iCAD Highlights Clinical Data Demonstrating Ability To Reduce Breast Interval Cancer Rates And Decrease Recall Rates At ECR 2024; Showcases Additional Platform Offerings
Portfolio Pulse from Benzinga Newsdesk
iCAD, Inc. (NASDAQ:ICAD) showcased clinical data at ECR 2024, demonstrating the effectiveness of its AI-powered ProFound Detection in reducing breast interval cancer rates and recall rates, while also decreasing radiology reading workload. The company also introduced new features for ProFound Detection, aimed at improving mammogram readability for radiologists. Additionally, iCAD presented research on using Breast Arterial Calcification detection as a biomarker for cardiovascular disease in women. The company highlighted its expanded cloud platform and subscription licensing plans.
February 28, 2024 | 1:27 pm
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iCAD, Inc. highlighted significant advancements in AI-powered cancer detection and cardiovascular disease assessment at ECR 2024, including new features for its ProFound Detection platform and expanded cloud services.
The positive clinical data and the introduction of new features for ProFound Detection, along with expanded cloud services, indicate a strong potential for increased adoption and sales. The advancements in AI-powered solutions for cancer and cardiovascular disease detection are likely to be viewed positively by investors, potentially leading to a short-term increase in iCAD's stock price.
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