The companies will work together in completing and commercializing the technology. In particular, Cedara will assist with marketing and product management; validation and engineering; regulatory management; technical authoring and hot-line support services. Cedara will also have a small equity stake in Medipattern.
"Cedara has the ability to take Medipattern's CAD technology and form a set of compelling solutions for breast ultrasound that have the potential to transform the breast imaging landscape", stated Jeff Collins, CEO of Medipattern Corporation. "Cedara also has the contacts and relationships to get this technology in front of every major ultrasound manufacturer and mammography company. Given Cedara's history and credentials with original equipment manufacturers (OEMs) we expect that market interest will be strong."
The partnership with Medipattern is another success of Cedara's Technology Partnership Programme, announced in November 2003 as a mechanism for the selection of innovative companies and technologies, and their promotion and distribution through Cedara's worldwide channels. Cedara Software recently announced United States FDA clearance of its Cedara I-ReadMammo mammography workstation, one of the first products that Cedara plans to enhance with Medipattern's new CAD technology.
"Cedara Software has a unique position in the medical imaging community", stated Abe Schwartz, Cedara's President and CEO. "We are independent, well-connected and respected as a committed partner and technology expert. This makes Cedara a tremendous launch vehicle for Medipattern's technology and success, a success in which we will all share."
The Medipattern Corporation, a private company located in Toronto, develops Computer Aided Diagnostic (CAD) software applications for medical imaging. Medipattern's flagship product, B-CAD, is a software platform capable of applying knowledge to digital images. It assists radiologists in their efforts to distinguish between benign and malignant lesions in ultrasound images of the breast.
Cedara Software Corporation is an independent provider of medical technologies for many medical device and health care information technology companies. Cedara software is deployed in hospitals and clinics worldwide. Approximately 20.000 medical imaging systems and 4600 Picture Archiving and Communications System (PACS) workstations have been licensed to date. Cedara is enabling the future of the health care industry with new innovative approaches to work flow, data and image management, integration, the Web, software components and professional services.
The company's medical imaging solutions are used in all aspects of clinical work flow including the capture of patient digital images; the sharing and archiving of images; sophisticated tools to analyse and manipulate images; and even the use of imaging in surgery. Cedara is unique in that it has expertise and technologies that span all the major digital imaging modalities including angiography, computed tomography (CT), echo-cardiology, digital X-ray, fluoroscopy, mammography, magnetic resonance imaging (MRI), nuclear medicine, positron emission tomography (PET) and ultrasound. More news on Cedara is available in the VMW April 2004 article Cedara to introduce new products for multi-slice CT reporting, mammography screening, orthopaedic applications and 3D segmentation