Medipattern shows revenue, loss uptick for fiscal 2007

Medipattern, a developer of computer-aided detection (CAD) medical imaging software for cancer detection, showed an increase in net losses as well as an uptick in revenues for its 2007 fiscal year (end-June 30).

Net loss for fiscal 2007 rose 29.3 percent to Canadian $2.6 million ($2.66 million, U.S.) from $2 million ($2.05 million) in the previous year.

Revenues rose to $516,000 ($528,000), an increase compared with the $282,000 ($288,000) in revenues posted in the 2006 fiscal year.

Around the web

Positron, a New York-based nuclear imaging company, will now provide Upbeat Cardiology Solutions with advanced PET/CT systems and services. 

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.