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Rapid Diagnostics Medical Devices Company

Medical Practice

ActiveHealthcareVictoria
Asking price
$500,000
Disclosed · AUD
Revenue
Earnings (est.)
~$167,600
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.0×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

  • Medical devices company founded by Melbourne University scientists using Nobel Prize-winning derived technology
  • Developing rapid diagnostic devices for Covid-19, STD and cancer biomarker testing
  • Two rounds of financing completed, seeking investors for a third round
  • First product expected on market mid-2024
  • Targeting US, EU, Asia and Australia markets