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DIAGNOS Inc. (ADK.V)

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0.4700-0.0150 (-3.09%)
At close: 2:48PM EDT
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Previous Close0.4850
Open0.4700
Bid0.4700 x 0
Ask0.4800 x 0
Day's Range0.4700 - 0.4700
52 Week Range0.1400 - 0.7700
Volume23,135
Avg. Volume101,880
Market Cap30.844M
Beta (5Y Monthly)0.50
PE Ratio (TTM)N/A
EPS (TTM)-0.0460
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.85
  • ABN Newswire

    DIAGNOS (ADK.V) Enters into Exclusive Distribution Agreement to Access Massive Global Healthcare Market in DACH Countries and Central Europe of Over 140 Million People

    Diagnos Inc. (CVE:ADK) (OTCMKTS:DGNOF) (FRA:4D4A), a leader in early detection of critical health issues through the use of its FLAIRE platform based on Artificial Intelligence (AI), announces today the signing of an exclusive distribution agreement with Diagnos Europe GmbH.

  • DIAGNOS Enters into an Exclusive Distribution Agreement to Access Massive Global Healthcare Market in DACH Countries and Central Europe of Over 140 Million People
    GlobeNewswire

    DIAGNOS Enters into an Exclusive Distribution Agreement to Access Massive Global Healthcare Market in DACH Countries and Central Europe of Over 140 Million People

    BROSSARD, Quebec, April 06, 2021 (GLOBE NEWSWIRE) -- Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK) (OTCQB: DGNOF) (FRA: 4D4A), a leader in early detection of critical health issues through the use of its FLAIRE platform based on Artificial Intelligence (AI), announces today the signing of an exclusive distribution agreement with Diagnos Europe GmbH (“Diagnos Europe”), a new partner for DIAGNOS to tackle the strategically important DACH countries in the European market (Germany, Austria, Switzerland) and the surrounding countries Poland, Luxembourg and Liechtenstein in order to prepare a successful market entry for the Company’s products and services in Central Europe, a crucial territory for DIAGNOS with a significant market potential in access of more than 140 million people. DACH is an abbreviation and D stands for Deutschland (Germany), A, Austria, and CH, Confoederatio Helvetica, (Switzerland). Therefore, it refers to the mostly German-speaking center of Europe. The DACH economy is one of the most stable in the entire world since the end of World War II and it is by far the largest and most promising market for IT and AI in Europe. Diagnos Europe is fully specialized on go-to-market strategies and services in the DACH countries and have developed for DIAGNOS a variety of market entry strategies offering the Company a practical and effective launch pad into the DACH market. Just as the DACH region has become established as Europe’s most important region for the optical market, DIAGNOS will be benefiting from the forthcoming market entry developments and has in addition that long tapping into European potential. The German market, in particular, plays a leading role in the optical industry and thus also for the Company and Diagnos Europe in terms of preparing the implementation of specific sales activities. Alongside the French market, which DIAGNOS is also targeting at the same time, the German-speaking market is the most important in Europe and also the most interesting for the company as a result of its stable growth rates over the past several years. For 2019, the German optical industry was able to record its most successful financial year in a decade, far outperforming other European markets (total sales compared to 2018 were up by 5.4% at EUR 4.7 billion; 2019 thus exceeding all expectations and a continuation of the growth trend that has persisted since 2011. Opticians and optometrists have continuously been able to look forward to a further increase in turnover, which rose to almost EUR 6.5 billion in 2019 and even more in 2020). The healthcare systems in the DACH region are among the best in the world. In Switzerland, in particular, the Healthcare Professions Act (Gesundheitsberufegesetz), which came into force at the start of the year, has placed the industry in a more important position in terms of healthcare. Optometric services, screenings and preventative eye health play an increasingly important role as well in the markets of Germany and Austria, which are similar despite the difference in size. Demographic changes and people’s growing responsibility for their own health indicates that the positive forecasts for the future, which were made before the corona crisis, should continue to hold true, which is certainly a clear market potential for DIAGNOS in the DACH region. For example, a large majority of patients with diabetes who develop diabetic retinopathy have no symptoms until damage to their vision is irreversible. While annual ophthalmic screening is recommended for all those with diabetes, even in the developed world, typically less than half get screened. The number of diabetics in the DACH countries is evaluated at over 10 million in a total population of 140 million people. Adding to this is the limited number of ophthalmologists, healthcare providers with a retinal (fundus) camera, and a historical delay in ophthalmologist appointments for screening or remote image reading. “Our goal is to launch our concerted European sales efforts in the DACH region (Germany, Austria and Switzerland), plus Poland, Liechtenstein and Luxembourg in the heart of Central Europe. DIAGNOS’ extensive network in these countries, combined with the Company’s AI technology, provides the opportunity to access and serve a significant number of European patients with high levels of risk of losing their vision due to diabetes. There is an immediate need for DIAGNOS’ AI technology to address the huge backlog generated by the pandemic”, said Mr. André Larente, CEO of DIAGNOS. “We understand the demand for early detection and treatment of the disease and the economics this represents in our market. Without a doubt, we’ll accomplish the goal to enable DIAGNOS to access the specialists and patients in need by laying the foundation for DIAGNOS’ European market entry”, added Mr. Rolf Kaewel, Managing Director of Diagnos Europe. “DIAGNOS complies with the highest standards in terms of delivering precision results and in real-time, so the referral of patients is done effectively. Our AI technology enhances the experience of the patient and our indications shows that at least 9% of referrals will be sent to the specialists so they can be treated properly,” added Mr. Larente. “Europe is the region in the world with the largest population of diabetes between ages 0-14, and 20-79 and at least 75% live in urban areas where the prevalence is at least 12% or more creating a huge market potential for DIAGNOS”, concluded Mr. Larente. About DIAGNOS:DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical health problems based on its FLAIRE Artificial Intelligence (AI) platform. FLAIRE allows for quick modifying and developing of applications such as CARA (Computer Assisted Retina Analysis). CARA’s AI-based image enhancement algorithms provide sharper, clearer and easier-to-analyze retinal images. CARA is a cost-effective tool for real-time screening of large volumes of patients. CARA has been cleared for commercialization by the following regulators: Health Canada, the FDA (USA), CE (Europe), COFEPRIS (Mexico) and Saudi FDA (Saudi Arabia). Additional information is available at www.diagnos.com and www.sedar.com This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information, please contact: Mr. André Larente, President DIAGNOS Inc. Tel: +1-450-678-8882 ext. 224 Email: alarente@diagnos.ca

