RE: Stargate - AI cancer detection22 Jan 2025 22:09
The LungLB test can flip this around. In turn tapping into an addressable market, potentially worth more than $2bn pa - based on 1.5m indeterminate nodules being detected each year in the US, which are both small & relate to patients who would otherwise have had a tissue biopsy.
the business is on track to submit its Technical Assessment application (to MolDx) for Medicare coverage by the end of 2024 (re Reimbursement price of $2,030/test) – that once approved should enable first revenues to realised.
Strategically too, @LungLifeAI is in active discussions with several industry partners to help unlock the full potential of LungLB and accelerate its adoption - which if concluded would be transformational.
the business had net funds of $1.77m as at the end of Oct’24, and reiterated its cash runway guidance to Q2’25 - with several other levers to pull later if required. House broker Investec have a 171p/share target price.