Virtus Health sells AI software

Australia's largest IVF provider has sold its embryo selection software to a Swedish company.

Recommendation
Virtus Health sells AI software
View company profile for VRT

Date 11 Apr 2019
Current Price $3.88

Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Max Portfolio Weighting
Business Risk
Medium-High
Share Price Risk
High

IVF provider Virtus Health has sold its niche artificial intelligence software, known as Ivy, to Swedish company Vitrolife for US$6m. As part of the deal, Virtus and Vitrolife - a maker of time-lapse incubation systems used in IVF - also signed a three-year collaboration agreement to ensure continued development of the technology, and Virtus will be entitled to a further US$2m if certain developmental milestones are reached. Ivy helps fertility specialists predict the most viable embryos prior to implantation, which reduces the time to pregnancy, though it's still at an early stage of development and we don't consider the sale to be material to Virtus's valuation. 

{{content.question}}

Free Insights Membership Premium 15 Day Free Trial
Create a free account, and get access to Insights, Research Tools & Portfolio Manager. Create a Premium account, and enjoy 15 day free trial, with unlimited access to all our research & services.

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

A text message with your verification code was just sent to {{user.DayPhone}}

We cannot send you a code via SMS to {{user.DayPhone}}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

We'll send you a text message with a verification code to start your free trial.

Log in

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

Thank you

We have sent you an email with the details of your registration.

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
Mobile phone number is invalid.
You must accept the terms and conditions.

Already a an InvestSMART member? Log in

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

OR

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.
Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

{{ upgradeCTAText }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.


Please make sure your payment details are up to date to continue your membership.


Having trouble renewing?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

You've recently updated your payment details.

It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.


If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.


Still having trouble viewing content?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

Please click on the ACTIVATE button to finalise your membership

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.
Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Upgrade Today
No lock-in contract. Cancel anytime.
Billing type
Monthly Yearly
Billing information
You will now be charged AUD {{ priceInDollar }} as a recurring {{ intervalText }} payment (includes GST). Cancel anytime.
Membership Price ({{intervalText}})
{{priceInDollar}}
Discount
-{{productDiscount}}
GST
{{productGST}}
Remaining credits from your existing subscription will be used towards your new subscription. You will now be charged {{ productPrice }}.
Remaining Credits
{{migrationCredit}}
TOTAL   (inc. GST)
{{productPrice}}
Card Details Edit
visa
visa

Unsuccessful registration

Registration for this event is available only to members. View our payment options for more information.

{{eventFunction.Name}}
{{eventFunction.EventTypeName}}
{{eventFunction.StartDate}}
{{eventFunction.EventTimings}}
{{eventFunction.VenueName}}
{{ t.Cost === 0 ? "FREE" : "$" + t.Cost.toFixed(2) }}

Forgotten password

Please enter your email address below to request a new password

Email is required.
Email must be a valid email.

Not a member? Sign up

Already a an InvestSMART member? Log in

Related Articles