Paincheck is a company I probably trade more emotively than technically as I find their combination of smart phones and AI based pain detection one of those great and obvious innovative matches made in technology heaven. You only have to watch as Apple adds more and more health monitoring hardware and software to their portable and wearable devices. They are both gradually working their way up to becoming an early Star Trek Medical Tricorder and I keep waiting for someone like an Apple to simply turn around and buy Paincheck and integrate their technology into all of their devices.
Paincheck announced today that they are going to try and apply their technology to detecting pain in infants partnering with Melbourne's Murdoch Children’s Research Institute (MCRI)which is the largest child health research institute in Australia and one of the top three worldwide.
About the existing PainChek Adult App
The PainChek Adult App is a clinically validated and regulatory cleared technology that uses automated facial recognition and analysis to identify, quantify and monitor pain in adults that are unable to verbalise their pain. The PainChek Adult is under annual contracts covering more than 80 aged care facilities which are in the process of being implemented across Australia helping to better assess pain severity levels for residents living with dementia and cognitive impairment.
In the past few months the Australian Federal Government announced it will invest 5M to facilitate the implementation of the company’s pain recognition app in Australian Aged Care Facilities.
The Company has also entered the UK market through a distribution agreement with leading Aged Care software provider Person Centred Software.
It is a small company and pretty volatile stock so I tend to run it with very wide / or no stops. One of those buy it and forget it and hope someone buys it type stocks.
Do your own research of course, but could be worth a watch.
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Might be at an interesting breakout area. I hold but looking to add to my position so would like to see a little volume and another up day to make sure it breaks the right way.
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... and through for a quick 30% gain before another bit of a pull back.