Ventripoint Diagnostics (TSXV: VPT) has entered into a new collaboration agreement as of this morning. The collaboration is with that of the Veterinary Hospital of North Carolina State University, where the company will work to test and evaluation the use of its VMS+ technology in echocardiography of canines.
The unique utilization of the firms echocardiology technology will then look to be expanded for use in all animals. If successful, the collaboration will enable the company to expand and diversify its product portfolio to provide advanced cardiac care for animals.
The technology is believed to enable a better initial assessment in canines than what is currently available for veterinarians on the market. Furthermore, the equipping and training of veterinarians on cardiac assessments using the firms tech would enable earlier detection and treatment of cardiac disease, which is critical to achieving a long-term outcome.
“Companion animals have heart problems, like their owners and so we are delighted to broaden our products to include veterinary services. Initial studies at NCSU have shown the VMS+3.0 can accurately reconstruct and measure the function of canine hearts and this more in-depth evaluation in collaboration with NCSU will verify the results.”
Dr. George Adams, Executive-Chairman of Ventripoint
Ventripoint Diagnostics last traded at $0.08 on the TSX Venture.
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