DELL - HSCS Stock Alert: HeartSciences Receives Israeli Patent for AI Heart-Disease Detector
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HeartSciences (NASDAQ:HSCS) stock is on the move Monday as investors react to a new patent granted by the Israel Patent Office.
That patent covers the use of AI alongside the company’s ECG devices. The company believes it can make ECG a more useful device for screening heart problems with the help of AI.
HeartSciences notes that this new patent further protects the company’s IPs. It already has nine patents in the U.S. and 31 in international markets. It’s also awaiting approval for eight patents filed in the U.S. and other areas.
Andrew Simpson, CEO of HeartSciences, said the following about the news.
“Artificial intelligence is transforming what’s possible, and at HeartSciences we are at the leading edge of changing what’s possible with an ECG by applying AI to make it a far more valuable screening tool for heart disease detection to save lives.”
How HSCS Stock Is Reacting
With today’s patent news comes heavy trading of HSCS stock. As of this writing, more than 3 million shares of the stock have changed hands. That’s already above the company’s daily average trading volume of about 2.5 million shares.
HSCS stock is down 17.7% as of Monday morning following a rally in pre-market trading today.
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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