Here’s our monthly wrap of all the news driving ASX health stocks.

Of the ASX’s 137-odd small cap health stocks, 92 saw their share prices fall, 32 improved and 13 were flat.

>> Scroll down for a table showing the performance of small cap health stocks over the past month

Chinese-money-backed Invion (ASX:IVX) said its light therapy treatment was working in mice.

A pre-clinical study in mice by Hudson Institute of Medical Research found the treatment caused the death of tumour tissue but not surrounding healthy tissue, and was accompanied by an influx of immune cells, indicating an anti-tumour immune response.

The treatment is a photosynthesising compound called PhotoSoft, which is activated by specific waves of light delivered from, yes, a laser.

Genetic Technologies (ASX:GTG) shot up from a very low base when it said a factory making its breast and colon cancer risk tests was commissioned and it hoped to start sales in the new year.

Long-suffering shareholders who bought into the previous breast cancer risk test, the blockchain story that followed, or the latest cancer news, were very pleased.

Not only did Resonance Health (ASX:RHT) say it successfully trained an AI to assess liver fat from MRI data, but it also got a three-year deal with German company Siemens Healthcare to distribute its Ferrismart product, an AI tool for use in liver iron quantification.

Medical bill collector ICS Global (ASX:ICS) upgraded its profit guidance again, this time to $1.4m-$1.7m.

That’s up from the $1.2m-$1.4m it guided in August for the 2020 financial year. It says it’s due to “continued success in gaining new clients and operational leverage”.

Is Smiles Inclusive (ASX:SIL) back? The start of the year was enough to turn all smiles upside down, as it slashed a forecast profit to a loss, talked its bankers around to overlooking loan breaches, dumped the CEO and chairman who promptly called for a board spill, and launched the investigation that culminated in a lawsuit against said CEO and chair.

This week it sold two practices to rival dental chain, 1300 Smiles, for a small profit and last week a statutory demand against the company from Future Care Mobile Dentistry was set aside by the Supreme Court of Queensland.

