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NANO-X IMAGING LTD (Nasdaq: NNOX) is at the forefront of revolutionizing medical imaging through its cutting-edge nanotechnology. The company is developing the next generation of X-ray emitters that aim to bring X-ray imaging into the digital era. Its primary offering, the Nanox System, is a combination of hardware and software designed to enhance and modernize medical imaging.
The key component of this system is the Nanox.ARC, a digital X-ray source that incorporates novel nanotechnology to create detailed 3D images. Accompanying this is the Nanox.CLOUD, a cloud-based software platform that enables the delivery of medical screening as a service.
Nano X Imaging Ltd has made significant strides with its Nanox.AI subsidiary, which focuses on deep-learning medical imaging analytics. This arm of the company leverages AI technology to extract valuable clinical insights from routine medical imaging, facilitating early detection and preventative care pathways for patients globally.
One of the latest achievements includes a remarkable study conducted in partnership with the NHS under the Falls and Fragility Fracture Audit Programme (FFFAP). The study revealed a substantial increase in patient identification for spine fractures using the Nanox.AI algorithm, surpassing the national average by up to sixfold. This success highlights the potential of AI-powered solutions in early diagnosis and improved patient care.
Moreover, Nanox has been actively involved in enhancing its AI capabilities with the development of HealthVCF and its updated version HealthOST, both of which received FDA 510(K) clearance. These AI tools focus on highlighting low bone mineral density and measuring the severity of vertebral compression fractures, thus playing a crucial role in osteoporosis management.
The company also offers Second Opinions, an online medical consultation service through its subsidiary USARAD Holdings INC. This platform integrates Nanox.AI's FDA-cleared AI solutions, allowing patients to gain second opinions from medical experts, promoting early detection and preventive management of chronic conditions.
By providing accessible and affordable diagnostic tools, Nanox's vision is to improve early detection and treatment, thereby enhancing global health outcomes and saving lives. The company's comprehensive ecosystem—including Nanox.ARC, Nanox.AI, Nanox.CLOUD, and USARAD's teleradiology services—creates an innovative network connecting medical imaging solutions from scan to diagnosis.
NANO-X IMAGING LTD (NASDAQ: NNOX) has completed its merger with Zebra Medical Vision, Ltd., valued at approximately $110 million, with additional stock options worth up to $84 million contingent on performance milestones. The Company also acquired MDWEB, LLC and USARAD Holdings, Inc. for around $20 million in stock and cash, with potential additional payments of $10 million. These strategic acquisitions aim to enhance Nanox's AI-powered imaging solutions, addressing the global shortage of radiologists and improving healthcare delivery.
NANO-X IMAGING LTD (NNOX) is set to report its third-quarter results for the period ending September 30, 2021, on November 17, 2021, before market opening. Ran Poliakine, the CEO, along with Erez Meltzer, the newly appointed CEO effective January 1, 2022, will lead a conference call at 8:30 a.m. ET to discuss the results and provide a business update. Interested parties can join via phone or webcast. Nanox aims to transform medical imaging with its innovative digital X-ray technology.
NANO-X IMAGING LTD (NNOX) has partnered with International Clinics Group to enhance medical imaging accessibility in Chile, Bolivia, and Peru. This collaboration aims to deploy the Nanox System, which includes the Nanox.ARC imaging device and Nanox.CLOUD services, across various healthcare facilities, subject to regulatory approval. The initiative addresses the shortage of medical imaging in rural areas, where access is limited. The World Health Organization indicates that two-thirds of the global population lacks adequate imaging services, emphasizing the need for such advancements.
NANO-X IMAGING (NNOX) announced the 8th FDA clearance for its Coronary Artery Calcium solution, enhancing its population health offerings via Zebra Medical Vision. This follows a merger agreement with Zebra aimed at expanding AI-based diagnostic capabilities for chronic conditions. Nanox aims to revolutionize medical imaging with its digital X-ray technology, potentially lowering costs and improving access to early detection services. The company highlights risks linked to acquisitions and regulatory clearances in its forward-looking statements.
Zebra Medical Vision has announced its eighth FDA 510(k) clearance for the HealthCCSng solution, designed to quantify coronary artery calcium (CAC) in existing non-gated CT scans to identify patients at risk for cardiovascular disease. This innovation aims to facilitate early diagnosis and treatment, thereby reducing healthcare costs. Zebra-Med's collaboration with Nanox is expected to enhance its AI capabilities and reach, supporting population health management and preventative care. The company emphasizes its commitment to improving healthcare outcomes through advanced imaging technologies.
Nano-X Imaging Ltd (Nasdaq: NNOX) announces an AI Vision event on October 27, 2021, at 8:30am ET. Hosted by Chairman and CEO Ran Poliakine and Director Erez Meltzer, the event will showcase the integration of AI technologies with Nano-X's imaging solutions, Nanox.ARC and Nanox.SOURCE. This initiative aims to enhance medical imaging systems' affordability and accessibility. The company seeks collaborations with healthcare organizations to provide early detection services. For more details, visit www.nanox.vision.
Nanox, a pioneering medical imaging technology company, announced that its CEO, Ran Poliakine, and Executive Chairman, Erez Meltzer, will present at the Cantor Fitzgerald Global Healthcare Conference on September 29, 2021, at 9:20 AM ET. A live webcast will be available through the company's website, with a replay accessible afterward. Nanox is focused on revolutionizing medical imaging by developing an affordable digital X-ray source aimed at collaboration with leading healthcare organizations to improve early detection imaging services.
Nanox to Host Business Update Webcast
On August 12, 2021, Nanox, a medical imaging technology company traded under NASDAQ: NNOX, announced a Business Update Video Presentation scheduled for August 16, 2021, at 8:30 am ET. CEO Ran Poliakine and senior leadership will discuss company advancements. Interested participants can register through the provided link. Nanox aims to reduce medical imaging costs with its innovative digital X-ray technology and seeks collaborations for affordable imaging services.
Nanox has announced a merger agreement with Zebra Medical Vision for $100 million upfront and $100 million in milestone payments. Additionally, it has entered a binding letter of intent to acquire USARAD Holdings Inc. for $30 million, comprising $21 million in shares and $9 million cash. These acquisitions aim to create a globally connected radiology solution and enhance population health management. Notably, Zebra Medical brings advanced AI technology and established relationships with healthcare providers worldwide.
NANO-X IMAGING LTD (NASDAQ: NNOX) announced a merger agreement to acquire Zebra Medical Vision for $100 million upfront and additional milestone payments. The company also signed a letter of intent to acquire USARAD for $30 million. These acquisitions aim to enhance their global radiology services and population health management. As of June 30, 2021, NANO-X reported a net loss of $13.6 million, with cash reserves of $193.4 million. Management transitions include Erez Meltzer becoming CEO in January 2022, with Ran Poliakine continuing as Executive Chairman.
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