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IN BRIEF: IQ-AI shares rise with submission of application to US FDA

31st May 2022 13:26

IQ-AI Ltd - Jersey-based medical services firm - Says subsidiary Imaging Biometrics LLC submits 510(k) application to US Food & Drug Administration for IB Zero G, an artificial intelligence software that eliminates the need for gadolinium-based contrast agents in routine magnetic imagining exams. "The FDA 510(k) submission is the first step in potentially transforming the global gadolinium-based contrast agent market and introducing a paradigm shift in radiology departments," company says.

Current stock price: 4.35 pence, up 8.8% on Tuesday

12-month change: down 42%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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IQ-AI
FTSE 100 Latest
Value8,809.74
Change53.53