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GE Healthcare and CorTechs Labs Inc. Announce Strategic Agreement to Co-Market NeuroQuant®, Comprehensive Solutions for Quantifying Brain Volume Loss
|By Business Wire
|May 13, 2014 05:56 AM EDT
Today at the joint meeting of the International Society of Magnetic
Resonance in Medicine (ISMRM) and the European Society of Magnetic
Resonance in Medicine and Biology (ESMRMB), GE Healthcare, a leading
provider of MRI systems, and CorTechs Labs, a leading medical software
innovator providing solutions for quantitative brain volume analysis,
are pleased to announce the signing of a strategic joint-marketing
agreement. The companies will collaborate to co-market a powerful MRI
scanning solution combined with NeuroQuant, CorTechs Labs’ leading MRI
NeuroQuant enables the acquisition of volumetric brain image data and
automatically conducts accurate and consistent measurements of cortical
and subcortical volumes targeted at identifying evidence of
neurodegeneration. This innovative solution will provide neurologists
and radiologists with objective support for their clinical impression.
“Accurate measurement of volumes of different parts of the brain may be
a useful aid in the diagnosis of neurodegenerative diseases such as
Alzheimer’s, multiple sclerosis and traumatic brain injury," said Chris
Airriess, chief technology officer, CorTechs Labs. "Volume changes in
certain brain structures have been linked in the literature to early
indications of such conditions where more traditional diagnoses lack
detection sensitivity.” NeuroQuant does this in an automated fashion,
without user intervention, and is the only 510(k) approved software for
“CorTechs Labs is a pioneer and a trendsetter in the area of software
for the aid of brain diagnostics and is widely used in clinical
practices worldwide,” said Baldev Ahluwalia, premium segment manager at
GE Healthcare, MRI. “We at GE Healthcare look forward to collaborating
with CorTechs Labs, benefitting from their innovative approach to
providing the highly-desired quantitative brain volumetric information
"We're pleased to expand our relationship with GE Healthcare. With a
leading global presence in advanced MRI scanning solutions, GE
Healthcare is a terrific collaborator providing complementary products
and services,” said Guri Stark, CorTechs Labs’ CEO. “We look forward to
working with GE Healthcare to empower clinicians with objective
quantitative data, while continuing NeuroQuant’s growth momentum. In
turn, this furthers our vision to establish NeuroQuant as the standard
measurement solution for all brain disorders, including Alzheimer’s
disease, epilepsy, multiple sclerosis and traumatic brain injury."
About CorTechs Labs
CorTechs Labs develops and markets cutting-edge brain imaging solutions
used by neurologists and radiologists in hundreds of clinics and
research centers around the world. CorTechs' flagship product,
NeuroQuant, is a breakthrough, 510(k) cleared software medical device
that makes quantitative analysis of MRI images of the human brain a
routine part of clinical practice. As the only FDA cleared medical
device capable of automatically detecting and quantifying atrophy in the
human brain, NeuroQuant® brings sophisticated, accurate,
and fully automated MRI post-processing capabilities to the physician's
desktop or mobile device. This provides neurologists, radiologists, and
clinical researchers with a convenient and cost-effective means to
quantify atrophy of brain structures to help diagnose a variety of brain
disorders, including conditions such as Alzheimer's disease, epilepsy,
multiple sclerosis and traumatic brain injury.
About GE Healthcare
GE Healthcare provides transformational medical technologies and
services to meet the demand for increased access, enhanced quality and
more affordable healthcare around the world. GE (NYSE: GE) works on
things that matter - great people and technologies taking on tough
challenges. From medical imaging, software & IT, patient monitoring and
diagnostics to drug discovery, biopharmaceutical manufacturing
technologies and performance improvement solutions, GE Healthcare helps
medical professionals deliver great healthcare to their patients.
GE Healthcare’s Commitment to Neurology
Between 2010 and 2020, GE Healthcare plans to invest over $500 million
in research into neurological disorders. The investment crosses all
lines of GE Healthcare's global business and focuses on developing new
neurology diagnostic solutions, educating consumers, and expanding
research already in progress. Target areas include diagnosing
post-traumatic stress disorder, Alzheimer's disease, Parkinson's
disease, multiple sclerosis, stroke, concussion and traumatic brain
injury. For decades, GE Healthcare has produced diagnostics scanners,
imaging agents and software to help physicians see more clearly inside
the brain and aid better patient management. In 2013, a $60 million
investment with National Football League to develop new MR technology
for traumatic brain injury was announced, including a $20 million Global
Challenge to advance diagnosis and prognosis of mild TBI.
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