Micro-X Ltd (ASX:MX1) Awarded $4.4M Grant for Ambulance Head CT Trials
Grant Award and Project Overview
Micro-X Ltd has been awarded a $4.4 million grant by the Australian Government’s Industry Growth Program to develop and trial a world-first stroke-capable ambulance using its Head CT device. The two-year funding will support the manufacturing of the ambulance-ready Head CT prototype and real-world patient imaging trials in partnership with the South Australian Ambulance Service and Royal Adelaide Hospital.
Head CT Technology
The Head CT device, weighing approximately 70kg, is a tenth of the weight of traditional CT scanners, allowing it to be fitted into standard ambulances. This portable CT scanner uses Micro-X’s patented NEX Technology X-ray tubes, enhancing dose efficiency and reducing system costs.
Ambulance Trial Details
The trial aims to integrate the Head CT with telemedicine, develop new paramedic training programs, and establish emergency protocols. It includes phases for patient imaging, data collection for regulatory submissions, and a reader study to demonstrate clinical acceptance. Successful trials will support the global commercial launch of the Head CT device.
Executive Comments
CEO Kingsley Hall stated, “This award of $4.4 million in non-dilutive funding is a significant step towards getting our stroke diagnosis device into ambulances around the world. Stroke is the second leading cause of death globally and we know that time to treatment is pivotal – we must find ways to get patients diagnosed and treated faster. This award will see us undertake a world-first standard ambulance stroke patient imaging trial, in partnership with the South Australian Ambulance Service. We are proud to lead this innovation with the Australian Stroke Alliance and deliver a new global standard in emergency stroke care.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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