Business
HeartSciences Provides Corporate Update and Reports Fiscal 2022 Financial Results
MyoVista FDA De Novo Resubmission Expected in Current Fiscal Year Completed IPO in June 2022 with Approximately $6.375M of Gross Proceeds Listed on NASDAQ
About this update from Heartsciences Inc.
[{"type":"text","content":"MyoVista FDA De Novo Resubmission Expected in Current Fiscal Year Completed IPO in June 2022 with Approximately $6.375M of Gross Proceeds Listed on NASDAQ Capital Market under Ticker HSCS Southlake, Texas, Aug. 01, 2022 (GLOBE NEWSWIRE) -- – Heart Test Laboratories, Inc. d/b/a HeartSciences (NASDAQ: HSCS; HSCSW) (“HeartSciences” or the “Company”), a medical technology company focused on applying innovative AI-based technology to an ECG (also known as an EKG) to significantly expand and improve an ECG’s clinical usefulness by detecting cardiac dysfunction, today provided a business update and reported financial results for the fiscal year ended April 30, 2022. Recent Highlights Majority of the patient recruitment has taken place for the pivotal clinical validation study of MyoVistaCompleted Initial Public Offering (IPO) with gross proceeds of approximately $6.375 million, significantly enhancing the balance sheetListed on Nasdaq Capital Market under ticker HSCS “The ECG is a ubiquitous, relatively low-cost, simple and quick test; it is portable and can be performed in a wide range of clinical settings by a non-specialist clinician or clinical aide. Our objective is to help address one of the most significant needs in healthcare by making an ECG a far more valuable cardiac screening tool, particularly in frontline or point-of-care clinical settings,” commented, Andrew Simpson, Chief Executive Officer of HeartSciences. “Heart disease is often referred to as the ‘silent killer’ and, according to the American Heart Association, one in three patients are not properly diagnosed until after a heart attack occurs and 50% of men and 64% of women who died suddenly of coronary heart disease had no previous symptoms. Additionally, according to the Centers for Disease Control and Prevention (CDC), one person dies from cardiovascular disease every 36 seconds and heart disease accounts for approximately one in four deaths.” “We believe that there is currently no low-cost, front-line, medical device that is effective at screening for heart disease. As a result, we believe that primary care physicians face a significant challenge in determining if a patient has heart disease. In 2012, the United States Preventive Services Task Force, or USPSTF, conducted an evaluation of conventional ECG testing and stated: ‘There is no good evidence that an ECG ...