| [May 04, 2012] |
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Breastlink Medical Group to Offer iCAD's Xoft Radiation Therapy System to Breast Cancer Patients
NASHUA, N.H. and ORANGE, Calif. --(Business Wire)--
iCAD,
Inc. (Nasdaq: ICAD), an industry-leading provider of advanced image
analysis, workflow solutions and radiation
therapy for the early identification and treatment of cancer, and Breastlink
Medical Group in Southern California, today announced an agreement
that will make the Xoft® Axxent® Electronic Brachytherapy System®
available to breast cancer patients treated at Breastlink. The Xoft
system for Intraoperative Radiation Therapy (IORT) delivers a single,
prescribed, targeted dose of radiation during surgery directly to the
tumor cavity - minimizing radiation to healthy tissue and organs. The
announcement was made during the annual meeting of the American
Society of Breast Surgeons, in Phoenix, where iCAD (News - Alert) is showcasing the
Xoft system. Breastlink Medical Group is affiliated with RadNet
Management, Inc., which manages a network of outpatient imaging and
comprehensive cancer treatment centers.
"By adopting the Xoft system for IORT at our practice, we are providing
select patients with a treatment option that lets them receive a full
course of radiation therapy during their lumpectomy procedure,
eliminating the emotional and physical burden of traditional radiation
therapy which can require weeks of daily treatments," said Amy Bremner,
MD, breast surgeon at Breastlink Medical Group. "At Breastlink we are
committed to providing our patients with cutting-edge treatment options
like the Xoft system that provide optimal care and get our patients back
to their active lifestyles as quickly as possible."
"Breast surgeons and radiation oncologists looking to offer their
patients advanced radiation therapy treatment options that can be
delivered in shorter timeframes while minimizing radiation exposure
continue to select the Xoft system for Intraoperative Radiation
Therapy," said Ken Ferry, President and CEO of iCAD. "The availability
of the Xoft system by Breastlink Medical Group demonstrates the
continued adoption of this innovative treatment by leading breast health
centers in the U.S."
As the Xoft system does not require a shielded environment and is
relatively small in size, it can easily be transported for use in
virtually any clinical setting (including the operating room where IORT
is delivered) under radiation oncology supervision. The Xoft system may
also be used for accelerated partial breast irradiation (APBI), which
can be delivered twice daily for five days.
The Xoft system is cleared by the U.S. Food and Drug Administration for
the treatment of conditions where radiation is indicated, including
early stage breast cancer, skin cancer, and endometrial cancer.
About Breastlink Medical Group
For more than 15 years, Breastlink Medical Group has been providing
comprehensive breast cancer treatment and service to women in Southern
California. The Breastlink vision is to provide Optimal Care to all our
patients through a multidisciplinary approach that includes leading
breast cancer physicians, as well as psychotherapists, researchers and
patient advocates. Breastlink Medical Group has been ranked by Self
Magazine as one of America's 10 best breast cancer centers. For more
information, visit www.breastlink.com.
Breastlink is affiliated with RadNet Management, Inc., which manages a
network of outpatient imaging and comprehensive cancer treatment centers.
About RadNet, Inc.
Founded in 1984, RadNet (NASDAQ: RDNT), is a national leader in
providing high-quality, cost-effective diagnostic imaging services
through a network of 233 owned and/or operated outpatient imaging
centers, (inclusive of 19 facilities held in joint ventures) located in
six states, including California, Maryland, Delaware, New Jersey, New
York and Florida. RadNet offers to its patients and referring physicians
the full spectrum of diagnostic imaging exams, including PET/CT, MRI,
CT, Nuclear Medicine, Mammography, Ultrasound and X-ray, as well as
numerous other procedures. RadNet utilizes best of breed technology to
appropriately serve the medical communities in which it operates.
Additionally, RadNet currently provides diagnostic imaging services to
over 750,000 lives under exclusive capitation contracts with prominent
medical groups and Independent Physician Groups (IPAs). RadNet performs
over 4 million diagnostic radiology and imaging procedures annually.
About iCAD, Inc.
iCAD is an industry-leading provider of Computer-Aided Detection (CAD)
technologies, advanced image analysis, workflow solutions and radiation
therapies for the early identification and treatment of common cancers.
iCAD offers a comprehensive range of high-performance, upgradeable CAD
solutions for mammography and advanced image analysis and workflow
solutions for Magnetic Resonance Imaging, for breast and prostate
cancers and Computed Tomography for colorectal cancer. iCAD's Xoft
system, offers radiation treatment for early-stage breast cancer that
can be administered in the form of intraoperative radiation therapy or
accelerated partial breast irradiation. The Xoft system is also cleared
for the treatment of non-melanoma skin cancer and endometrial cancer.
For more information, call (877) iCADnow, or visit www.icadmed.com.
"SafeHarbor" Statement under the Private Securities Litigation Reform
Act of 1995
Certain statements contained in this News Release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve a number of known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, but are not limited
to, the Company's ability to defend itself in litigation matters, the
risks relating to the Company's acquisition of Xoft including, the
expected benefits of the acquisition may not be achieved in a timely
manner, or at all; the Xoft business operations may not be successfully
integrated with iCAD's and iCAD may be unable to achieve the expected
synergies, business and strategic objectives following the transaction,
the risks of uncertainty of patent protection; the impact of supply and
manufacturing constraints or difficulties; product market acceptance;
possible technological obsolescence; increased competition; customer
concentration; and other risks detailed in the Company's filings with
the Securities and Exchange Commission. The words "believe",
"demonstrate", "intend", "expect", "estimate", "will", "continue",
"anticipate", "likely", and similar expressions identify forward-looking
statements. Readers are cautioned not to place undue reliance on those
forward-looking statements, which speak only as of the date the
statement was made. The Company is under no obligation to provide any
updates to any information contained in this release. For additional
disclosure regarding these and other risks faced by iCAD, please see the
disclosure contained in our public filings with the Securities and
Exchange Commission, available on the Investors section of our website
at http://www.icadmed.com
and on the SEC's (News - Alert) website at http://www.sec.gov.

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