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Ventripoint Diagnostics Ltd (2)
Symbol VPT
Shares Issued 156,823,905
Close 2023-05-29 C$ 0.18
Market Cap C$ 28,228,303
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Ventripoint Diagnostics receives EU MDR certification

2023-05-30 10:29 ET - News Release

Mr. Jonathan Robinson reports

VENTRIPOINT RECEIVES EUROPEAN UNION MEDICAL DEVICE REGULATION CERTIFICATION

Ventripoint Diagnostics Ltd. has successfully obtained European Union medical device regulation (EU MDR) certification for its cardiac diagnostic system. This significant milestone further underscores Ventripoint's dedication to delivering state-of-the-art diagnostic tools to health care professionals and improving patient outcomes.

The EU MDR certification came into effect in May, 2021. All medical devices certified under the previous medical device directive (MDD) in the EU must certify to the new requirements (MDR 2017/745) to be sold in the European market.

By receiving its EU MDR certification, Ventripoint Diagnostics demonstrates its ability to meet the evolving regulatory landscape and provide a safe and effective cardiac diagnostic tool for hospitals and cardiac clinics. Ventripoint Diagnostics is poised to expand its presence in the European market and further its mission to transform the way cardiac diseases are diagnosed and managed.

About Ventripoint Diagnostics Ltd.

Ventripoint has become an industry leader in the application of AI (artificial intelligence) to echocardiography. Ventripoint's VMS products are powered by its proprietary KBR (knowledge-based reconstruction) technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI (magnetic resonance imaging). This affordable, gold-standard alternative allows cardiologists greater confidence in the management of their patients. Providing better care to patients serves as a springboard and basic standard for all of Ventripoint's products that guide its future developments. In addition, VMS+ is versatile and can be used with all ultrasound systems from any vendor supported by regulatory market approvals in the United States, Europe and Canada.

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