SciBase expands into a new clinic group in California
SciBase announced a collaboration agreement focused on skin cancer with Unified Health, a large healthcare group based in Los Angeles. Unified Health has nine clinics in Southern California. We believe the announcement further validates the underlying demand for Nevisense in the important US market as the company continues to work on expanding insurance coverage to unlock faster growth.
SciBase needs to make a significant jump in revenues to reach cash flow neutrality and we believe that progress in the very large US market is the key to achieving this. Against this backdrop, the announcement is obviously positive and, in our view, supports SciBase's ability to grow faster as insurance coverage increases and supports our revenue growth estimates. Our estimates already assume that the company will continue to win new customers and successfully scale their usage of Nevisense, so the announcement does not create immediate pressure to change our estimates.
Scibase Holding
SciBase Holding är verksamt inom medicinteknik. Koncernen är specialiserad inom hantering av cancerdiagnostik, främst inriktat mot behandling och upptäckandet av diverse melanom. Bolaget har utvecklat en elektrisk handhållen prob som analyserar mätsignalen för att upptäcka specifika förändringar i kroppens hudvävnad. Huvudkontoret ligger i Stockholm.
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