Educational awareness forum to feature leading experts in discussions on risk adaptive tools and pragmatic solutions to enhance patient care during COVID-19 pandemic
Event kicks off series of informational webinars featuring breast cancer thought leaders sharing best practices using leading-edge technologies in cancer detection and treatmentNASHUA, N.H., April 13, 2020 (GLOBE NEWSWIRE) — iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced that it has partnered with the TME Breast Care Network to host a free virtual roundtable event for clinicians, titled “Breast Care Roundtable in the Age of COVID-19,” on April 21, 2020 at 7 pm ET/4 pm PT. To register for the event, visit this link: https://bit.ly/2UNdXoG.“Our goal with this collective effort and series of events is to provide an educational awareness forum for clinicians to share insights and best practices on enhancing patient care during the COVID-19 pandemic and beyond,” according to Michael Klein, Chairman and CEO of iCAD. “Clinicians are in search of practical solutions to emerging challenges COVID-19 has introduced. We want to provide a platform for those discussions to help breast care providers on the front lines come together to identify new best practices and standards of care during this unprecedented time.”Founded in 2011, the TME (Targeted Medical Education) Breast Care Network is comprised of nationally recognized clinical thought leaders in the breast cancer risk, detection, genetics and precision treatment space. The network provides physician education, registry research, and advisory services with the ultimate goal of improving the quality and access to advanced breast care.“The novel coronavirus pandemic has markedly changed clinical practice as far as breast cancer screening goes,” according to Peter Beitsch, MD, FACS, Director, Dallas Breast Center, Managing Partner, TME, Past President of the American Society of Breast Surgery (ASBS). “Although diagnostic mammograms may still be taking place for women who have symptoms indicative of cancers, regular screenings are increasingly being delayed for many asymptomatic women in order to allow hospitals and doctors to focus on patients with COVID-19. In general, any delay in diagnosis and treatment could have a negative effect on patients’ overall survival and prognosis.”Almost 40 million women are screened for breast cancer each year in the U.S., which is an average of 3.3 million women per month.1 In order to allow clinicians to focus on critical COVID-19 cases, several organizations, including the American Cancer Society and the American College of Radiology, are recommending low-risk women delay screening mammograms until the pandemic has passed.“Inevitably, this guidance to delay screening will lead to a backlog at some point. This is unprecedented. Many radiology practices and imaging centers are able to accommodate higher volumes of patients for busier times of the year, but the longer that screening is not being performed, the more they will have to make up for in the coming months,” according to Pat Whitworth Jr., MD, FACS, Director, Nashville Breast Center, Managing Partner, TME, Past Chairman, ASBS.“This is not a normal year,” agreed Walton Taylor, MD, Texas Health Physicians Group, Past President, ASBS. “Now is our chance to determine which women need to be prioritized for the limited appointments that are available at imaging centers and hospitals. It is critical for clinicians to determine which women need to be screened more urgently. Technology such as ProFound AI can help doctors decide which patients should still get mammograms within this finite amount of time, and this technology could also help clinicians more efficiently manage the surge of patients who will need to be screened once COVID-19 passes. Appropriate screening during this period of limited resources can really make a difference and save lives.”ProFound AI, which aids in the detection of breast cancer in 3D mammography, or digital breast tomosynthesis (DBT), became the first software of its kind to be FDA-cleared in December 2018. Following its launch, iCAD has placed more than 500 installations in a growing number of leading institutions worldwide. Trained with one of the largest available DBT datasets, the technology rapidly and accurately analyzes each DBT image, or slice, and provides radiologists with key information, such as Certainty of Finding lesion and Case Scores, which assists in clinical decision-making and improving reading efficiency. Featuring the latest in deep-learning artificial intelligence, ProFound AI offers a trifecta of clinically proven benefits for physicians and patients, including an 8 percent improvement in sensitivity, a 7 percent improvement in specificity, and a 52.7 percent reduction in reading time for radiologists.2“This pandemic may change the way clinicians approach screening, as it is increasingly encouraging radiologists to adapt to a more targeted, risk-adapted screening methodology. The medical community is in desperate need of technology such as iCAD’s ProFound AI, which may help clinicians sort out which women would benefit the most from more urgent screening,” Dr. Beitsch added.At the Radiological Society of North America (RSNA) Annual Meeting in 2019, iCAD introduced ProFound AI Powered by Panorama, an initiative that will enable clinicians to consider patients’ prior images* and prospective breast cancer risk assessment* over time.“Our Panoramic vision goes beyond detection. It is a more holistic clinical approach to breast cancer screening that will allow physicians to consider patients’ past and present images along with other, more personalized, risk factors,” added Mr. Klein. “Last year we entered into an exclusive relationship with researchers at the Karolinska Institutet in Stockholm, Sweden, one of the world’s foremost medical research universities, to develop an AI-based solution that will identify a women’s individual risk of developing breast cancer. Their research involved more than 70,000 women over eight years, offering critical information that will provide clinicians with a broader view of each individual patient’s case, history, and short-term risk.”