  • DIAGNOS, following a successful Proof-of-Concept (POC) pilot study, is finalising its new application CARA-STROKE to address Stroke prevention and management, a market estimated at $36 Billion
    GlobeNewswire

    DIAGNOS, following a successful Proof-of-Concept (POC) pilot study, is finalising its new application CARA-STROKE to address Stroke prevention and management, a market estimated at $36 Billion

    BROSSARD, Quebec, March 09, 2021 (GLOBE NEWSWIRE) -- Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK) (OTCQB: DGNOF), a leader in early detection of critical health issues through the use of its FLAIRE platform based on Artificial Intelligence (AI), announces today the final step of the development of its STROKE predictor (CARA-ST) based on images of the retina. Following the completion of a successful POC pilot study with over 3,000 patients, DIAGNOS is now ready to proceed with clinical trials. As per the Centers for Disease Control and Prevention (CDC), strokes are the cause of 1 out of every 20 deaths, representing a cost of approximately 34 billion USD per year in the United States. According to the World Health Organization, 15 million people suffer a stroke worldwide each year. Of these, 5 million die and another 5 million are permanently disabled. High blood pressure contributes to more than 85% of strokes worldwide. Europe averages approximately 650,000 stroke related deaths each year. Hence, early diagnosis and treatment to prevent deaths from stroke is a time sensitive necessity. Stroke prevention devices are currently used to reduce the risk of a recurrent stroke in patients and have been shown to lower the overall risk. “CARA-ST will be able to predict the viability of developing a stroke condition based on the micro circulation analysis of the retina image of the patient. DIAGNOS has been developing this technology for the last four years and because of the conditions brought on by the COVID-19 pandemic, we were able to expedite the final testing and development of our new application,” said Mr. Riadh Kobbi, Vice President Data Science at DIAGNOS. “According to new reports published by worldwide research institutes, the market size for Stroke Management will hit over $36 Billion dollars by 2023. DIAGNOS intends to be part of the solution by making available an affordable predictive test to the general public. At DIAGNOS we have continued to invest in Research and Development, furthering the creation of our intellectual property by partnering with Quebec government programs and local university (ETS) to ensure we stay ahead of competition worldwide. This year our new stroke management application will be field tested in multiple countries. For our investors this ground-breaking test comes at an ideal time in terms of shareholder value creation as the combination of both CARA-DR and CARA-ST tools will be transformational in helping to monitor the health of existing and future CV patients,” said Mr. André Larente, President of DIAGNOS. About DIAGNOS DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical health problems based of its FLAIRE Artificial Intelligence (AI) platform. FLAIRE allows for quick modifying and developing of applications such as CARA (Computer Assisted Retina Analysis). CARA’s AI-based image enhancement algorithms provide sharper, clearer and easier-to-analyze retinal images. CARA is a cost-effective tool for real-time screening of large volumes of patients. CARA has been cleared for commercialization by the following regulators: Health Canada, the FDA (USA), CE (Europe), COFEPRIS (Mexico) and Saudi FDA (Saudi Arabia). Additional information is available at www.diagnos.com and www.sedar.com This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information, please contact: Mr. André Larente, President DIAGNOS Inc. Tel: 450-678-8882 ext. 224 alarente@diagnos.ca