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CST: 07/12/2019 15:20:19   

ProFound AI™ Platform Featured at Journées Francophones de Radiologie Congress in Paris

61 Days ago

iCAD to Showcase Entire ProFound AI Platform, including its Solutions for 2D Mammography and Digital Breast Tomosynthesis in Paris at Medical Conference

NASHUA, N.H. and PARIS, Oct. 07, 2019 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced the full ProFound AI™ platform will be featured in the iCAD exhibition booth (#226A) at the Journées Francophones de Radiologie (JFR) Congress in Paris from October 11-14, 2019. The ProFound AI Platform includes both ProFound AI™ for Digital Breast Tomosynthesis (DBT), which was CE marked in March 2018 and FDA cleared in December 2018, as well as ProFound AI™ for 2D Mammography, which was CE marked in July 2019.  

“ProFound AI for DBT is the first and only artificial intelligence software for DBT that is clinically proven to enhance breast cancer screening, reduce false positives and unnecessary recalls, and cut reading time for radiologists by more than half. Its use continues to increase in France, as well as a growing number of countries worldwide, as more clinicians discover the benefits it offers,” said Michael Klein, Chairman and CEO of iCAD. “This revolutionary technology improves radiologists’ confidence and optimizes workflow and operational efficiencies, even with the most challenging cases to read, such as those with dense breasts.”

ProFound AI for 2D Mammography and ProFound AI for DBT are high-performing workflow solutions featuring the latest in deep-learning artificial intelligence capabilities. Trained with one of the largest available datasets, the software is designed to rapidly and accurately analyze each image and provide radiologists with key information, such as Certainty of Finding lesion and Case Scores, which assists in clinical decision-making and prioritizing caseloads. It also features the latest in deep-learning artificial intelligence, which allows for continuously improved performance via ongoing updates.

Positive clinical data from a large reader study involving ProFound AI for DBT were recently published in Radiology: Artificial Intelligence. According to the study, ProFound AI for DBT improved radiologist sensitivity by 8 percent, reduced unnecessary patient recall rates by 7.2 percent, and slashed reading time for radiologists by 52.7 percent.1 Additionally, ProFound AI cut reading time by up to 57.4 percent for radiologists reading cases with dense breasts.2

“The arrival of ProFound AI marks a real technological advancement in the development of breast cancer detection tools. I use ProFound AI in my daily practice, and it helps me in my diagnostic decision making,” said Corinne Balleyguier, MD, PhD, radiologist at Gustave Roussy Cancer Campus, Villejuif, France. “In the beginning, I was skeptical about how AI could help me, but I quickly understood the undeniable assistance ProFound AI could bring, especially with subtle lesions and complex cases.”

iCAD will also be hosting a symposium during the JFR congress, titled “AI- The New Partner for Radiologists in Breast Cancer Detection” on Sunday, October 13, at 12:30 in Conference Room #251, featuring Dr. Balleyguier.

ProFound AI for DBT was FDA-cleared, CE marked, and Health Canada licensed in 2018. ProFound AI for 2D Mammography was CE marked in July 2019. For more information, visit www.icadmed.com.

References:

1.) Conant, E. et al. (2019). Improving Accuracy and Efficiency with Concurrent Use of Artificial Intelligence for Digital Breast Tomosynthesis. Radiology: Artificial Intelligence. 1 (4). Accessed via https://pubs.rsna.org/doi/10.1148/ryai.2019180096
2.) Hoffmeister, J. (2018). Artificial Intelligence for Digital Breast Tomosynthesis – Reader Study Results. [White paper]. Accessed via https://www.icadmed.com/assets/dmm253-reader-studies-results-rev-a.pdf

About iCAD, Inc.

Headquartered in Nashua, NH, iCAD is a global medical technology leader providing innovative cancer detection and therapy solutions. For more information, visit www.icadmed.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this News Release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited, to the Company’s ability to defend itself in litigation matters, to achieve business and strategic objectives, the risks of uncertainty of patent protection, the impact of supply and manufacturing constraints or difficulties, uncertainty of future sales levels, protection of patents and other proprietary rights, the impact of supply and manufacturing constraints or difficulties, product market acceptance, possible technological obsolescence of products, increased competition, litigation and/or government regulation, changes in Medicare or other reimbursement policies, risks relating to our existing and future debt obligations, competitive factors, the effects of a decline in the economy or markets served by the Company; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The words “believe,” “demonstrate,” “intend,” “expect,” “estimate,” “will,” “continue,” “anticipate,” “likely,” “seek,” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release. For additional disclosure regarding these and other risks faced by iCAD, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at http://www.icadmed.com and on the SEC’s website at http://www.sec.gov.

Contacts:
Media inquiries:
Jessica Burns, iCAD  
+1-201-423-4492
jburns@icadmed.com

FP2 COM
Florence Portejoie
Tel : + 33 6 07 76 82 83 France
fportejoie@fp2com.fr

Investor Relations:
LifeSci Advisors, on behalf of iCAD, Inc.
Jeremy Feffer, (212) 915-2568
jeremy@lifesciadvisors.com

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