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Will Nanox Disrupt The X-ray Systems Market?

November 3, 2020

With its share price falling from more than $66 to less than $24, September was a tumultuous month for Nanox.

On August 25th, the medical imaging start-up closed its initial public offering, having raised $190m from the sale of 10,555,556 ordinary shares at a price of $18 each. Money poured in as investors were sold on Nanox’s cold cathode x-ray source and the subsequent reduction in costs that it would enable, as well as the vendor’s pay-per-scan pricing model that would let the company access new, untapped markets.

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