Member Info for Vascular

Morning Bill,

I hope we get an update on how this simulation goes, and some recognition for feedbacks involvement . Its a pretty cool place to be in the centre of things like this, and does give us some indication / validation of how useful FDBK technology could be to the UK government and NHS specifically.

The cyber security bill announced in April is also an important part of the puzzle in my opinion. We know FDBKs offerings are one of !!!!, just a few maybe that can offer security when messaging etc . The hacks into NHS data will not go away , so the government will need to throw everything they have at this problem, including Bleepa etc all being well.

https://www.cityam.com/nhs-patient-data-at-risk-in-major-cyber-attack/

The UK government has unveiled its sweeping Cyber Security and Resilience Bill, expanding regulations to MSPs, critical suppliers, and data centres.….including the NHS, I hope.

https://www.digit.fyi/cyber-security-and-resilience-bill-unveiled-what-you-need-to-know/

Lordloadsoflolly,

I have the same information as the rest of you, so i am using this as a guide until told otherwise. What we have been told so far is

S&C ell product is unique, it has had trials and tested to be effective and safe - therefore one of a small ( if only!!) product with proven science behind it , which is always good PR . We have been told in interviews ( not sure about news releases, but think not ) that each individual unit ( not the entire range) will sell for approx. $100. the original terms where i think $100 retail to M, $40 to INC, with a $10 init cost = $ 30 gross sale to INC.

Since then told in past two recent RNS that INC will

"Maintain control of the (premium) retail selling price of the range." and that this will "Increased revenues by selling direct to the customer".

as well as told that ...

· Greatly increased gross margins attributable direct to the Company.

· Immediate positive cash flow as payments for orders are received in real time.

So I am only going by what we have been told and what has been discussed earlier on this board.....i have no other info, do you?

Out of interest, what price point were you thinking each unit would be sold at? .

Spantrout is correct . Any product with just a hint of science behind it can go for hundreds of dollars for each unit , not a box full of the entire range.

This product we are told is possibly unique , with science / human trials to back it up and distinguish it during the promotion .

That's the main selling point / gamble here. Will they get the promotion right, so to get people who would normally spend $100s on skin creams with next no science behind it, and try this one. GL Vas

As we stand the market cap of INC is approx £6 m . IF INC do manage to sell the full 100,000 units by year end via the anticipated new deal and other deals this summer then at say £70 per unit gross , would give approx £7 million gross profit at end of year, possibly £5- 6 m profit!

Can anyone guesstimate what a conservative share price for INC would look like next year - IF this were to actually happen. Cheers Vas

Well Done Barnacle,

More here

a first simulation of how a ‘neighbourhood health service’ [part of the government’s proposed new model for the NHS] would operate in practice is being planned for May 2025 in London. .......The simulation is being funded and developed jointly by the London Health & Care Partnership, the London Integrated Care Systems (ICS) Network, local providers, and London-based social enterprise, PPL.

The aim is to test a model of how a neighbourhood health service model would work in London, bringing together representatives from across the region’s health and care systems, including executives, professionals and patients.

The Target Operating Model (TOM) being put to the test is being developed by the London Health & Care Partnership with PPL based on existing national, regional and ICS best-practice, the latest operating guidance for the NHS, and priorities informing the Government’s 10-year plan for the NHS.

The development of the model has included regular engagement with the NHS England National Team and the Department for Health and Social Care to ensure that the plans align with the latest NHS England Neighbourhood health guidelines 2025/6.

The findings and evaluations captured from the London simulation will help inform the development of neighbourhood health service arrangements regionally, and transition from policy to implementation nationally."

With #Bleepa as the collaboration platform being used by participants during the simulation !!! Excellent.

https://ppl.org.uk/first-ever-simulation-of-the-neighbourhood-health-service-planned-for-may-2025/

More about what Vertex are up to in UK......looks rather positive, if successful.

"Vertex launches campaign to ‘re-invent’ key technology for NHS diagnostic imaging

26th May, 2025"

"Chris Goldie, CEO for Vertex in Healthcare, said: “We’ve been carefully listening to radiologists, radiographers, and other imaging professionals working in the NHS, and we believe there is an immediate opportunity to modernise the RIS, a system that sits at the core of how imaging teams manage their work, and how patients flow through diagnostic pathways."

