ICAD icad Inc.

iCAD’s ProFound AI Reader Study Published in Radiology: Artificial Intelligence

iCAD’s ProFound AI Reader Study Published in Radiology: Artificial Intelligence

First and Only FDA-Cleared Digital Breast Tomosynthesis Software with Artificial Intelligence Clinically Proven to Enhance Breast Cancer Screening, Reduce False Positives and Slash Reading Time for Radiologists in Half

NASHUA, N.H., Sept. 10, 2019 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced the results of its reader study for ProFound AI™ for Digital Breast Tomosynthesis (DBT) were published in the peer-reviewed journal, Radiology: Artificial Intelligence. ProFound AI for DBT is the first and only FDA-cleared 3D tomosynthesis workflow solution using artificial intelligence (AI) to aid in breast cancer detection. The study showed the concurrent use of ProFound AI increased sensitivity by 8 percent, reduced false positives and unnecessary recalls by 7 percent, and slashed reading time for radiologists by 52.7 percent.1

“The publication of our reader study results in such a renowned peer-reviewed journal is a significant milestone that further validates ProFound AI as a world-class, deep-learning workflow solution that offers real-world benefits to radiologists and patients alike,” said Michael Klein, Chairman and CEO of iCAD. “This endorsement of our research substantiates ProFound AI as the leading artificial intelligence breast cancer detection technology that empowers clinicians to read DBT images in less time and find cancers earlier, when they may be more easily treated.”

ProFound AI is a high-performing workflow solution that assists radiologists by detecting malignant soft-tissue densities and calcifications. The software rapidly and accurately analyzes each image, or slice, and provides radiologists with crucial information, such as Certainty of Finding lesion and Case Scores, which can assist in clinical decision-making and prioritizing caseloads. Featuring the latest in deep-learning intelligence, the technology allows for continuously improved performance via ongoing software updates.

“While screening with DBT has been shown to increase cancer detection while also decreasing false positive recalls, the exponentially larger number of images in a DBT study compared to 2D screening studies almost doubles the reading time for radiologists,” said principal investigator and lead author, Emily F. Conant, M.D., professor and chief of breast imaging from the Department of Radiology at the Perelman School of Medicine at the University of Pennsylvania in Philadelphia. “This reader study shows that the concurrent use of AI when reading DBT screening studies optimizes efficiency while also improving accuracy.”

The reader study examined the performance of 24 radiologists, including 13 breast subspecialists, reading an enriched set of 260 DBT cases, both with and without ProFound AI. The study found ProFound AI increased radiologist performance, measured by mean area under the receiver operating characteristic curve (AUC), from 0.795 to 0.852. ProFound AI also increased sensitivity from 77.0 percent to 85.0 percent, increased specificity from 62.7 percent to 69.6 percent, and decreased the recall rate for noncancers from 38.0 percent to 30.9 percent. Reading time for radiologists decreased from 64.1 seconds to 30.4 seconds with ProFound AI.

ProFound AI for DBT was FDA cleared, CE marked, and Health Canada licensed in 2018. For more information, visit .

Reference:

  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

About this study

Case data were retrospectively collected in compliance with the Health Insurance Portability and Accountability Act, with institutional review board approval and waiver of informed consent. The study was financially supported by iCAD and performed by Intrinsic Imaging.

About iCAD, Inc.

Headquartered in Nashua, N.H., iCAD is a global medical technology leader providing innovative cancer detection and therapy solutions. For more information, visit .

"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  and on the SEC’s website at .

Contact:

Media Inquiries:

Jessica Burns, iCAD  

(201) 423-4492

Investor Relations:

Jeremy Feffer, LifeSci Advisors, Inc.

(212) 915-2568

EN
10/09/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on icad Inc.

 PRESS RELEASE

iCAD Announces Proxy Advisory Firms ISS and Glass Lewis Recommend Stoc...

iCAD Announces Proxy Advisory Firms ISS and Glass Lewis Recommend Stockholders Vote “FOR” Proposed Acquisition by RadNet, Inc. NASHUA, N.H., July 08, 2025 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) (“iCAD” or the “Company”), a global leader in clinically proven AI-powered cancer detection solutions, today announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) have each recommended that stockholders vote “FOR” the previously announced acquisition of the Company by RadNet, Inc. (“RadNet”) at the Compa...

 PRESS RELEASE

iCAD Reports Financial Results for First Quarter Ended March 31, 2025

iCAD Reports Financial Results for First Quarter Ended March 31, 2025 NASHUA, N.H., May 13, 2025 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) ("iCAD" or the "Company") a global leader on a mission to create a world where cancer can’t hide by providing clinically proven AI-powered breast health solutions, today reported its financial and operating results for the three months ended March 31, 2025.  First Quarter 2025 Highlights (Year over Year Performance): Total ARR (Annual Recurring Revenue) was $10.7 million, up 18% year over yearQ1 total revenues of $4.9 millionGross Profit Margin o...

 PRESS RELEASE

iCAD Collaborates with Microsoft to provide access to its Mammography ...

iCAD Collaborates with Microsoft to provide access to its Mammography Solutions in Microsoft’s Precision Imaging Network (PIN) iCAD collaborates with Microsoft to offer radiology providers the option for automated patient reporting on mammography results through PowerScribe integration NASHUA, N.H., April 29, 2025 (GLOBE NEWSWIRE) -- . (NASDAQ: ICAD) (“iCAD” or the “Company”), a global leader in clinically proven AI-powered cancer detection solutions, announced today a collaboration with Microsoft, to include a set of AI-powered mammography solutions in iCAD’s ProFound Breast Health Sui...

 PRESS RELEASE

iCAD Expands Executive Leadership with Appointment of Mark Koeniguer a...

iCAD Expands Executive Leadership with Appointment of Mark Koeniguer as Chief Commercial Officer NASHUA, N.H., April 08, 2025 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) ("iCAD" or the "Company") a global leader on a mission to create a world where cancer can’t hide by providing clinically proven AI-powered breast health solutions, today announced the appointment of Mark Koeniguer as Chief Commercial Officer (CCO), to lead the next phase of global growth for iCAD. As CCO at iCAD, Koeniguer will assume responsibilities for revenue growth across North America and around the globe, bringi...

 PRESS RELEASE

iCAD Reports Financial Results for Fourth Quarter and Fiscal Year Ende...

iCAD Reports Financial Results for Fourth Quarter and Fiscal Year Ended December 31, 2024 NASHUA, N.H., March 19, 2025 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) ("iCAD" or the "Company") a global leader on a mission to create a world where cancer can’t hide by providing clinically proven AI-powered breast health solutions, today reported its financial and operating results for the fourth quarter and full year ended December 31, 2024.  Fourth Quarter 2024 Highlights (Year-over-Year Performance): Total ARR (Annual Recurring Revenue) was $9.8 million, up 11% year over yearTotal revenue...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch