Hyperfine, Inc. Receives Grant For An Additional 3-Years To Utilize Innovative Swoop Portable MR Imaging System In Low And Middle-Income Countries; Covered Under New $3M Grant
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Hyperfine, Inc. (NASDAQ:HYPR) has received a $3 million grant from the Bill & Melinda Gates Foundation for a 3-year extension to study the neurological effects of early childhood malnutrition in low and middle-income countries using its Swoop Portable MR Imaging System. The grant will help improve the system's functionality, software, and data management for use in remote settings.
May 18, 2023 | 1:05 pm
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Hyperfine, Inc. receives a $3 million grant from the Bill & Melinda Gates Foundation to expand clinical research on the neurological effects of early childhood malnutrition using its Swoop Portable MR Imaging System.
The $3 million grant from the Bill & Melinda Gates Foundation will help Hyperfine, Inc. expand its clinical research and improve the functionality of its Swoop Portable MR Imaging System. This partnership and funding support will likely have a positive impact on the company's reputation, product development, and potential market expansion, leading to a short-term positive impact on its stock price.
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