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Butterfly Network Launches First-to-Market Artificial Intelligence Gestational Age Tool in Sub-Saharan Africa to Improve Maternal Health
Businesswire· 2025-10-06 11:45
Core Insights - Butterfly Network has launched an AI-powered Gestational Age tool in Malawi and Uganda to enhance maternal and fetal health through improved access to ultrasound technology [1][4] - The tool allows lower-skilled healthcare workers to estimate gestational age quickly and accurately without requiring image interpretation or extensive training [4][5] - The initiative is part of Butterfly's broader commitment to advancing maternal health in under-resourced settings, supported by the Gates Foundation and developed in collaboration with the University of North Carolina [4][5] AI-Enabled Gestational Age Tool - The AI tool addresses the critical need for affordable ultrasound technology in low-resource settings, where 92% of maternal and neonatal mortality occurs in low- and middle-income countries [2] - It enables midwives and other healthcare providers to deliver timely care by determining the appropriate gestational age for necessary medical interventions [4] Milestone Achievements - Butterfly Network has successfully deployed 1,000 handheld ultrasound probes and trained over 1,050 healthcare providers in Sub-Saharan Africa from September 2022 to December 2024 [6] - As of July 2025, 1.8 million scans have been conducted, averaging 83,000 scans monthly, demonstrating significant integration of obstetrical ultrasound services in over 697 public health facilities [6] Positive Impact on Maternal Health - Preliminary data from Kenya indicates a significant increase in women seeking antenatal care before 24 weeks, with over 90% patient satisfaction reported [9] - In South Africa, there has been a notable reduction in stillbirths and maternal mortality, with 873 appropriate referrals made for higher-level care [10][11] - The average scan time for providers has been reduced to 1.3 minutes, with a high confidence level in detecting key maternal conditions post-training [12] Technological Advancements - The latest Butterfly device, iQ3, has been approved for use in South Africa and Kenya, enhancing the quality and accessibility of POCUS [7] - Butterfly's innovations have received multiple accolades, including the Best Medical Technology at the 2024 Prix Galien USA Awards, highlighting the company's commitment to advancing healthcare technology [14]
Positron Corporation Enters Industry Partnership Agreement with MedAxiom
Globenewswire· 2025-10-02 13:15
Core Insights - Positron Corporation has announced a partnership with MedAxiom to enhance the adoption of PET imaging technology in cardiovascular care [1][3][4] Company Overview - Positron Corporation specializes in the development, manufacturing, and sale of advanced PET and PET-CT imaging systems and clinical services for nuclear medicine healthcare providers in North America [5][6] - The company focuses on cardiac Positron Emission Tomography (PET) imaging, which is considered the gold standard in cardiac diagnostics [6][7] Partnership Details - The collaboration with MedAxiom connects Positron to leading cardiovascular organizations, providing access to valuable insights and exposure that can advance the adoption of PET technology [3][4] - MedAxiom is recognized for its extensive network and for driving innovation in cardiovascular medicine, which will benefit Positron in terms of market intelligence and clinical insights [2][3] Market Position and Technology - Positron's unique market position and innovative PET/PET-CT technologies are expected to facilitate the growth of the nuclear imaging market [7] - The company plans to introduce a state-of-the-art PET-CT 4D molecular imaging device, the Affinity PET-CT 4D 64-Slice, which will enhance the capabilities of nuclear cardiologists [7][8] Commitment to Advancement - Positron is dedicated to expanding the cardiac and oncology PET modalities by delivering high-quality technology and value to imaging specialists [8]
Positron Corporation Wins Innovation Award in PET-CT Category from Medical Device Network's Excellence Awards 2025
Globenewswire· 2025-10-01 13:15
