Medicsight Unveils New Version of ColonCAD(TM) at ECR 2009
06 Mars 2009 - 2:00PM
PR Newswire (US)
NEW YORK, March 6 /PRNewswire-FirstCall/ -- Medicsight PLC, a
subsidiary of MGT Capital Investments, Inc. (NYSE Alternext US:
MGT) and an industry leader in the development of Computer-Aided
Detection (CAD) and image analysis software which assists in the
early detection and diagnosis of disease, is pleased to announce it
has launched ColonCAD API 4.0, the latest version of its
computer-aided detection software, today at the European Congress
of Radiology (ECR 2009) show in Vienna. The software is designed to
assist radiologists in the detection of colorectal polyps in CT
colonography image data. Version 4.0 includes a significant
increase in the performance of the polyp detection algorithm,
reducing the number of false positive CAD marks displayed for each
patient case. Dr David Burling, Consultant Gastrointestinal
Radiologist and VC Program Director at St. Mark's Hospital, London,
UK commented today, "We welcome this latest improvement to
Medicsight's ColonCAD product. CAD is now an integral part of our
reading strategy in routine clinical practice. It improves
interpretation accuracy and is complimentary to workflow." Internal
testing on a dataset of 91 patient cases showed that the ColonCAD
API 4.0 maintains the same high levels of sensitivity to the
previous version but displays a 50% reduction in false positives,
with the CAD now returning a mean of 6.5 false positive marks per
patient case*. ColonCAD API 4.0 demonstrates the following
sensitivity: Size of Polyp Sensitivity 2mm-50mm 85% 6mm-9mm 90%
10mm+ (clinically significant) 92%+ The patient data used in this
testing remained independent from the development of the CAD and
have been endoscopically validated and reviewed by a panel of
expert radiologists to determine the ground truth against which the
CAD performance was assessed. Allan Rowley, Chief Executive of
Medicsight, commented, "Previous research has shown Medicsight's
ColonCAD significantly improves the performance of radiologists in
the detection of polyps in CT colonography image data. The
reduction in the numbers of false positives returned by our latest
version of CAD is expected to further improve the performance of
radiologists, by reducing the number of CAD marks which must be
assessed when reviewing a patient dataset." ColonCAD API 4.0 has
been CE Marked and will be available for sale in Europe through
Medicsight's network of partners. More than 17,000 medical and
industry professionals from over 95 countries will be attending
this year's ECR which is taking place in the Austria Center, Vienna
from 6-10 March. Visitors will be able to see demonstrations of the
Medicsight ColonCAD software integrated into their partners' 3D
advanced visualization workstations at the company's exhibition
booth no 506 in Expo E. * Data on file, Medicsight PLC About MGT
Capital Investments, Inc. MGT Capital Investments, Inc. is a
technology holding company that focuses on investments in the
global healthcare information technology market. The Company has
two subsidiaries, Medicsight PLC and Medicexchange PLC. Medicsight
PLC (AIM: MDST) is a UK-headquartered, research driven, leading
developer of computer-aided detection (CAD) and image analysis
software for the medical imaging market. The CAD software
automatically highlights suspicious areas on computerized
tomography (CT) scans of the colon and lung, helping radiologists
to identify, measure and analyze potential disease and early
indicators of disease. Medicsight's CAD software has been validated
using one of the world's largest and most population diverse
databases of verified patient CT scan data. Medicsight's
ColonCAD(TM) and LungCAD(TM) software products are seamlessly
integrated with the advanced 3D visualization workstations of
several industry-leading imaging equipment partners. Medicexchange
PLC provides medical imaging professionals with a global web portal
containing an online sales, jobs and information channel for
diagnostic, treatment and surgery planning solutions. This combined
with a variety of relevant clinical papers, training materials and
content gives these professionals access to information and
products that they otherwise would have difficulty accessing.
Additional information can be found at http://www.mgtci.com/. All
forward-looking statements are made pursuant to the 'safe harbor'
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current management
expectations that involve risks and uncertainties that may result
in such expectations not being realized. Potential risks and
uncertainties include, but are not limited to, the risks described
in company filings with the Securities and Exchange Commission.
Investor & Media enquiries: KCSA Strategic Communications Todd
Fromer / Garth Russell Tel: +1 212-896-1215 / 212-896-1250 /
DATASOURCE: MGT Capital Investments, Inc. CONTACT: Todd Fromer, +1
212-896-1215, ; or Garth Russell, +1-212-896-1250, , both of KCSA
Strategic Communications Web Site: http://www.mgtci.com/
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