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IQ-AI Limited reported its most successful year in 2021, achieving a significant revenue increase with year-to-date revenues more than doubling. The company focuses on advancing its technology portfolio, particularly the IB Clinic platform for brain cancer treatment. Key milestones include the sponsorship of a Phase I clinical trial and a US patent for their IB Zero G technology, which allows non-contrast imaging. The company aims to enhance its presence in National Cancer Institute designated centers and prepare for FDA 510(k) submission in 2022.
IQ-AI Limited (OTCQB:IQAIF) has announced the acquisition of IB Clinic by Froedtert Health, enhancing their neuro-oncology imaging capabilities. This upgrade utilizes non-invasive and automated imaging technology for better diagnosis and treatment of high-grade brain tumors, addressing the limitations of traditional MRI methods. A recent study published in Neurosurgery Open highlights the platform's effectiveness in differentiating tumor tissue from treatment effects. The company anticipates further expansions and client acquisitions throughout 2022.
IQ-AI Limited (OTCQB:IQAIF) recently announced the award of a European Patent for its technology in Multiparameter Perfusion Imaging with Leakage Correction, enhancing MRI imaging for brain tumor patients. This technology, already patented in the USA, allows for more efficient data acquisition, reducing gadolinium-based contrast agent consumption by 50%. Funded partly by a NIH grant, this development aligns with NHS initiatives for improving patient outcomes. CEO Michael Schmainda emphasized the company's strengthened position in global markets due to this innovation.
IQ-AI Limited (OTCQB:IQAIF) announced significant sales of its Imaging Biometrics (IB) software, securing renewal licenses from esteemed clients and a new installation at the Eastern Alabama Medical Center. This includes robust automation capabilities for generating quantitative perfusion maps critical in brain tumor analysis. The company reported a swift recovery in sales after pandemic impacts and anticipates continued growth in renewals and customer acquisitions. Key endorsements from prominent medical professionals highlight the effectiveness of the IB software in treatment planning.