Release date: 2015-07-10
Ireland's 3D4Medical company develops applications for medical teaching and exercise, and they recently received a $16.4 million investment from Irish life sciences company, Malin. Upon completion of this investment, Malin will own a 38% stake in 3D4Medical. At the same time, Malin also owns the company's call option (call option, also known as buy option), which can increase its shareholding ratio to 50%.
3D4Medical's flagship application is called Essential Anatomy. This is a medical reference application that shows the body model and 8200 anatomical structures of 11 systems in both men and women. Medical students can use the Essential Anatomy to add tags anywhere in the mannequin and then write a custom comment. In addition, students can use the flat cutting tool to “cut through†specific anatomy, create bookmarks, and conduct interactive tests.
Other applications of 3D4Medical cover multiple areas such as the brain and nervous system, knees, radiology, eyes and spine. In addition, the company has developed sports and fitness applications like iMuscle, iDance and iYoga. They have developed more than 20 applications so far, and all products have accumulated 9 million downloads worldwide.
3D4Medical CEO John Moore said in a statement that they will use the newly acquired investment to launch a new version of 3D technology. Previously, the company had invested 24 months in research and development on this technology.
Malin CEO Adrian Howd said in a statement: "3D4Medical provides us with a unique investment opportunity to have assets in places where technology and healthcare are converging. Obviously, the mobile healthcare industry It is the future direction of development, and we are very pleased that this investment has allowed us to add a high-quality portfolio of assets to the overall life sciences.
In 2012, Apple CEO Tm Cook highlighted 3D4Medical in a video from WWDC. At the time, Cook was showing some applications that could have a profound impact on human life. Moore said that their company started out as a medical library. After the iPad appeared, they began to launch educational content.
3D4Medical was founded in 2004. Since its inception, they have accumulated more than $20 million in revenue. The company said that they had a good profit in FY2014, with a total revenue of $4.1 million and a profit before interest, taxes, depreciation and amortization of $700,000.
Source: Singularity Network
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