Code Name Price (Dec 11) $ 2 Week Return 1 Year Return Market Cap
IVX INVION LTD 0.013 63 -28 $71,507,880
GTG GENETIC TECHNOLOGIES LTD 0.0055 22 -26 $22,347,238
RHT RESONANCE HEALTH LTD 0.205 21 111 $87,716,208
ICS ICSGLOBAL LTD 2.1 19 169 $22,268,440
SIL SMILES INCLUSIVE LTD 0.046 18 -85 $6,129,301
SKN SKIN ELEMENTS LTD 0.014 17 -33 $2,274,494
PAB PATRYS LTD 0.022 15 -12 $24,669,578
CTE CRYOSITE LTD 0.054 15 20 $2,530,417
EHH EAGLE HEALTH HOLDINGS LTD 0.125 14 -24 $41,702,076
UBI UNIVERSAL BIOSENSORS INC-CDI 0.21 14 -13 $37,250,084
PTX PRESCIENT THERAPEUTICS LTD 0.086 11 22 $32,723,632
ADR ADHERIUM LTD 0.035 9 -19 $6,829,490
PXS PHARMAXIS LTD 0.265 8 0 $102,614,768
MVP MEDICAL DEVELOPMENTS INTERNA 7.29 8 84 $471,716,256
SCU STEMCELL UNITED LTD 0.014 8 -39 $8,982,517
GLH GLOBAL HEALTH LTD 0.145 7 -14 $6,104,257
MX1 MICRO-X LTD 0.24 7 -29 $42,598,504
RAC RACE ONCOLOGY LTD 0.165 7 80 $17,463,184
SDX SIENNA CANCER DIAGNOSTICS LT 0.033 6 -58 $11,101,310
HLA HEALTHIA LTD 1.11 5 7 $69,338,120
ANP ANTISENSE THERAPEUTICS LTD 0.087 4 196 $33,891,408
VHT VOLPARA HEALTH TECHNOLOGIES 1.765 4 76 $385,334,752
VBS VECTUS BIOSYSTEMS LTD 0.59 4 -2 $13,855,558
AHX APIAM ANIMAL HEALTH LTD 0.445 3 -8 $51,568,556
ELX ELLEX MEDICAL LASERS LTD 0.61 3 -12 $87,596,696
M7T MACH7 TECHNOLOGIES LTD 0.69 3 194 $103,749,136
LBT LBT INNOVATIONS LTD 0.18 3 100 $42,397,160
ACR ACRUX LTD 0.19 3 12 $31,679,216
ANR ANATARA LIFESCIENCES LTD 0.205 3 -57 $10,182,248
RCE RECCE PHARMACEUTICALS LTD 0.265 2 43 $35,460,852
NVL NATIONAL VETERINARY CARE LTD 2.31 2 27 $159,125,648
PAL PALLA PHARMA LTD 0.93 1 -23 $107,685,520
MEB MEDIBIO LTD 0.01 0 -58 $9,951,300
ADO ANTEOTECH LTD 0.018 0 17 $28,391,840
CDX CARDIEX LTD 0.029 0 -3 $20,788,524
ALT ANALYTICA LTD 0.003 0 -40 $10,558,837
AVE AVECHO BIOTECHNOLOGY LTD 0.004 0 60 $6,309,830
BPH BPH ENERGY LTD 0.0015 0 -33 $3,010,278
LSH LIFESPOT HEALTH LTD 0.035 0 -52 $2,714,904
GMV G MEDICAL INNOVATION HOLDING 0.095 0 -64 $40,891,360
TDL TBG DIAGNOSTICS LTD 0.045 0 -2 $9,791,428
DXB DIMERIX LTD 0.145 0 45 $24,506,106
VLS VITA LIFE SCIENCES LTD 0.61 0 -24 $33,927,400
UCM USCOM LTD 0.125 0 -4 $18,265,434
OPT OPTHEA LTD 2.74 0 382 $726,725,952
SDI SDI LTD 0.86 -1 51 $102,224,352
BWX BWX LTD 4.39 -1 59 $556,639,488
PBP PROBIOTEC LTD 1.91 -1 32 $139,088,704
THC THC GLOBAL GROUP LTD 0.38 -1 -23 $52,851,536
ONT 1300 SMILES LTD 6.16 -2 4 $145,858,848
IMM IMMUTEP LTD 0.25 -2 -27 $93,311,424
PGC PARAGON CARE LTD 0.46 -2 -28 $152,048,384
HCT HOLISTA COLLTECH LTD 0.075 -3 39 $17,552,932
KKT KONEKT LTD 0.65 -3 159 $69,432,824
MXC MGC PHARMACEUTICALS LTD 0.032 -3 -18 $45,101,464
S66 STAR COMBO PHARMA LTD 0.465 -3 -21 $40,239,520
IMC IMMURON LTD 0.14 -4 -45 $23,924,484
MVF MONASH IVF GROUP LTD 1.01 -4 8 $238,143,744
CMP COMPUMEDICS LTD 0.815 -4 128 $145,273,616
SOM SOMNOMED LTD 2.75 -4 49 $172,711,456
CAJ CAPITOL HEALTH LTD 0.23 -4 -16 $172,889,872
MDR MEDADVISOR LTD 0.325 -4 33 $79,790,480
AZV AZURE HEALTHCARE LTD 0.07 -5 3 $18,392,850
RAP RESAPP HEALTH LTD 0.245 -5 136 $181,026,432
CYC CYCLOPHARM LTD 1.09 -6 6 $73,377,296
CDY CELLMID LTD 0.255 -6 -6 $23,666,232
OSX OSTEOPORE LTD 0.775 -6 $77,441,336
ATX AMPLIA THERAPEUTICS LTD 0.075 -6 -67 $3,987,794
BNO BIONOMICS LTD 0.09 -6 -28 $49,021,728
BD1 BARD1 LIFE SCIENCES LTD 0.03 -6 59 $41,015,552
