Butterfly Network jumps on FDA clearance for AI-enabled lung tool

Butterfly Network

03/04/2023 21:37

** Shares of digital health co Butterfly Network Inc
 BFLY.N  rise 24.06% to $2.28 after the bell
    ** Co says it has received U.S. FDA's 510(k) clearance for
AI-enabled lung tool
    ** The company expects the AI-enabled Auto B-line Counter to
launch early summer in the U.S.
    ** Auto B-line Counter uses deep-learning technology with
the aim of empowering providers to assess abnormal lung
conditions - BFLY
    ** Stock down ~24% YTD

 (Reporting by Sriparna Roy)
 ((Sriparna.Roy@thomsonreuters.com;))