Forum Topics EIQ EIQ Media

Pinned straw:

Added 3 months ago

Hot copper email sent out sharing a next investors article about EIQ. ("The Company has been engaged by EIQ to share our commentary on the progress of our Investment in EIQ over time").

Headline is that FDA approval could be any day now. The article does give a detailed run down on the company and outlines the risks. Their view is that it will take at least 12 months to ramp up sales. It does note that they have an investment in the company and include their investment memo.

Highlights of their thesis

"The data shows that the AI algorithm works.

Imminent share price catalyst in potential aortic stenosis FDA approval.

Multi-billion dollar market target for “heart failure” diagnostics assistant.

Second catalyst for FDA approval on heart failure could be within 12 months.

Exclusive commercial access to the world's biggest heart data repository

Clear pathways to commercialisation in the USA - the biggest healthcare market in the world.

SaaS revenue model, potential to rapidly grow revenue and/or secure large licensing deals.

Cost savings, 3 seconds until results, removing bias"

Could provide some momentum to the SP.

Disc: held in SM and RL

Aaronfzr
Added 3 months ago

What are we to make of these messages? I saw the email and it read like a pump-and-dump to me.

Im interested in the stock but question the business model and relevance of insurer reimbursement. IMO the main application of the tool will be in workflow improvement rather than diagnostic utility - and this has been recognised by the firm too. In that case, I cant see extra reimbursement coming from payers, but rather that clinics will absorb the cost because of potential net time/cost savings offered.

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Aaronfzr
Added 3 months ago

Trading halt today, probably FDA approvals to be announced? Was I wrong to be sceptical of the media hype? We'll find out on wednesday!

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