Conversation 158:
Resapp technology now in clinical use in COVID-19 fight.
Following a one month trial at a federally funded COVID-19 respiratory clinic in Queensland, ResApp Health Limited's (ASX: RAP), ResAppDx-EU smartphone app has been put into clinical use.
Health Hub Doctors Morayfield was the first respiratory clinic established with federal government funding to take pressure off local hospitals by treating mild-moderate respiratory illnesses and assessing patients requiring COVID-19 testing. What impact will this have on the stock?
ResAppDx-EU is being used by doctors at the clinic to triage patients who present with respiratory symptoms, helping identify illnesses such as lower respiratory tract infections, pneumonia, asthma exacerbations and COPD exacerbations, while reducing the need for physical contact during the intital assessment.
The clinic sees up to 300 patients per day and has 65 general practitioners on staff.
Does this means Resapp's technology can be used to detect COVID-19?
I caught up with CEO Tony Keating a short time ago.
A SAMPLE OF RATINGS FOR ARCHER
[CURRENT ON THURSDAY JUNE 26TH 2020]
Morningstar Quantitative Ratings *
Valuation Rating
Undervalued
Fair Value Estimate
0.280
Fair Value Percentage Diff
35.80%
LiquidityHigh
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Morningstar Quantitative Ratings
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