NNOX - Why Shares of Nano-X Are Soaring Wednesday
2023-05-31 12:54:52 ET
Shares of Nano-X Imaging (NASDAQ: NNOX) were up 10% Wednesday morning, a day after the stock fell below $17 for the first time since May 18. The healthcare company specializes in medical imaging equipment and systems and its shares are up more than 88% so far this year.
Nano-X had been surging ever since the company announced on May 1 that it had received clearance from the Food and Drug Administration (FDA) to market Nanox.ARC, including the Nanox.CLOUD, its accompanying cloud-based infrastructure, as a stationary ?X-ray ?system on adults. The device is a multi-source digital 3D tomosynthesis system that uses cold cathode X-ray tubes. The company intends to charge per scan for the system.
The company has attracted a lot of attention as a potential disruptor to standard X-rays, which have evolved little since they were discovered in 1895. The company said it intends to work with the FDA on other regulatory clearances for the Nanox.ARC.
For further details see:
Why Shares of Nano-X Are Soaring Wednesday