IQ-AI (IQAI) , an investment company focused on medical imaging diagnostics, announced that its wholly-owned subsidiary Imaging Biometrics had successfully deployed its software at Insel Gruppe AG in Bern, Switzerland. Imaging Biometrics (IB) specialises in automated software solutions for quantitative analysis of MRI and CT exams.
The installation at Insel Gruppe was facilitated through Bayer's Calantic platform on which IB's exclusive algorithms are made available under a partnership agreement. The incorporation of IB's software into Insel's workflow should help the former standardise its imaging procedures with enhanced lesion detection and patient monitoring, ultimately leading to better patient outcomes.
Prof. Roland Wiest, MD, Deputy Director of Neuroradiology at Insel Gruppe, commented: "The adoption of IB's advanced imaging is expected to be a game-changer in our patient care strategy. We foresee an immediate enhancement in our ability to tailor treatments to individual needs."
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A significant contract for IQ-AI's Imaging Biometrics as it deploys its full suite of applications at Insel Gruppe in Bern. Clinicians at Insel will benefit from IB's advanced quantitative imaging that offers significantly enhanced precision and reliability compared to older imaging methods. The technology will especially benefit neuroradiologists, oncologists, and surgeons, enabling them to make decisions more quickly.
For radiologists, the precise imaging that the platform affords means better and more efficient diagnostics and biomarker qualification, and in turn better treatment planning, decision-making and ultimately patient care. The contract win represents further validation of IB's software that should accelerate pipeline momentum and improve visibility. IQAI shares jumped 11% on the news.
Adding to today's announcement is a string of recent positive news from IB, including a Rare Pediatric Disease Designation grant by the US FDA for its lead drug candidate oral gallium maltolate (GaM). The candidate has demonstrated promising potential in pre-clinical and clinical settings for the treatment of multiple brain tumors. IB was also recently awarded $100k by Musella Foundation for development of the drug.
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