Pro Medicus (ASX:PME) pens $6M agreement

Company News

by Katrina Bullock

A wholly-owned US subsidiary of health imaging company, Pro Medicus (ASX:PME) has penned a 5 year, multi million dollar agreement with Nines.

Pro Medicus CEO Dr Sam Hupert says “the team behind Nines are incredibly well known and respected in machine learning, AI, and radiology circles. Partnering with them will allow us to support their efforts to develop future products with our highly optimised Visage 7 cloud-based solution for on-demand reads.”

Pro Medicus are expected to accrue in excess of $6 million over the life of the contract, with implementation in the next few weeks in order to go live in the second quarter of the 2020 calendar year.

Shares in Pro Medicus (ASX:PME) are trading 2.1 per cent higher at $24.01.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.