BXN BIOXYNE LTD 0.015 -6 -59 $9,602,181
OBJ OBJ LTD 0.015 -6 -21 $27,141,940
OVN OVENTUS MEDICAL LTD 0.59 -6 113 $77,012,536
PNV POLYNOVO LTD 1.69 -7 190 $1,150,293,248
RGS REGENEUS LTD 0.095 -7 -51 $25,282,074
IDT IDT AUSTRALIA LTD 0.13 -7 -7 $30,803,910
SUD SUDA PHARMACEUTICALS LTD 0.065 -7 -54 $9,246,566
GSS GENETIC SIGNATURES LTD 1 -7 38 $125,865,488
OIL OPTISCAN IMAGING LTD 0.038 -7 -31 $17,866,794
PAR PARADIGM BIOPHARMACEUTICALS 3.25 -8 149 $663,355,776
CYP CYNATA THERAPEUTICS LTD 1.075 -8 8 $109,199,240
CP1 CANNPAL ANIMAL THERAPEUTICS 0.11 -8 -4 $10,243,750
PAA PHARMAUST LTD 0.098 -9 178 $28,994,022
PSQ PACIFIC SMILES GROUP LTD 1.68 -9 27 $255,348,896
TLX TELIX PHARMACEUTICALS LTD 1.58 -9 173 $407,780,800
RNO RHINOMED LTD 0.195 -9 -3 $32,995,174
JHC JAPARA HEALTHCARE LTD 0.9975 -10 -10 $267,247,328
IHL IMPRESSION HEALTHCARE LTD 0.061 -10 233 $41,844,956
LCT LIVING CELL TECHNOLOGIES LTD 0.017 -11 -60 $9,714,497
IBX IMAGION BIOSYSTEMS LTD 0.018 -11 -56 $8,691,797
AVH AVITA MEDICAL LTD 0.535 -11 608 $1,154,023,424
NEU NEUREN PHARMACEUTICALS LTD 2.3 -11 61 $237,291,040
ACW ACTINOGEN MEDICAL LTD 0.04 -11 -17 $44,769,252
MMJ MMJ GROUP HOLDINGS LTD 0.155 -11 -38 $35,903,836
IPD IMPEDIMED LTD 0.17 -11 -32 $79,004,832
AMT ALLEGRA ORTHOPAEDICS LTD 0.22 -12 10 $21,902,992
DVL DORSAVI LTD 0.026 -13 -55 $5,497,029
RSH RESPIRI LTD 0.078 -13 -9 $43,631,880
RHY RHYTHM BIOSCIENCES LTD 0.13 -13 -7 $13,097,500
PIQ PROTEOMICS INTERNATIONAL LAB 0.29 -13 -26 $26,645,454
KZA KAZIA THERAPEUTICS LTD 0.665 -14 66 $46,186,672
MDC MEDLAB CLINICAL LTD 0.32 -14 -20 $68,916,696
ALC ALCIDION GROUP LTD 0.185 -14 313 $188,231,872
FFC FARMAFORCE LTD 0.11 -14 -14 $12,233,243
BIT BIOTRON LTD 0.058 -14 -58 $34,082,696
BOT BOTANIX PHARMACEUTICALS LTD 0.083 -14 25 $87,542,824
NHL NOVITA HEALTHCARE LTD 0.055 -14 100 $40,462,480
ZLD ZELIRA THERAPEUTICS LTD 0.057 -15 24 $43,253,992
OSP OSPREY MEDICAL INC-CDI 0.032 -15 -70 $15,112,908
APH AUSTRALIAN PRIMARY HEMP LTD 0.17 -15 -15 $11,820,123
1ST 1ST GROUP LTD 0.073 -15 152 $25,943,188
BLT BENITEC BIOPHARMA LTD 0.039 -15 -72 $12,530,194
ESE ESENSE-LAB LTD-CDI 0.01 -15 -66 $2,090,846
OCC ORTHOCELL LTD 0.4725 -16 182 $74,345,328
AGH ALTHEA GROUP HOLDINGS LTD 0.34 -16 79 $79,325,400
PYC PYC THERAPEUTICS LTD 0.052 -16 79 $152,434,256
MEM MEMPHASYS LTD 0.052 -17 88 $36,703,788
NTI NEUROTECH INTERNATIONAL LTD 0.015 -17 -64 $2,036,158
CGS COGSTATE LTD 0.3 -17 -50 $50,476,500
NOX NOXOPHARM LTD 0.27 -17 -45 $35,131,552
NXS NEXT SCIENCE LTD 1.76 -17 $339,618,144
ATH ALTERITY THERAPEUTICS LTD 0.023 -18 -38 $20,070,120
AC8 AUSCANN GROUP HOLDINGS LTD 0.18 -18 -72 $57,068,524
CAN CANN GROUP LTD 0.405 -19 -81 $56,748,712
VTI VISIONEERING TECH-CDI 0.057 -21 -61 $22,750,704
1AD ADALTA LTD 0.095 -24 -61 $15,608,691
JHL JAYEX HEALTHCARE LTD 0.028 -26 33 $4,833,165
PCK PAINCHEK LTD 0.17 -27 332 $196,749,248
OSL ONCOSIL MEDICAL LTD 0.145 -28 -26 $88,299,232
NC6 NANOLLOSE LTD 0.05 -29 -44 $3,750,000
ONE ONEVIEW HEALTHCARE PLC-CDI 0.12 -29 -80 $20,785,378
NSB NEUROSCIENTIFIC BIOPHARMACEU 0.185 -31 19 $14,498,188
IMU IMUGENE LTD 0.032 -34 57 $146,057,024
CPH CRESO PHARMA LTD 0.13 -38 -68 $21,764,656
EXL ELIXINOL GLOBAL LTD 0.67 -43 -73 $86,873,288
FTT FACTOR THERAPEUTICS LTD 0.002 -43 0 $2,085,671
SVA SIMAVITA LTD-CDI 0.021 -61 -28 $8,773,341