"Platforms like the RIS urgently need innovation and investment from suppliers to help to tackle these challenges, and to ensure that healthcare professionals are able to spend their time on clinical priorities rather than working around IT systems. So i’m making a clear and simple promise to the NHS: Tell us what you need, and we will build it.”

"Vertex formally launched the VRIS radiology information system for the NHS last year. Significant interest has since been expressed in the system, which has been used in radiology departments around the world to automate and create efficiencies in administrative processes, support more timely reporting, and increase patient throughput by 30% to 40%."

https://www.uknewsgroup.co.uk/vertex-launches-campaign-to-re-invent-key-technology-for-nhs-diagnostic-imaging/

https://vertexih.co.uk/2025/help-to-re-invent-the-ris-for-the-nhs-we-need-your-input/

Wonder if it's the same technology that can facilitate this:

Bill. It looks like India have adopted FHIR, and this post confirms.

"🇮🇳 India: AI cleaned up duplicate patient records and detected tuberculosis outbreaks 45% faster using NLP and FHIR standards".

https://www.linkedin.com/pulse/ai-healthcare-systems-overcoming-interoperability-data-fion-liao-7c7sc

also,

FHIR: Simplifying Electronic Health Records (EHR) in India

India's FHIR Implementation for EHRs ( Electronic Health Records):

The Indian government recognizes the importance of interoperability in healthcare and is actively promoting the adoption of FHIR for EHR data exchange. Here's how India plans to leverage FHIR:

National Digital Health Mission (NDHM): The NDHM has adopted FHIR as the standard for data exchange within the Ayushman Bharat Digital Mission (ABDM) framework. This enables secure sharing of patient health information across various healthcare stakeholders.

FHIR Implementation Guides: India is developing its own FHIR implementation guides tailored to the specific needs of the Indian healthcare system. These guides will provide a roadmap for healthcare providers and developers on how to implement FHIR for EHR ( Electronic Health Records) data exchange.

https://www.dronapay.com/post/fhir-simplifying-electronic-health-records-ehr-in-india

Apparently FHIR

" FHIR is modular – that is, it is made up of “resources”, representing specific information, such as a patient, medical visit, imaging results, medical history or other. This approach is specifically used for medical field."....."FHIR solves one of the biggest problems in modern healthcare: the lack of consistency in data transfer between systems. It allows different IT systems – e.g. hospital systems, mobile applications or medical imaging devices – to talk to each other without struggling with integration issues."........."We live in an era of remote healthcare and a wide range of patient applications. Through this, FHIR fits perfectly into the current market needs. Allows the creation of modern, responsive mobile applications that securely connect to hospital systems and provide real-time data.".....

https://graylight-imaging.com/blog/hl7-fhir-the-future-of-healthcare-data-exchange/

also,

FHIR is broken up into 13 modules to organize and guide set-up

One of these modules is called the Diagnostics module

This diagnostics module describes ordering and reporting of clinical diagnostics, which includes laboratory testing and imaging. Because diagnostic resources are patient data, users need to have a required security and private policy for searching and pulling any information related to:

Recording a patient’s temperature

Reporting a image study

Reporting a laboratory test

https://www.tibco.com/glossary/what-is-hl7-fhir

GL Vas

Morning InvestorBill,

Read what NHS England have to say about FHIR...it does sound very encouraging , well done . Good find i think.

"Learn about how we are using Fast Healthcare Interoperability Resources (FHIR) to make integration with our APIs and services easier"

https://digital.nhs.uk/services/fhir-apis

Dated 26th May 2025

“Reaching the Unseen: How Population Health Screening is Transforming India’s Fight Against Tuberculosis”

Again if link does not work put title in search, if interested.

https://www.linkedin.com/pulse/reaching-unseen-how-population-health-screening-transforming-gouyc?trk=article-ssr-frontend-pulse

Title of article.

