Positive New Research Presented at RSNA 2022 Reaffirms iCAD’s Breast AI Suite Improves Radiologists’ Performance and Breast Cancer Detection
Study affirms
utility of ProFound AI’s Case Scores in improving cancer detection
Company’s Breast AI Suite of deep-learning breast
cancer detection, density assessment and risk evaluation tools showcased at largest
medical imaging forum in the world
NASHUA, N.H. – November 21, 2022 – iCAD, Inc. (NASDAQ: ICAD), a global
medical technology leader providing innovative cancer detection and therapy
solutions, today announced new and real-world research demonstrating the value
of its Breast AI Suite will be highlighted at the Radiological Society of North
America (RSNA) Annual Meeting in Chicago, November 27 to December 1. The Company
is also showcasing this technology in booth #4754 at the meeting.
“Leading institutions and experts continue to validate
the benefits our Breast AI Suite offers to clinicians and patients alike,
establishing our technology as the most widely adopted breast cancer detection
solution worldwide,” said Stacey Stevens, President and CEO of iCAD, Inc. “At
this year’s RSNA meeting, we are pleased to see the clinical utility of our solutions
reflected in new research, adding to a growing body of evidence supporting our
Breast AI Suite. Not only is our Breast AI Suite clinically proven to improve
radiologists’ performance, but more importantly, it is uniquely enhancing
patient care and improving lives.”
Study affirms utility of ProFound AI’s Case Scores in
improving cancer detection
In a digital poster
discussion on Monday, November 28 from 9:00-9:30 am CST titled “Clinical Implications of Changes in
Artificial Intelligence Software Case Scores from Prior to Current Digital
Breast Tomosynthesis Screening Exam” (Session number: M2-SPBR), Emily F.
Conant, MD, Professor and Chief, Division of Breast Imaging at the Hospital of
the University of Pennsylvania Medical Center, will discuss her research
evaluating the degree of change in ProFound AI® Case Scores over sequential
screens relative to outcomes. Represented on a scale of 0 to 100%, Case Scores
represent the algorithm’s relative confidence that a lesion is malignant. Study
findings suggest radiologists using ProFound AI should consider changes in Case
Scores over sequential screens, as larger increases may indicate an increased
likelihood of screen-detected cancer.
ProFound AI increases
rate of cancer detection by 27%
In an oral presentation on Monday, November 28 from 9:30-10:30
am CST, titled “Real
World Clinical Impact of Implementing Artificial Intelligence on Radiologists’
Performance in High Volume Mammography Screening” (Session M3-SSBR03),
Axel Gräwingholt, MD, Radiologie am Theater in Paderborn, Germany will
present findings from a study that compared radiologist performance both before
and after adopting ProFound AI for 2D Mammography. The study revealed ProFound
AI helped radiologists detect 1.2 additional cancers per 1,000 women screened, which
is a 27% increase in the rate of cancer detection, without significantly increasing
the rate of abnormal interpretations.
“In many European countries,
double-reading for mammography is the standard of care, yet this can pose a
challenge due to the global shortage of mammography professionals. This can
lead to burnout and ultimately, missed cancers,” said Dr. Gräwingholt. “ProFound
AI offers a viable and impactful solution. It helps our team find more cancers
– and with greater accuracy – demonstrating the real-world value this solution
offers as a trustworthy second set of eyes. With this technology, clinicians
can feel confident that they are catching cancers earlier, when they may be
more easily treated.”
Additional presentations supporting iCAD’s Breast AI Suite to be
featured at RSNA
Monday, November 28:
1:30-2:30 pm CST
- “Long-term Performance of an Image-based Short-term Risk Model for Breast Cancer”
(Oral presentation – Session Number: M6-SSBR04)
Mikael Eriksson, PhD, Department of Medical Epidemiology and Biostatistics, Karolinska
Institute, Solna, Sweden, will present findings from a study that supports iCAD’s
first in kind breast cancer risk evaluation tool, ProFound AI® Risk. The
study showed ProFound AI Risk has the potential to assess short-term risk for
capturing women with estrogen-negative breast cancers in need of supplemental
screening and long-term risk for women who could benefit from primary
prevention of estrogen-positive breast cancer.
Tuesday, November 29:
3:00-4:00
pm CST
- “Using an Artificial Intelligence
System to Implement Limited Double Reading in a Single Reader Environment”
(Oral
presentation – Session Number: T7-SSBR06)
Robert Nishikawa, PhD,
Professor, Department of Radiology, Imaging Research Laboratory at the
University of Pittsburgh Center for Artificial Intelligence Innovation in
Medical Imaging, will discuss the feasibility of using ProFound AI to triage
selected cases for double reading in a single reader environment. The study
showed double reading directed by ProFound AI can efficiently reduce the recall
rate by 9%, resulting in only 3% more reads by a second radiologist.
3:30-3:45 pm CST
- “Leveraging ProFound AI to Enhance
Patient Care at Solis Mammography”
(Oral presentation – AI Showcase
Open-Air Theater)
Chirag Parghi, MD, Chief
Medical Officer, Solis Mammography, the largest
independent provider of mammography and breast health services in the United
States, will share the company’s experience in deploying ProFound AI across its
network of facilities.
During the conference, iCAD will also host a series of
“Meet the Experts” sessions throughout the week, as well as a “Cocktails and
Conversations” event on November 28 featuring renowned leaders in breast
imaging AI who will be available to share their experience with iCAD’s Breast
AI Suite. To learn more about iCAD’s presence at RSNA or RSVP for an event,
please visit: https://www.icadmed.com/rsna2022.html.
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.
Forward-Looking Statements
Certain statements contained in this News Release constitute
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements about the expansion of
access to the Company’s products, improvement of performance, acceleration of
adoption, expected benefits of ProFound AI®, the benefits of the Company’s
products, and future prospects for the Company’s technology platforms and
products. 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 achieve business and strategic objectives, the willingness
of patients to undergo mammography screening in light of risks of potential
exposure to Covid-19, whether mammography screening will be treated as an
essential procedure, whether ProFound AI will improve reading efficiency,
improve specificity and sensitivity, reduce false positives and otherwise prove
to be more beneficial for patients and clinicians, the impact of supply and
manufacturing constraints or difficulties on our ability to fulfill our orders,
uncertainty of future sales levels, to defend itself in litigation matters,
protection of patents and other proprietary rights, product market acceptance,
possible technological obsolescence of products, increased competition,
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.
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Contacts:
Media
inquiries:
Jessica Burns, iCAD
+1-201-423-4492
Investor Inquiries:
iCAD Investor Relations