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BCAL Diagnostics Secures $2.5 Million R&D Tax Rebate for Cancer Detection Advancements

Story Highlights
  • BCAL Diagnostics focuses on early cancer detection with products like BREASTEST plus™.
  • BCAL received $2.5 million from the R&D Tax Incentive to enhance its cancer detection tests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BCAL Diagnostics Secures $2.5 Million R&D Tax Rebate for Cancer Detection Advancements

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The latest announcement is out from BCAL Diagnostics Limited ( (AU:BDX) ).

BCAL Diagnostics Limited has received approximately $2.5 million from the Australian Government’s R&D Tax Incentive, aiding its development of early cancer detection tests. This funding supports the commercial launch and enhancement of its BREASTEST plus™ product, which now covers 50% of eligible women with dense breasts, bolstering BCAL’s position in the women’s health sector.

More about BCAL Diagnostics Limited

BCAL Diagnostics Limited is an Australian healthcare company focused on early cancer detection. It has launched BREASTEST plus™, a non-invasive blood test designed to improve breast disease screening and diagnostics for women with dense breasts. BCAL holds exclusive licenses for precision diagnostic tests from ClearNote Health Inc. and is listed on the Australian Securities Exchange.

Average Trading Volume: 474,638

Technical Sentiment Signal: Buy

Current Market Cap: A$33.84M

For an in-depth examination of BDX stock, go to TipRanks’ Overview page.

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