iCad (Nasdaq:ICAD) announced today that it entered into a collaboration with Microsoft to advance AI-powered mammography solutions. Nashua, New Hampshire-based iCad — set to be acquired by RadNet — says the collaboration includes a set of AI-powered mammography solutions in its ProFound Breast Health Suite. These will go on Microsoft’s Precision Imaging Network. The deal […]
iCad
RadNet to acquire iCad
RadNet (Nasdaq:RDNT) announced an agreement to acquire iCad (Nasdaq:ICAD) in an all-stock transaction for approximately $103 million. Under the agreement, iCad stockholders receive 0.0677 shares of RadNet common stock for each iCad share held at closing. Based on RadNet’s closing price on Monday, April 14, 2025, this brings the transaction’s value to approximately $103 million. […]
FDA clears AI-powered breast cancer detection tech from iCad
iCad (Nasdaq:ICAD) announced today that the FDA cleared its ProFound Detection version 4.0 for digital breast tomosynthesis (DBT). Nashua, New Hampshire-based iCad trained its next-generation AI solution using deep learning convolutional neural networks (CNN). It offers advancements in cancer detection and specificity, improving the identification of hard-to-find and aggressive cancers. The technology also reduces false […]
iCad AI tech accurately predicts breast cancer risk, provides heart disease insights
iCad (Nasdaq:ICAD) today announced plans to present new studies validating its AI-powered ProFound Breast Health Suite. ProFound helps to uncover hidden heart or vascular disease and predict a woman’s risk for developing breast cancer in the next 1-2 years. The platform can screen a single mammogram for two of the top causes of death for […]
iCad sells Xoft brachytherapy business to Elekta
iCad today announced it sold its Xoft Brachytherapy business line to Elekta for approximately $5.5 million. Elekta is taking over the business, effective immediately, and will make final payments to iCad no later than November 6, 2023. As part of the deal, Elekta will assume all liabilities, and employees will transfer with the business. The […]
