4DMedical (ASX:4DX) share price is climbing today on positive update

The 4DMedical Ltd (ASX:4DX) share price is soaring higher today as the company announced it completed its first commercial scan in Australia. In early trade, the 4DMedical share price shot up 6.1% to $2.24 but has since retreated to $2.19, up 3.79% at the time of writing.

What does 4DMedical do?

4DMedical is a Melbourne and Los Angeles-based software technology company commercialising its patented imaging platform, XV Technology.

This four-dimensional lung imaging technology utilises mathematic models and algorithms to convert X-ray scans into quantitative data. Physicians are then able to use this information to manage patients with respiratory and lung diseases.

The respiratory diagnostic sector represents a global market of more…