Core Insights - Positron Corporation has won the Innovation Award in the PET-CT Imaging category at the 2025 Medical Device Network Excellence Awards for its advancements in PET-CT imaging technology [1][2] - The company's PET-CT systems are recognized for enhancing accessibility, efficiency, and clinical versatility in healthcare [2] Affordability and Design - Positron has developed economically accessible PET-CT solutions that address the high costs and space requirements of traditional systems, making advanced imaging feasible for smaller clinics and community hospitals [3] - The PET-CT 64 Slice is highlighted as the most cost-effective system in the US, enabling broader adoption of hybrid imaging [3] - Flexible rental and service options further support affordability, allowing facilities with limited capital to implement PET-CT technology [4] Workflow Efficiency - Positron's PET-CT systems are designed to enhance operational efficiency, allowing facilities to perform up to 20 or more exams per day, significantly higher than standalone PET systems [5] - The integration of CT attenuation correction improves image quality and accelerates scan times, contributing to increased throughput [5] Clinical Versatility - The PET-CT systems support a wide range of clinical needs, including advanced cardiac, oncology, and neurology imaging, all within a single platform [6] - The systems are optimized for myocardial perfusion imaging, crucial for assessing coronary artery disease and microvascular dysfunction, while also providing high sensitivity for tumor detection and neurological evaluation [6] Ongoing Innovation - Positron is committed to continuous innovation, with the upcoming Affinity 4D PET-CT system expected to launch in Q4 2025, featuring LYSO crystal technology, AI-enhanced motion monitoring, and advanced dose reduction techniques [7] - This focus on product development ensures that Positron's systems remain aligned with evolving clinical requirements [7] Market Position - Positron Corporation specializes in state-of-the-art PET and PET-CT imaging systems, co-developing and manufacturing solutions for nuclear medicine healthcare providers across North America [9][10] - The company aims to expand the cardiac and oncology PET modality by delivering superior technology and value to imaging specialists [12]
GEHC Inks License Agreement With Lantheus for Prostate Imaging Agent
ZACKS· 2025-09-26 14:26
Core Insights - GE HealthCare (GEHC) has signed an exclusive license agreement with Lantheus Holdings to develop and commercialize the PSMA-targeted PET imaging agent, piflufolastat F18, in Japan for prostate cancer diagnostics [1][2]. Deal Overview - GEHC will develop, manufacture, and commercialize piflufolastat F18 in Japan, paying an upfront fee, milestone payments, and royalties on sales post-commercialization [2]. - Lantheus will provide regulatory dossiers, manufacturing competencies, and technical support to facilitate GEHC's clinical development efforts in Japan [2][11]. - The agent is already approved in the U.S. and Europe under the trade names PYLARIFY and PYLCLARI, respectively, for imaging in prostate cancer [3]. Market Potential - Japan has the third-largest number of prostate cancer cases globally, following the U.S. and China, making it a significant market for piflufolastat F18 [6]. - The aging population and increasing screening initiatives in Japan create a strong demand for advanced diagnostic solutions [6]. Strategic Implications - This agreement enhances GEHC's pipeline of radiopharmaceuticals and strengthens its Pharmaceutical Diagnostics division [9][10]. - The partnership validates GEHC's acquisition of Nihon Medi-Physics, which adds manufacturing and R&D capabilities essential for advancing prostate cancer detection [11]. Financial Performance - GEHC's shares have declined by 8.6% year-to-date, contrasting with a 4.7% gain in the industry and a 13.7% increase in the S&P 500 [4].
Algernon Announces CAD $4 Million Non-Dilutive Financing to Open Four Brain-Specific PET Scan Clinics in the U.S. for Early Stage Alzheimer's Detection
Globenewswire· 2025-09-25 11:00
Core Insights - Algernon Pharmaceuticals has signed a definitive equipment order and financing agreement with Catalyst MedTech for four FDA-cleared Oncovision CareMiBrain™ PET scanner systems, valued at over CAD $4 million, to be used in planned neuroimaging clinics [1][2] - The PET scanner represents approximately 80% of the capital costs required to open a neuroimaging clinic, making this transaction crucial for the company's neuroimaging initiative [2] - The clinics will focus on early-stage detection of Alzheimer's Disease and other neurological conditions, addressing a significant market need as nearly 80% of Americans want to know if they have Alzheimer's before symptoms appear [3][4] Financial and Market Opportunity - The global economic burden of Alzheimer's was estimated at US$1 trillion in 2019, projected to rise to US$10 trillion by 2050, creating a substantial market opportunity for brain-specific PET scans and Alzheimer's treatments [4] - Each Alzheimer's PET brain scan will cost approximately US$5,000, with coverage from private insurance, Medicare, and Medicaid [6] - The current number of full-body PET/CT scanners in the U.S. is insufficient to meet the demand for Alzheimer's diagnostics, as 45% of existing scanners are primarily used for cancer and cardiac imaging [5] Technological Advancements - The CareMiBrain™ system is a dedicated brain PET scanner that reduces radiation exposure by up to 25% compared to full-body PET/CT units, enhancing patient safety [8][11] - The system