Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • Nora AI
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Vitrolife AB (publ): Vitrolife acquires artificial intelligence technology for embryo assessment

Vitrolife
Read the release

Vitrolife has entered into transfer and collaboration agreements regarding a technology for assessing embryos with Virtus Health, a leading IVF clinic group based in Australia and Harrison.AI, a technology company specialising in the development of AI software in healthcare applications based in Australia. Using time-lapse videos during in vitro fertilisation (IVF), and before embryo transfer, the technology can predict the likelihood of an embryo to lead to a viable pregnancy. The AI technology will support elective single embryo transfer and is anticipated to shorten the time to pregnancy by helping Fertility & IVF practitioners to rank the most viable embryos for selection and transfer.

The agreements comprise two main components:
  • Transfer of intellectual property and patent applications relating to the technology from the current owners responsible for the development, Virtus Health and Harrison.AI, and
  • Collaboration agreements between the parties for an initial period of three years to ensure further development of the technology in the time-lapse incubator application.

Vitrolife is the market leader of time-lapse systems for use in assisted reproduction, providing undisturbed culture and improved selection of embryos. "We are delighted to announce the collaboration with Virtus Health and Harrison.AI to develop and market a state-of-the-art AI technology for the EmbryoScope time-lapse systems", says Thomas Axelsson, CEO of Vitrolife.

The initial purchase price related to the transfer amounted to USD 6 million. The purchase price was paid in cash and was financed by available cash balances. In addition to the initial purchase price, additional purchase price of USD 2 million may be paid in relation to product development targets. The transaction is expected to impact EBITDA per share marginally negatively during 2019 and positively as from 2020, when the technology is expected to be commercially launched.

April 10, 2019
Gothenburg
VITROLIFE AB (publ)
Thomas Axelsson, CEO

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.