Hologic Announces First and Only FDA-Cleared Digital Cytology System – Genius™ Digital Diagnostics System
Hologic, Inc. has received FDA clearance for its Genius™ Digital Diagnostics System with the Genius™ Cervical AI algorithm, the first FDA-cleared digital cytology system that combines deep-learning-based artificial intelligence with advanced volumetric imaging technology to help identify pre-cancerous lesions and cervical cancer cells.
The FDA clearance of Hologic's Genius™ Digital Diagnostics System marks a significant advancement in the field of cervical cancer screening. The integration of AI and volumetric imaging represents a leap forward in diagnostic accuracy and efficiency. From a medical research perspective, this system could potentially increase the detection rate of pre-cancerous lesions, which is critical for early intervention and improved patient outcomes. Furthermore, the adoption of such technology may lead to a reduction in the number of false positives and negatives, thereby optimizing the screening process and potentially reducing healthcare costs associated with unnecessary procedures.
It's important to consider the scalability of this technology and its integration into existing healthcare infrastructure. The ability to improve workflow suggests that laboratories could handle a higher volume of screenings without sacrificing quality, which could be instrumental in addressing backlogs or resource constraints. However, the cost of implementing such advanced systems could be a barrier for some healthcare providers, especially in resource-limited settings.
From an industry standpoint, Hologic's announcement could position the company as a leader in the diagnostic segment of women's health. The uniqueness of being the first FDA-cleared digital cytology system with AI capabilities provides Hologic with a competitive edge in the market. This innovation could drive market share gains and potentially create new revenue streams for the company.
Investors and stakeholders should monitor the adoption rate of the Genius™ Digital Diagnostics System, as it could serve as an indicator of Hologic's future financial performance. The impact on the stock market will likely depend on how quickly and widely the technology is adopted by healthcare providers. Additionally, this clearance could signal a broader trend towards AI integration in medical diagnostics, which may influence investment strategies across the healthcare sector.
It is also critical to assess the regulatory landscape and reimbursement policies which will affect the system's market penetration. Positive reception by regulatory bodies and inclusion in insurance coverage could significantly enhance the system's accessibility and adoption, further benefiting Hologic's market position.
Financially, the FDA clearance is a pivotal milestone that can potentially translate into a robust growth trajectory for Hologic, especially if the Genius™ Digital Diagnostics System becomes the new standard in cervical cancer screening. The system's ability to enhance patient care through more accurate detection is not only a win for patients but also for Hologic's brand reputation and its potential to command premium pricing.
Investors should evaluate the potential impact on Hologic's revenue streams and profit margins, considering the costs associated with research and development, marketing and sales for the new system. It will be important to analyze subsequent quarterly earnings and any guidance provided by the company to gauge the financial implications of this innovation. Additionally, any strategic partnerships or collaborations that Hologic enters into as a result of this technology could further influence the company's financial outlook.
While this clearance is a positive development, it is essential to remain cognizant of the competitive landscape and the possibility of rival technologies emerging. Hologic's ability to maintain its technological lead and secure a dominant market share will be crucial for long-term financial success.
02/01/2024 - 05:35 PM
Through a Combination of Advanced Imaging and Novel Artificial Intelligence, Latest Diagnostic System for Cervical Cancer Screening Can Help More Accurately Detect Disease, Improve Workflow and Enhance Patient Care
MARLBOROUGH, Mass. --(BUSINESS WIRE)--
Hologic, Inc. (Nasdaq: HOLX) announced today that its new Genius™ Digital Diagnostics System with the Genius™ Cervical AI algorithm has received clearance from the U.S. Food and Drug Administration (FDA), making it the first and only FDA-cleared digital cytology system that combines deep-learning-based artificial intelligence (AI) with advanced volumetric imaging technology to help identify pre-cancerous lesions and cervical cancer cells.
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Genius™ Digital Diagnostics System Station (Graphic: Business Wire)
“Hologic is a leading innovator in women’s health with a commitment to advancing cervical and breast cancer screening technologies, from the first liquid-based cytology test to the first 3D mammography system and now the first FDA-cleared digital cytology platform,” said Jennifer Schneiders, Ph.D., President, Diagnostic Solutions at Hologic. “Our technologies have had a tremendous impact on decreasing cancer rates in women, and we are incredibly excited by the promise of Genius Digital Diagnostics. The system delivers more actionable and accurate insights for laboratories and healthcare professionals to enhance patient care.”
In its most recent update , the American Cancer Society estimated that 13,820 cases of invasive cervical cancer will be diagnosed in the United States in 2024, and approximately 4,360 women will die from the disease. Detecting and identifying cervical cancer in the earliest stages is critical to effective prevention and treatment.
Screenings for cervical cancer include a Pap test, where a sample is generally collected at an OB-GYN office, and the cervical cells are sent to a lab where they are transferred to a glass slide. To date, this glass slide has been reviewed under a microscope. With the Genius Digital Diagnostics System, the glass slides are digitally imaged and an artificial intelligence algorithm is applied to pinpoint the cells that cytologists and pathologists should review.