“COVID-19 is also accelerating advanced techniques in breast cancer treatment that are beneficial for patients and the healthcare system as a whole,” according to Barry Rosen, MD, FACS, Chief of Breast Surgery, Advocate Healthcare and Managing Partner, TME. “Even though we are currently in the midst of a crisis, the coronavirus pandemic is paving the way for more breast cancer surgeons to opt for abbreviated cancer therapies, such as intraoperative radiation therapy (IORT), as a way to streamline treatment for patients and allow them to avoid making frequent trips to the hospital.”IORT with the Xoft® Axxent® Electronic Brachytherapy (eBx®) System® is a single-fraction therapy option that allows patients who are candidates to replace weeks of daily radiation with one treatment, delivered at the time of surgery. Because this targeted treatment offers a full course of radiation in just one day, it could significantly reduce the healthcare system resources needed and minimize patients’ risk of COVID-19 exposure.“Our technology – including ProFound AI and the Xoft System – is now more relevant than ever,” added Mr. Klein. “iCAD’s technology offers practical solutions for clinicians that may help to address emerging challenges introduced during these extraordinary times.”The virtual roundtable event will also kick off a series of webinars hosted by iCAD, featuring leading experts in breast cancer detection and treatment, who will discuss various aspects of breast cancer care in more detail, including risk adaptive tools and other pragmatic solutions that are relevant in the era of COVID-19. To view the schedule and register for one of these upcoming free events, visit https://www.icadmed.com/educational-webinars.html.“Doctors are hungry right now for information that can help them deliver the best care possible to their patients in this new environment,” added Dr. Whitworth. “We are all adapting and learning as we navigate these unchartered waters, and any event that brings clinicians together to share how they are solving these problems will be incredibly beneficial to both patients and the medical community as a whole.”* Not yet commercially availableReferences:U.S. Food and Drug Administration. MQSA National Statistics. Accessed via https://www.fda.gov/radiation-emitting-products/mqsa-insights/mqsa-national-statisticsConant, 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.2019180096About iCAD, Inc.Headquartered in Nashua, NH, iCAD is a global medical technology leader providing innovative cancer detection and therapy solutions.ProFound AI™ is a high-performing workflow solution for 2D and 3D mammography, or digital breast tomosynthesis (DBT), featuring the latest in deep-learning artificial intelligence. In 2018, ProFound AI for Digital Breast Tomosynthesis (DBT) became the first artificial intelligence (AI) software for DBT to be FDA-cleared; it was also CE marked and Health Canada licensed that same year. It offers clinically proven time-savings benefits to radiologists, including a reduction of reading time by 52.7 percent, thereby halving the amount of time it takes radiologists to read 3D mammography datasets. Additionally, ProFound AI for DBT improved radiologist sensitivity by 8 percent and reduced unnecessary patient recall rates by 7.2 percent.1The Xoft System is FDA-cleared, CE marked and licensed in a growing number of countries for the treatment of cancer anywhere in the body. It uses a proprietary miniaturized x-ray source to deliver a precise, concentrated dose of radiation directly to the tumor site, while minimizing risk of damage to healthy tissue in nearby areas of the body.For more information, visit www.icadmed.com and www.xoftinc.com.About TMETME is a network of clinicians, researchers, educators and companies whose core mission is to improve the quality and access to advanced targeted cancer care by fostering high-quality & comprehensive educational resources and research by synthesizing “State-of-the-Art” with “State-of-the-Science.” Our specialty is breast cancer from prevention, diagnosis, treatment, to survivorship (www.tmeded.com)TME and Breast Care Network are a group of community-leading breast cancer doctors whose goal is to cut through the avalanche of “new developments” in breast cancer, eliminating the spurious, and implementing genuine advances.Breast cancer research is yielding advancements at an unprecedented rate. For the community-based physician, it is very challenging to stay current with the latest clinical research findings and technological advancements that could enhance their patients’ outcomes. TME meets this challenge head-on through the BCN (Breast Care Network) (www.breastcarenetwork.com). BCN is a news/opinion website where breast cancer specialists provide expert commentary on the latest clinical findings and more importantly, how to incorporate findings into clinical practice. Think of it as the “Breast Care News Feed” for breast care physicians that enables them to stay current with an efficient investment of time. The site also hosts a series of live and on-demand (often more accessible than the original event) webinars, co-sponsored by industry which enables companies to have direct access to the Breast Care Network. In addition, TME offers a variety of additional services to industry including advisory boards, registry studies, member surveys and live educational events where industry can engage with influential Key Opinion Leaders. For more information on these programs click on Industry button.Forward-Looking StatementsCertain 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 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 risks of uncertainty of patent protection, the impact of supply and manufacturing constraints or difficulties, uncertainty of future sales levels, to defend itself in litigation matters, 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
[email protected]Investor Relations:
Jeremy Feffer, LifeSci Advisors
+1-212-915-2568
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