features advanced technology for clarity and quantification, and is designed for patient comfort with ergonomic features [10][16] - Catalyst MedTech will provide consulting services to Algernon, including guidance on regulatory compliance and billing for the clinics [12] Strategic Partnerships and Future Plans - Algernon will collaborate with neurologists, geriatricians, and other medical professionals to generate patient referrals for the new clinics [3] - The company plans to change its name to Algernon Health Inc. to better reflect its focus on Alzheimer's diagnostics and neuroimaging clinics across North America [13] - Further updates on the company's expansion and growth plans, including the location of its first U.S. flagship neuroimaging clinic, will be provided soon [13]
Guerbet : Change in General Management
Globenewswire· 2025-09-22 15:45
Core Viewpoint - Guerbet has appointed Mr. Jérôme Estampes as interim Chief Executive Officer, succeeding Mr. David Hale, who is leaving the company to pursue new projects [2][3]. Company Management Changes - Mr. Jérôme Estampes has been with Guerbet since 2019 as Chief Administrative and Financial Officer, where he has developed a strong understanding of the company's financial, operational, and commercial challenges [3]. - The Board of Directors has expressed gratitude to Mr. David Hale for his contributions since joining in February 2018, first as Chief Commercial Officer and then as CEO from January 1, 2020 [2][4]. Transition and Future Leadership - The Board supports Mr. Estampes and he will have the assistance of Guerbet's Executive Committee to ensure a smooth transition and to continue implementing transformation measures and the commercial strategy [4]. - The Nominations and Remuneration Committee has initiated the recruitment process for a permanent Chief Executive Officer [4]. Company Overview - Guerbet is a global leader in medical imaging, focusing on improving patient care through innovation, with nearly a century of expertise [6]. - The company offers a comprehensive portfolio of pharmaceutical products, medical devices, and AI-driven solutions for diagnostic and interventional imaging [6]. - Guerbet invests 10% of its annual revenue in research and development and reported €786 million in revenue in 2023 [6].
Nanox Announces Multi-Segment Healthcare Collaboration with Monarch Medical Management to Expand Access to Advanced Medical Imaging
Globenewswire· 2025-09-18 12:00
Core Insights - Nanox Imaging Ltd has announced a collaboration with Monarch Medical Management and Billing LLC to deploy advanced imaging solutions across various healthcare segments, including workers' compensation, nursing homes, and outpatient clinics [1][2][4] Group 1: Collaboration Details - The collaboration aims to establish a comprehensive imaging network by deploying Nanox's technology across Monarch's associated healthcare facilities, with over a dozen initial sites identified for a proof-of-concept phase [2] - Nanox's advanced imaging services will be accessible to patients in multiple care settings, including the Nanox.ARC system, AI-powered software for analyzing CT scans, and teleradiology services [3][4] Group 2: Strategic Goals - The collaboration addresses critical imaging access challenges by providing faster access to high-quality imaging services, which can accelerate accurate diagnosis and treatment decisions for patients [4] - Nanox's vision includes expanding its technology reach beyond hospital settings, aiming for a seamless end-to-end solution from scan to diagnosis, leveraging AI for improved efficiency in medical imaging [6] Group 3: Company Background - Nanox is focused on transitioning the world to preventive healthcare through affordable medical imaging technologies based on advanced AI and proprietary digital X-ray sources [5] - The Nanox ecosystem includes various components such as Nanox.ARC, Nanox.AI, Nanox.CLOUD, and Nanox.MARKETPLACE, all aimed at enhancing early detection and treatment to improve health outcomes globally [6]
TD Cowen Remains Bullish on Butterfly (BFLY), iQ3 Results Bolster Adoption Potential
Yahoo Finance· 2025-09-17 18:18
Group 1 - Butterfly Network Inc. (NYSE:BFLY) is recognized as a promising emerging technology stock due to its innovative handheld ultrasound device that connects to smartphones, utilizing patented ultrasound-on-a-chip technology [1][5] - The handheld ultrasound device is expected to make medical imaging more affordable, user-friendly, and accessible, particularly in clinics and developing countries, potentially disrupting traditional healthcare diagnostics [2][5] - TD Cowen analyst Josh Jennings has reaffirmed a Buy rating on Butterfly Network with a price target of $3.50, following positive results from the POCUS-CARE trial, which demonstrated the device's ability to reduce hospital costs and shorten patient stays [2][3] Group 2 - Jennings attributes the stock's nearly 30% decline since late July to temporary and cyclical headwinds identified during the Q2 2025 earnings call, suggesting that the pullback is excessive when considering Butterfly's long-term fundamentals [4] - With new clinical evidence supporting its technology, Butterfly Network is positioned to effectively implement its rollout strategy, reinforcing the Buy rating [5]
