Perimeter Medical Imaging AI Partners with Intermountain Health to Study OCT and AI Benefits

Perimeter Medical Imaging AI ( (TSE:PINK) ) has shared an announcement.

Perimeter Medical Imaging AI has partnered with Intermountain Health to explore the clinical, social, and economic benefits of using its OCT and AI technologies to reduce cancer reoperations. This collaboration will initially involve a study on breast-conserving surgery reoperation rates and costs, potentially shaping Perimeter’s commercial and market access strategies. The partnership underscores the commitment to innovation in surgical oncology, with implications for improving patient and provider experiences and expanding the technology’s application beyond breast tissue.

The most recent analyst rating on (TSE:PINK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Perimeter Medical Imaging AI stock, see the TSE:PINK Stock Forecast page.

Spark’s Take on TSE:PINK Stock

According to Spark, TipRanks’ AI Analyst, TSE:PINK is a Neutral.

Perimeter Medical Imaging AI is positioned in a growth phase with strong revenue increases and promising clinical advancements towards FDA approval. However, persistent net losses, cash flow constraints, and bearish technical indicators pose significant challenges. The valuation remains unattractive, but recent strategic corporate events offer potential for future expansion.

To see Spark’s full report on TSE:PINK stock, click here.

More about Perimeter Medical Imaging AI

Perimeter Medical Imaging AI, Inc., based in Toronto, Canada, and Dallas, Texas, operates in the medical technology industry. The company focuses on transforming cancer surgery with advanced imaging tools, including its FDA-cleared Perimeter S-Series OCT system, which provides real-time, cross-sectional visualization of excised tissues. Their next-generation Perimeter B-Series OCT with ImgAssist AI is under investigation and aims to enhance surgical outcomes.

Average Trading Volume: 53,257

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$36.29M

See more insights into PINK stock on TipRanks’ Stock Analysis page.