Guided Therapeutics Inc (OTCBB:GTHP) has been making quite a lot of progress with respect to its LuViva cervical scan systems. The company has received additional orders for the system from Bangladesh and Turkey. Both countries seem to realize the importance of this technology for use in the detection of cervical cancer. Bangladesh has awarded GTHP contracts for four additional LuViva systems, doubling the number of systems the country has bought from GTHP. Turkey on the other hand has made a significantly larger order of 100-LuViva systems.

Turkey, unlike Bangladesh, has bought the additional 100 systems through its ministry of health and is expected to use them not only in hospitals, but in medical schools and diagnostic centers as well. GTHP is expected to start filling this order from October. The sales in Bangladesh have been made to a number of government agencies, but are expected to be used in hospitals only.

LuViva has been gaining significant attention around the world in developed and un-developed countries alike. The system is thought to be capable of delivering the best cervical cancer screening to women. The third-world countries are taking a special interest in the program, since the diagnosis is much cheaper than traditional methods. Additionally, the accuracy of the LuViva system stands unrivalled, for now, making the test highly in demand.

The Turkish government even went on to handpick professionals to put LuViva through clinical trials and report on its efficiency. The results of these trials were later sent to the health ministry and made public in professional meetings as well. Bangladesh, in particular, was the largest market for the company, since cervical cancer is the most common type of cancer amongst women in the country. The company would hope that the growing need for this vital test in the country leads to further orders for the innovative system.

Guided Therapeutics Inc (OTCBB:GTHP) lost 14.29% and is now trading at $0.120, after trading 171,200 shares and is now trading at $0.120.

Previous articleWould The Coca-Cola Co (NYSE:KO) Move to Acquire Alkaline Water Company Inc (OTCMKTS:WTER)
Next articleScott’s Liquid Gold Inc. (OTCMKTS:SLGD) The Center of Heated Debate
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.