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Ventripoint Diagnostics (VPTDF) has achieved a significant milestone with FDA approval for its innovative heart ultrasound software technology. The company's solution transforms standard ultrasound machines into advanced diagnostic tools that rival MRI capabilities at a substantially lower cost.
CEO Hugh MacNaught announced a strategic pivot to a subscription-based business model, moving away from equipment sales. The company's technology offers heart scans at 5.5 times lower cost than traditional MRI in the US, while equipment costs are reduced to less than 10% of conventional MRI systems. Revenue generation is expected to commence before the end of the year as the company transitions from product development to commercialization.
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