TEM Strengthens Radiology Portfolio With Pixel's FDA Clearance
ZACKS· 2025-09-16 13:21
Company Overview - Tempus AI has developed advanced algorithms in radiology, enhancing precision and personalization in medical care through strategic acquisitions [1][4] - The company launched Tempus Pixel, an AI-powered cardiac imaging platform, which received FDA clearance for advanced cardiac MR image analysis [2][10] Market Insights - The AI in Radiology Market is projected to reach $15.7 billion by 2035, growing at a CAGR of 19.56% from 2025 to 2035, indicating significant growth opportunities for companies like Tempus [2] Product Features - Tempus Pixel offers advanced viewing and automated reporting of cardiac MR images, improving efficiency in flow visualization and tissue characterization [3] - The platform generates T1 and T2 inline maps, providing precise numerical values for cardiac tissue characteristics, aiding in the detection of conditions like fibrosis and inflammation [3] Strategic Acquisitions - In 2022, Tempus acquired Arterys, integrating its AI tools for analyzing various imaging data into Tempus' platform, thereby expanding its capabilities [4][10] Competitive Landscape - GE HealthCare launched the Voluson Performance series, enhancing women's health ultrasound with AI and automation [5] - GE HealthCare also acquired icometrix to integrate AI-powered brain imaging analysis into its MRI systems [6] Stock Performance - Year-to-date, Tempus AI shares have increased by 152.2%, outperforming the industry growth of 28.5% and the S&P 500's 12.8% [9] Valuation Metrics - Tempus AI currently trades at a forward Price-to-Sales (P/S) ratio of 10.02X, significantly higher than the industry average of 5.92X, indicating a potentially expensive valuation [11]
FONAR Announces Financial Results for Fiscal 2025
Newsfile· 2025-09-12 12:27
Core Insights - FONAR Corporation reported a 1% increase in total net revenues to $104.4 million for the fiscal year ended June 30, 2025, compared to $102.9 million for the previous fiscal year [3][7] - The company experienced a 30% decrease in income from operations, falling to $11.6 million, and a 24% decrease in net income to $10.7 million for the same period [9][12] - The diagnostic imaging management subsidiary, Health Management Company of America (HMCA), continues to grow, managing 44 MRI scanners and achieving a record scan volume of 216,317 in Fiscal 2025, a 3.3% increase from the previous year [13][14] Financial Performance - Total revenues increased by 1% to $104.4 million for the fiscal year ended June 30, 2025, compared to $102.9 million for the fiscal year ended June 30, 2024 [3][7] - Total costs and expenses rose by 7% to $92.8 million, up from $86.3 million in the previous fiscal year [3] - Income from operations decreased by 30% to $11.6 million, down from $16.5 million in the previous fiscal year [9] - Net income decreased by 24% to $10.7 million, compared to $14.1 million in the previous fiscal year [9][12] - Diluted net income per common share fell by 20% to $1.23 from $1.53 in the previous fiscal year [9] Revenue Breakdown - Revenues from the management of the diagnostic imaging center segment increased by 1% to $95.4 million for the fiscal year ended June 30, 2025, compared to $94.6 million for the previous fiscal year [4] - Revenues from product sales and upgrades, as well as service and repair fees, totaled $9.0 million, an increase from $8.3 million in the previous fiscal year [5] Cash and Assets - Cash and cash equivalents remained stable at $56.3 million as of June 30, 2025, compared to the previous fiscal year [7][10] - Total assets increased to $216.9 million from $214.2 million in the previous fiscal year [10] - Total stockholders' equity rose to $160.1 million from $156.8 million in the previous fiscal year [12] Operational Highlights - The company added two MRI scanners in Fiscal 2025, bringing the total to 44, with locations in New York and Florida [7][14] - Scan volume in New York increased by 4.4%, while Florida saw a modest increase of 1.6%, impacted by tort reform affecting MRI providers [13] - Research and development expenses decreased by 9% to $1.6 million, while selling, general, and administrative expenses increased by 11% to $29.7 million [8] Stock Repurchase and Future Plans - The stock repurchase plan initiated in September 2022 has repurchased 373,942 shares at a cost of approximately $6.07 million [15] - The company has temporarily suspended share repurchases due to a potential "Take Private" transaction announced in July 2025 [15]