World News – AU – Here’s why Volpara (ASX: VHT) stock price soared today


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Motley Fool Australia »Share Gainers» This is why Volpara (ASX: VHT) stock price rose today

James Micklboro | November 17, 2020 10:16 am | More on: VHT

Volpara Health Technologies Ltd (ASX: VHT) stock price is floating today after the release of a new product update. .

This morning Fulbara announced the launch of BreastED, the first of its kind on-line training tool on breast density in association with DetectED-X.

According to the release, radiologists worldwide will have access to this first-of-its-kind online training tool for breast density designed to improve their ability to correctly identify women’s breast density classes in compliance with a mammography report and data system (BIRDS).

DetectED-X was founded by two radiologists and imaging experts at the University of Sydney. He was the winner of the Best Startup for Community or Society award at the Australian Startup Awards in 2019.

Patrick Brennan, CEO of DetectED-X and Head of Diagnostic Imaging at the University of Sydney, commented: “Although we have witnessed tremendous developments in medical imaging and artificial intelligence tools to improve breast cancer detection, there are different levels of skill and experience between that can Radiologists who read mammograms explain errors and differences in the evaluation of breast density.

« Such errors and variations can delay diagnosis and affect the effectiveness of disease treatment, which may have important clinical and economic implications, » he added..

He said: “DensityED will help radiologists improve their ability to properly and consistently perform the BIRADS density assessment, which is becoming increasingly important in light of customizing the examination and FDA regulations for predicted density reporting. Accurate and reproducible information on density is needed to empower women on the breast health journey.

This is a good time to release due to potential regulation changes in the United States. A potential new federal regulation, first proposed in February 2019, will require mammography facilities across the United States to include whether a patient has a dense breast formation in the report following her mammography..

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James Micklboro does not have a position in any of the listed stocks. Parent company Motley Fool Australia Motley Fool Holdings Inc. VOLPARA owns FPO NZ shares. The Motley Fool Australia recommended VOLPARA FPO NZ. We « fools » may not all have the same views, but we all believe that thinking about a variety of ideas makes us better investors.. Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorized Scott Phillips.

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ASX: VHT, Volpara Health Tech, ASX, Breast Cancer, Radiology, Medical Imaging, Mammography

World News – AU – Here’s why Volpara’s stock price (ASX: VHT) Pay Up Today


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