The new process and technology demonstrated an overall improvement in sensitivity without a corresponding decrease in specificity. Notably, there was a 28% reduction in false negatives of high-grade squamous intraepithelial and more severe lesions compared to microscopic review.1 The Genius Digital Diagnostics System will help laboratories arm healthcare professionals with the information they need to guide more timely and effective treatment decisions for patients.
The Genius Digital Diagnostics System also offers the opportunity for greater collaboration across lab and other healthcare settings. The system allows cytologists and pathologists to securely review cases remotely, so patients can benefit from the collective knowledge of geographically dispersed experts.
The Genius Digital Diagnostics System consists of the Genius™ Digital Imager for image acquisition, the Genius™ Cervical AI algorithm for image analysis, the Genius™ Image Management Server for image storage and the Genius™ Review Station for local or remote case review. The complete system is scalable and designed to fit the present and future needs of laboratories. The Genius Digital Diagnostics System is already commercially available in Europe , Australia and New Zealand . Commercial availability in the U.S. is expected in early 2024.
About Cervical Cancer Screening
Cervical cancer is preventable and, if caught early, can be highly treatable. Co-testing — combining a Pap test with an HPV test — has been shown to be the most sensitive testing option for cervical cancer screening compared to either test used alone.2,3,4,5 Hologic pioneered the first FDA-approved liquid-based cytology test, the ThinPrep® Pap test, and the first FDA-approved mRNA-based HPV test, the Aptima® HPV Assay. Healthcare professionals have the choice to perform a co-test with ThinPrep and Aptima.
About Hologic, Inc.
Hologic, Inc. is a global medical technology innovator focused on improving the health and well-being of women, their families and communities through early detection and treatment. Its advancements include invention of the world’s first commercial 3D mammography system to find breast cancer earlier; leadership in testing for cervical cancer, sexually transmitted infections and respiratory illnesses; minimally invasive surgical technologies for uterine fibroids and abnormal uterine bleeding; and advanced vessel sealing and dissection devices.
The company also champions women through the Hologic Global Women’s Health Index , which provides a science-backed data framework for improving women’s well-being.
Forward-Looking Statements
This press release may contain forward-looking information that involves risks and uncertainties, including statements about the use of Hologic products. There can be no assurance these products will achieve the benefits described herein or that such benefits will be replicated in any particular manner with respect to an individual patient, as the actual effect of the use of the products can only be determined on a case-by-case basis. In addition, there can be no assurance that these products will be commercially successful or achieve any expected level of sales. Hologic expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements presented herein to reflect any change in expectations or any change in events, conditions or circumstances on which any such statements are based.
Hologic, The Science of Sure, Aptima, Genius and ThinPrep and associated logos are trademarks and/or registered trademarks of Hologic, Inc. and/or its subsidiaries in the United States and/or other countries.
Source: Hologic, Inc.
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1
Genius Digital Diagnostics System with the Genius Cervical AI Algorithm Instructions for Use AW-23890-001. Hologic, Inc.; 2024
2
Austin RM, et al. Enhanced detection of cervical cancer and precancer through use of imaged liquid-based cytology in routine cytology and HPV co-testing. Am J Clin Pathol.2018;150(5):385-392. doi: 10.1093/ajcp/aqy114 (Study included the ThinPrep® Pap test, ThinPrep imaging, digene HPV, Cervista HPV and Aptima HPV).
3
Blatt AJ, et al. Comparison of cervical cancer screening results among 256,648 women in multiple clinical practices. Cancer Cytopathol. 2015;123(5):282-288. doi:10.1002/ cncy.21544 (Study included ThinPrep, SurePath and Hybrid Capture 2 assay).
4
Kaufman H, et al. Contributions of Liquid-Based (Papanicolaou) Cytology and Human Papillomavirus Testing in Cotesting for Detection of Cervical Cancer and Precancer in the United States . Am J Clin Pathol. 2020:XX:0-0 DOI: 10.1093/AJCP/AQAA074 (Study included ThinPrep Pap test, ThinPrep imaging, SurePath Pap test, SurePath imaging, Aptima HPV assay and Hybrid Capture 2 HPV assay).
5
Zhou H, et al. Clinical performance of the Food and Drug Administration-Approved high-risk HPV test for the detection of high-grade cervicovaginal lesions. Cancer Cytopathol. 2016 May;124(5):317-23. doi: 10.1002/cncy.21687. (Study included Cobas HPV, SurePath and ThinPrep).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240131786693/en/
Media Contact:
bridget.perry@hologic.com
Investor Contact:
ryan.simon@hologic.com
Source: Hologic, Inc.
What is the FDA clearance for Hologic, Inc.'s new diagnostic system?
The FDA clearance is for the Genius™ Digital Diagnostics System with the Genius™ Cervical AI algorithm, the first FDA-cleared digital cytology system that combines deep-learning-based artificial intelligence with advanced volumetric imaging technology to help identify pre-cancerous lesions and cervical cancer cells.
What is the ticker symbol for Hologic, Inc.?
The ticker symbol for Hologic, Inc. is HOLX.
Who is the President of Diagnostic Solutions at Hologic, Inc.?
The President of Diagnostic Solutions at Hologic, Inc. is Jennifer Schneiders, Ph.D.
