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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Intelligent Ultrasound Group plc    MED   GB00BN791Q39

INTELLIGENT ULTRASOUND GROUP PLC

(MED)
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Intelligent Ultrasound : Says GE Healthcare Machine Using Its Technology Granted FDA Clearance

10/30/2020 | 03:39am EST

By Anthony O. Goriainoff

Intelligent Ultrasound Group PLC said Friday that an ultrasound machine using its technology has received premarket clearance from the Food and Drug Administration for sale in the U.S.

The London-listed developer of AI-based ultrasound and simulation software said GE Healthcare's Voluson SWIFT ultrasound machine incorporates GE Healthcare's SonoLyst software with Intelligent Ultrasound's ScanNav Assist AI technology.

The company said SonoLyst is the first artificial-intelligence software to be launched under its long-term license and co-development agreement with GE Healthcare, and that the first royalty per unit revenues are expected at the start of 2021.

"SonoLyst is an exciting new scanning aid in women's healthcare and FDA clearance for the Voluson SWIFT opens up the important U.S. market," the company said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

10-30-20 0438ET

Stocks mentioned in the article
ChangeLast1st jan.
GENERAL ELECTRIC COMPANY 2.76% 10.43 Delayed Quote.-6.54%
INTELLIGENT ULTRASOUND GROUP PLC 0.00% 15.25 Delayed Quote.52.50%
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Financials
Sales 2019 5,92 M 7,92 M 7,92 M
Net income 2019 -4,22 M -5,65 M -5,65 M
Net cash 2019 7,22 M 9,66 M 9,66 M
P/E ratio 2019 -4,23x
Yield 2019 -
Capitalization 41,1 M 54,8 M 55,0 M
EV / Sales 2018 1,23x
EV / Sales 2019 2,50x
Nbr of Employees 45
Free-Float 78,2%
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Managers
NameTitle
Stuart Arthur Gall Chief Executive Officer & Executive Director
Riccardo Pigliucci Non-Executive Chairman
Ian George Whittaker Chief Operating Officer & Executive Director
Helen Mary Kinsey Jones Group Finance Director & Director
Nicholas Sleep Executive Director & Chief Technology Officer