whose IP is central to more than 65% of all MRI scanners manufactured and has been used in billions of scans.

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On that without reading anymore im interested. Ill review the prospectus. Great post BB