ICAD Rises on Cancer Imaging Deal with Google
November 28 2022 - 09:20AM
TipRanks
Shares of cancer detection and cancer therapy solutions provider
iCAD (NASDAQ:ICAD) are in the green today on the back of its
development and commercialization deal with Google
(NASDAQ:GOOGL)(NASDAQ:GOOG) . Under the agreement, Google
Health’s AI technology will be integrated with ICAD’s breast
imaging AI solutions. The two companies will also work on enhancing
ICAD’s solutions for mammography and expanding access to the
technology. Further, ICAD will utilize the licensed technology from
Google to enhance its 3D and 2D AI algorithms and will bring the
developed products to market. Despite today’s price gains, ICAD
shares are still down nearly 76% over the past year.
https://www.tipranks.com/news/icad-rises-on-cancer-imaging-deal-with-google?utm_source=advfn.com&utm_medium=referral
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