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Pro Medicus Limited (ASX:PME)
ALERT: Price-sensitive ASX Announcement for PME
Current share price for PME : $185.660 6.67 (3.73%)+
Announcement
Release
25 Jun 2026 8:51AM
Price at Release
$178.990
Full Release
Summary
Echo IQ Limited has secured a binding Heads of Agreement (HOA) with Pro Medicus Limited to establish a strategic investment and commercial partnership. The agreement involves an initial A$10 million investment by Pro Medicus, with an option for an additional A$10 million contingent on FDA clearance of EchoSolv HF. The partnership aims to leverage Pro Medicus' extensive network in the US healthcare market and accelerate the commercialisation of Echo IQ’s AI-driven cardiac diagnostic technology. The collaboration is seen as a significant milestone validating the clinical utility and commercial potential of Echo IQ's solutions.
Key Points
- Binding Heads of Agreement with Pro Medicus Limited.
- Framework for strategic investment and US commercial partnership.
- Initial USD 10 million investment with an option for a further amount contingent on FDA clearance.
- Pro Medicus to become a proposed reseller of EchoSolv.
- Partnership aims to accelerate US commercialisation activities.
- Aligns with Pro Medicus' global healthcare technology leadership.
- Potential access to extensive network of US health systems.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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