GE HealthCare Signs $44M Contract With BARDA To Develop Artificial Intelligence-Augmented Ultrasound Technology To Aid Clinicians In Diagnosing And Treating Traumatic Injury And Enhance National Preparedness For Mass Casualty Incidents
Portfolio Pulse from Benzinga Newsdesk
GE HealthCare (NASDAQ:GEHC) has signed a $44 million contract with the Biomedical Advanced Research and Development Authority (BARDA) to develop and obtain regulatory clearance for advanced point-of-care ultrasound technology with new artificial intelligence (AI) applications. The technology will aid in diagnosing lung pathology and traumatic injury, which could be particularly useful in mass casualty situations. The project is supported by federal funds from the Department of Health and Human Services.
October 12, 2023 | 1:11 pm
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GE HealthCare's new contract with BARDA for the development of AI-augmented ultrasound technology could potentially enhance its product portfolio and increase its market presence.
The contract with BARDA not only brings in immediate revenue for GE HealthCare, but also positions the company as a leader in the development of advanced healthcare technology. This could potentially attract more partnerships and increase its market share.
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