iCAD Commends Final USPSTF Recommendations for Colorectal Cancer Screening Including Computed Tomography Colonography (CTC)

NASHUA, N.H.  – June 21, 2016 – iCAD (Nasdaq: ICAD), an industry-leading provider of advanced image analysis, workflow solutions and radiation therapy for the early identification and treatment of cancer, today announced its support for the new U.S. Preventive Services Task Force (USPSTF) recommendations for colorectal cancer (CRC) screening that include use of computed tomography colonography (CTC). The Affordable Care Act requires private insurers to fully cover all USPSTF-recognized CRC screening exams, for adults aged 50 to 75 years old, including screenings with CTC technology.

“We applaud the USPSTF for recognizing CTC as an effective cancer screening tool and hope that this will encourage people of screening age to opt for the exam, which is less invasive and does not require sedation,” said Ken Ferry, CEO of iCAD. “iCAD is committed to developing innovative technology to assist radiologists in identifying polyps and enhancing CRC screening workflow, highlighted by VeraLook®, our computer aided detection (CAD) technology for CTC. VeraLook was the first FDA-cleared CAD technology for CTC and a rigorous reader study demonstrated that it achieves significant improvement in polyp detection.”

VeraLook uses sophisticated image processing software to identify colon polyps in CTC images, which can help to streamline the reading process and improve workflow for radiologists while supporting greater accuracy, consistency, and productivity in colon cancer screenings. The technology, which is used in conjunction with industry leading advanced CTC software applications, is commercially available in leading healthcare facilities in the U.S., Canada and Europe.

The USPSTF CRC screening recommendations also highlighted clinical evidence indicating that screening can significantly reduce the risk of death from CRC among adults aged 50 to 75 years. The American Cancer Society estimates that 134,000 people will be diagnosed with CRC this year, and about 49,000 will die from it.

“Although the increased availability of advanced screening methods has contributed to a substantial decline in CRC rates in recent years, it continues to be the second leading cause of cancer death among women and men,” said Ferry, adding, “these new USPSTF recommendations will hopefully encourage more patients to be screened and help clinicians identify early indicators of cancers.”

About iCAD, Inc.

iCAD delivers innovative cancer detection and radiation therapy solutions and services that enable clinicians to find and treat cancers earlier and faster while improving patient outcomes. iCAD offers a comprehensive range of upgradeable computer-aided detection (CAD) and workflow solutions to support rapid and accurate detection of breast, prostate and colorectal cancers. iCAD’s Xoft® Axxent® Electronic Brachytherapy (eBx®) System® is a painless, non-invasive technology that delivers high dose rate, low energy radiation, which targets cancer while minimizing exposure to surrounding healthy tissue. The Xoft System is FDA cleared, CE marked, and licensed in a growing number of countries for the treatment of cancer anywhere in the body, including treatment of early-stage breast cancer, gynecological cancers and non-melanoma skin cancer. The comprehensive iCAD technology platforms include advanced hardware and software as well as management services designed to support cancer detection and radiation therapy treatments. For more information, visit or www.icadmed.com or www.xoftinc.com.

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