“India’s Silent Breath Crisis: How Population Health Screening Can Transform Asthma Care”

“ Asthma is a manageable chronic illness, but in India, it remains dangerously underdiagnosed and undertreated. The numbers are sobering:

India has over 34 million people living with asthma, the highest globally

The country accounts for 42% of global asthma-related deaths

Nearly 80% of asthma cases in India remain undiagnosed or misdiagnosed, especially in rural and underserved areas

This gap in diagnosis and care doesn’t exist due to a lack of solutions — it persists because of limited awareness, misconceptions, and lack of access to early screening.”

If the TB opportunity eventually works out for FDBK in India then the breathless opportunity should also be a consideration, surely.

Won’t let me copy entire link, so just copy and paste title into search , if interested.

https://www.linkedin.com/pulse/indias-silent-breath-crisis-how-population-health-screening-eyeff?trk=article-ssr-frontend-pulse/in

https://www.linkedin.com/pulse/indias-silent-breath-crisis-how-population-health-screening-eyeff?trk=article-ssr-frontend-pulse

Surely an opportunity here !

"£76 million opportunity for a converged digital imaging platform opens in West Midlands....The contract is currently valued up to £76 million, for an estimated duration of 10 years starting from April 2026 and the potential for extension up to 15 years....

"The purpose of the platform is to support the imaging departments within 15 different trusts, offering clinical imaging, radiology services and the future incorporation of other specialities such as pathology and cardiology.

According to the trust, the platform will be used as a “modern, future-proof solution”, providing a centralised system that will “replace the independently procured systems currently used by each trust”. It aims to offer additional functionality, such as the automation of workflows as well as improvements for cross-site image and related-data sharing, reporting and scheduling."

https://htn.co.uk/2025/05/22/76-million-opportunity-for-a-converged-digital-imaging-platform-opens-in-west-midlands/

West Midlands Imaging Network

"Our vision is to deliver a high-quality CDIP for Trusts which provide seamless access to images and data, reduces current imaging costs, delivers reduction in outsourced reporting and enables home working, OOH workflows and training opportunities .................Our Imaging Network values collaboration of our members, and by developing a platform where images, reports, and worklists are shared, we will be able to unlock new ways of working. By bringing people together via shared REALM meetings, opening access to more high quality expert opinions and training, we will seek to improve care to the 6.6 million people who live across our region.

Worth a read

https://wmidsimagingnetwork.nhs.uk/workstreams/digital/

"The Department of Health and Social Care (DHSC) has emphasised that “fundamental reform of the NHS is urgent” and confirmed that the 10-Year Health Plan will feature reforms set to begin in the initial months post-publication"....

"While the plan was expected to be published in June, HSJ reports that the document is now likely to be published in late June or early July."

https://www.aop.org.uk/ot/news/2025/05/22/fundamental-reform-of-the-nhs-is-urgent

This guy has been following events very closely this past six months ….see his other blogs .

https://www.linkedin.com/pulse/heads-up-what-we-see-over-next-few-weeks-rd-industry-liam-cahill-dklwe

Well. M have walked away ! Confirmed at last !!

Now we have the first of the "promised parties" that we were informed about recently, that were in talks with INC

"Talks with a number of parties about potential market entry points in different jurisdictions".

Hopefully, they can build the sales up from here, world wide.

IF they can shift 100,000 units by year end at year end which they have stated will give them

"Greatly increased gross margins attributable direct to the Company"

then i think they could make revenues greater than the actual Market Cap of the company today, but anywhere near that would be a v. good.

From memory i think INC originally were looking at $100 retail, with a $30 gross profit to INC per unit after costs.

If they sell direct then possibly they could double this so INC receive somewhere between approx £60 plus per unit gross possibly !

All just depends on how the products sells, and how many distribution / sales channels / chains etc INC can muster going forward world wide.

IMO, this has to be the first of many different retail channels announced ( I Hope) , going forward .

Why Beauty Influencers Are Crucial in Beauty Marketing

https://soaster.com/why-beauty-influencers-are-crucial-in-beauty-marketing/

GL Vas.

Can I ask, Does KMK hold the patent for this type of dense tissue solution in this article or can any players in this space also develop similar solutions..is this unique to KMK.

".Dense tissue shows up as white on mammograms, but tumours are also white - so they can be hard to detect."

