The CEO of a small Medical Tech company shared how the company is addressing a multi-billion dollar market opportunity by digitizing the delivery of healthcare. Following a series of acquisitions and successful capital raises, CloudMD Software & Services Inc. (TSX-V:DOC) saw its shares rise following the walkthrough from the executive.
CloudMD is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI).
Traders were optimistic on the insights shared by the well-positioned company as price hit $2.20/share (+8.91%) at the session high. This move is a strong indication that the stock could break out of its multi-month trading range as we head into the third quarter of this year.
