zAngus

$CDX - CARDIEX - Running on acquisition news

Long
zAngus Updated   
ASX:CDX   CARDIEX LIMITED
Micro cap that might be worth a look. I like the space that both of these companies are in. It might languish for a little now the news is out but could be a a good opportunity for a small entry play with the pull back. See what happens when the market opens tomorrow.

CardieX Update on the Acquisition of 50.5% of inHealth

About CardieX

CardieX Limited is a global health technology company that develops digital and device based solutions for largescale population health disorders. The Company’s XCEL device is the world leader in measuring “central blood pressure” which is considered essential for the management of hypertension and related cardiovascular disorders. CardieX also has a joint venture partnership with Blumio, Inc in Silicon Valley for the development of a radar-based blood pressure sensor incorporating CardieX technology. In November 2018 CardieX entered into an agreement with telehealth services provider, inHealth Medical Services, Inc, allowing CardieX to acquire up to 50.5% of inHealth by way of a convertible note.

About inHealth

inHealth Medical Services Inc, is a leading US provider of telehealth services, providing digital, e-commerce and mobile tools for patients to connect online with health coaches as part of a patient care program. inHealth’s patient care programs are based on long-term clinical trials that demonstrate superior patient outcomes through the use of telehealth coaching services. inHealth has partnerships with some of the leading healthcare institutions in the USA including Anthem, American Well, and Kaiser Permanente.
Comment:
Took a punt this morning at 55. Announcement came out in the morning. Of course good news normally means the share price will go down :D

CardieX’s Ground-Breaking SphygmoCor® Technology
Once Again Validated in Chinese Clinical Study. Report is
Timely as CardieX Embarks on a Major Licensing, OEM,
and Product Strategy Focus in China in 2019.
Comment:
Running well so far. Id like to see it confirm support over .060 and continue its run.

Comment:
I got out of this one at 63. Its fallen away quite a bit since then. Someone in one of the forums thought it might be at its bottom, but I don't see any evidence of that on the indicators I use. Better stocks about.

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