"Chief executive Dr Arnab Basu hopes his machine will also detect these difficult-to-diagnose breast cancers."

and larger potential market, possibly

"Prof Kris Thielemans, professor in medical imagine physics at UCL, said the collaboration between teams had "made excellent progress", adding he believed the technology had "considerable potential" for use beyond breast imaging"

Cheers Vas

Sorry,

Anyone know if legally INC have a responsibility to RNS any material news - regardless of whether it is positive or negative? My basic understating is they do need to treat both outcomes ( good news / bad news in a similar fashion if it effect future trading.

My basic understanding was that the third party accusations where made to INC, the future revenue trading targets for March 25 where cancelled - so we know M&W froze the trading agreement at this time. Is it still frozen, or is it getting warmer ! , or if its canceled permanently why did they not announce it at the time, or at least now. They must need to RNS it surely.

Hi Howard.

I'm invested same as you. Should call it gambled really. I'm also annoyed and frustrated at where the company is today.

M & W have either walked away or INC are pursuing to get the deal bac on track BUT do not feel appropriate to comment on this as maybe its a slow process and they do not know the outcome either yet.

What is on my mind is for around 12-18 months INC put our regular updates on their partnership with M and Watson, increasing orders, massive rollouts planned etc and big profits expected - interviews galore . Watson and M were their only customer ! I find it amazing that IF M & W have walked away from the deal ( would have happened earlier this year IMO) , surely INC would be required to announce this as material news, via RNS ..how could it be any less material news. - only customer.

They have chosen so far to remain silent regarding M&W which ( my gamble here) is that the deal could be still a possibility and that they need to be very careful how they word any rns involving M&W at the present time.

Meanwhile, WE ARE Informed that the threat is over, they are now in talks with other distributors and possibly chains world wide...this news was RNSd as could be material news in future , and was given regardless of what is actually the situation with M&W ....of course i may be totally wrong with my gamble but at times like this when no ( M&Watson ) news is forthcoming - you have to revert back to the RNSs as these are all we have - and should be factual - but remembering that often it is what is not said, that is just /or more important than what is said. The M&W deal being off was not mentioned , so maybe its not factual and like i said still being discussed / or trying breath life back into it.

I have no ulterior plan to influence anyone, writing on these BBs is a waste of time if your hoping to change the share price , we have only a handful of posters and we are all in the Sh&T together - but please take any observations i make with a pinch of salt - i do it just so I can add my opinion as a gambler.

If I'm right about M&W still alive and kicking then this share price is a steal , and if i am wrong then unless they give us some news on some meaty distribution deals with projected profits etc then the future may not look so good. GL Vas

Anyone know if legally INC

An RFI, or Request for Information, is a document used in business to gather general information about potential suppliers, products, or services.

https://nhse-dsic.atlassian.net/wiki/spaces/SPR/overview

Full SPR document can be accessed at bottom of page

Suppliers are invited to complete the questionnaire included in this RFI and return the completed

questionnaire electronically in MS Word format by sending to england.supplier@nhs.net by

19/05/2025

https://nhse-dsic.atlassian.net/wiki/spaces/SPR/overview

I imagine the information gathered info, Along with selected suppliers will inform the awaited 10 year plan due sometime from June onwards…which I think will have the single Patient Record as a priority ……

Morning Rebarm.

According to FDBK their Bleepa solution is ….

“ is the only system that allows clinicians to communicate instantly and securely via mobile devices, including the sharing of diagnostic-quality images as well as historical records, blood test results and case management”

This was information was repeated / confirmed in Dec 24 and is crucial going forward ….and if Bleepa is the only “safe” product available within the NHS and beyond we should be in a excellent position this summer while budgets are spent awaiting the “ new ten year NHS plan “ which is expected to be highly supportive of digital nhs and is expected sometime during this summer…..fingers crossed that FDBK really do have the only real solution and is also the only one that’s fully compliant security wise.

http://feedbackmedical.com/feedback-medical/a-budget-for-a-new-nhs/

“ Our work is directly relevant to this new agenda. Our key product, Bleepa®, is the only system that allows clinicians to communicate instantly and securely via mobile devices, including the sharing of diagnostic-quality images as well as historical records, blood test results and case management. We have documented the savings in staff time and the consequent improvements in the patient journey, with a high proportion of outpatient appointments becoming unnecessary.”