Done two implants and paid for one in a pilot trial and with clinical costs running probably at 90% of the reimbursement. How much was the cheque? Maybe $10,000.
Like a paperboy framing his first dollar. What a joke. They're trying to overcome a recent fall at the first hurdle being forced to recall their very few implantees because of defective wiring and now they celebrate a factored in cheque?
A dated device subject of a patent claim with very little enthusiasm from Australian doctors (how many at St Vincent's since the guy died a few days after he got it?). Now running out of money.
What comes next? Pass around the hat? A new investor diluting the equity.
Time will tell. Meanwhile the smaller, small cap easy installed HTW device attaching straight to the heart about to commence human trials.
If I needed a VAD I'd wait or use an established player like the Jarvik which they have been using in WA lately.
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