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Canadian regulatory clearance for Resonance's FerriScan

Nedlands-based Resonance Health Ltd has announced it has been granted Canadian regulatory clearance by Health Canada for FerriScan, its novel non-invasive diagnostic test for liver iron concentration.
The regulatory clearance allows Resonance to market the FerriScan test in Canada where an estimated 150,000 people are afflicted with iron overload disorders such as haemochromotosis and thalassaemia.
Health Canada clearance for FerriScan follows the achievement of U.S. Food and Drug Administration marketing clearance, the listing of FerriScan by the Australian Therapeutic Goods Administration, and achievement of European CE Mark.
"Health Canada marketing clearance is a significant milestone for Resonance. Canada is a sophisticated market where clinicians see FerriScan as a major advancement in the way they can measure and monitor iron levels in patients. As we are currently doing in other parts of the world, we will partner with leading hospitals, diagnostic imaging centres, clinicians and patient advocacy groups in Canada to offer the FerriScan test to the public. In doing so we believe the Canadian market will be a strategic segment in the overall achievement of the business goals for FerriScan" said Dr James Williams, Managing Director of Resonance Health Ltd.
At 900 WST, Resonance share price was down .1 cents to 5.4 cents.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
134thDubber Corporation96%13%
285thrent.com.au30%-18%
404thResonance Health7%20%
701stOBJ-42%23%
749thConnected IO-54%62%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/05/18
$2k Bought
23/05/18
$4k Bought
07/03/18
$5k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

117th↓Resonance Health$2.5m
128th↑Dubber Corporation$1.9m
129th↑Connected IO$1.9m
131st↓OBJ$1.8m
132nd↑rent.com.au$1.7m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Resonance Health

1117thMartin Blake$60k
1263rdSimon Panton$40k
Ranked by total remuneration from all listed WA companies

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