Total
0
Shares
ResApp Health partners with Coviu and AGM
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • ResApp Health (RAP) has entered an agreement with Coviu to integrate its respiratory app into the company's telehealth software platform
  • The ResAppDx-EU app is designed to complete diagnostic tests to check for acute respiratory diseases
  • Over 5500 clinicians in Australia use the telehealth platform
  • At ResHealth's AGM, the company tabled integration into Coviu as a key goal for the next six months
  • ResApp Health gained 3.7 per cent this morning with shares trading for 28 cents apiece

ResApp Health (RAP) has entered an agreement with Coviu to integrate its respiratory app into the company's telehealth software platform.

The app, ResAppDx-E, is designed to complete diagnostic tests to check for acute respiratory diseases. The test uses machine learning algorithms to diagnose and measure the severity of respiratory conditions based on sound.

Under the joint development MoU, the two companies will work on integrating the ResAppDx-E respiratory diagnostic test into Coviu's existing telehealth platform.

Work over the next four months will focus on designing a system to ensure the technology is used in appropriate circumstances and followed by the appropriate actions after testing is complete.

Additionally, both ResApp Health and Coviu will negotiate a cost model for the partnership before the end of the agreement.

The Coviu platform was first created by the CSIRO when researching telehealth delivery. Now, over 5500 clinicians across Australia use Coviu to provide consultations via video-call, in particular to people in regional and remote Australia.

Clinical studies in both Australia and the United States found ResAppDx-E accurately diagnoses lower respiratory tract disease, upper respiratory tract infections, asthma/reactive airway disease, pneumonia, bronchiolitis, croup, chronic obstructive pulmonary disease and obstructive sleep apnoea.

At ResHealth's AGM today, the company tabled the integration of ResAppDx-E into Coviu as a key goal for the next six months.

Other milestones the company hopes to achieve in the next six months include a TGA decision on ResAppDx-EU for adults use in Australia and a FDA decision on paediatric use in the USA.

During the last financial year, the company received positive results from an at-home sleep apnoea study and plans to make a submission for CE Mark approval in Europe for its sleep apnoea screening product.

An agreement was also reached to join the Startup Creasphere program with pharmaceutical company Sanofi.

In addition, ResApp Health announced it would develop handheld and wearable devices. A prototype is slated for completion within six months.

ResApp Health gained 3.7 per cent this morning, and shares were trading for 28 cents each at 12:25 am.

RAP by the numbers
More From The Market Herald
Pacific Smiles (ASX:PSQ) raises $15M for dental centre rollout

" Pacific Smiles (ASX:PSQ) raises $15M for dental centre rollout

Dental centre operator Pacific Smiles (PSQ) has successfully completed its $15 million placement.
MGC Pharmaceuticals (ASX:MXC) - Co Founder and Managing Director, Roby Zomer - The Market Herald

" MGC Pharmaceuticals (ASX:MXC) receives boosted ArtemiC order from SPC

MGC Pharmaceuticals (MXC) has received a significantly increased order from Swiss PharmaCan (SPC) for its ArtemiC Rescue product line.
Orthocell (ASX:OCC) - Managing Director, Paul Anderson - The Market Herald

" Orthocell (ASX:OCC) granted inclusion on Australian Prostheses List

Regenerative medicine company Orthocell (OCC) has been granted inclusion on the Australian Prostheses List.
Palla Pharma (ASX:PAL) raises $12.2M to improve working capital

" Palla Pharma (ASX:PAL) raises $12.2M to improve working capital

Pharmaceutical company Palla Pharma (PAL) has raised roughly $12.24 million via a placement and institutional entitlement offer.