Israeli-Japanese start-up Nano-X Imaging (NASDAQ: NNOX) offers a new X-ray machine at a fraction of the cost of existing models. Hospitals now pay $1 million or more for MRI machines and CAT scanners, but Nano-X promises to deliver an equivalent device for $10,000 or less.
The Nano-X device has not yet been cleared by the U.S. Food and Drug Administration (FDA), but anticipation is running high. If it works as advertised, the company's technological breakthrough will make the X-ray ubiquitous around the world. Right now, according to the World Health Organization, two-thirds of the earth's population has no access to X-ray images. Nano-X seeks to change that.
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Source Fool.com