Issued on behalf of Avant Technologies Inc.
VANCOUVER – Baystreet.ca News Commentary – The integration of artificial intelligence (AI) into healthcare is here to stay, and adoption is accelerating. According to research from PYMNTS Intelligence which polled C-suite executives at healthcare companies generating at least $1 billion in annual revenue, 90% already see positive ROI from investments in generative AI (GenAI). Analysts are projecting that by 2035 the gross value added by AI to the healthcare industry will be $461 billion on top of a baseline $2.26 trillion. Behind the scenes, several new AI healthcare tech developments are taking place, with updates recently coming from Avant Technologies, Inc. (OTCQB: AVAI), iCAD, Inc. (NASDAQ: ICAD), Microsoft Corporation (NASDAQ: MSFT), RadNet, Inc. (NASDAQ: RDNT), and Lantheus Holdings, Inc. (NASDAQ: LNTH).
At the regulatory level, the World Health Organization (WHO) recently announced a major global initiative to set unified standards for AI in healthcare, the US Food and Drug Administration (FDA) is working to catch up on approving new AI tech in the sector, with the latest being a cardioverter defibrillator.
Avant Technologies, Inc. (OTCQB: AVAI), an emerging leader in AI-driven healthcare innovation, continues to accelerate its push into AI-powered healthcare diagnostics through its joint venture with Ainnova Tech, operating through Ai-nova Acquisition Corp. (AAC), a jointly controlled entity that holds global licensing rights to VisionAI and its supporting hardware. The two companies recently announced that the FDA has officially received their request for a pre-submission meeting for VisionAI, the joint venture’s flagship screening platform.
This marked a pivotal moment in Avant’s trajectory. VisionAI uses a combination of retinal imaging, patient vitals, and advanced algorithms to identify early warning signs of diabetic retinopathy, cardiovascular disease, liver fibrosis, kidney disease, and type 2 diabetes—often before symptoms are visible. Studies show that AI tools can detect diabetic retinopathy and other chronic conditions with sensitivities exceeding 90%, often identifying issues before symptoms appear—according to NIH.
“This milestone reflects our two-tiered strategy, rapid deployment in low-regulation markets where VisionAI operates as a screening tool, and simultaneous progress toward FDA clearance for the U.S. market,” said Vinicio Vargas, CEO at Ainnova and a member of AAC’s Board of Directors. “Entering the U.S. will unlock significant commercial potential, and early engagement with regulators ensures we do so with speed, credibility, and a validated product.”
The upcoming FDA meeting will help finalize the clinical trial design and confirm the regulatory pathway for a 510(k) submission in the U.S., setting the stage for broader deployment.
What sets AVAI apart from many AI-in-healthcare names is that its technology is already in the field. VisionAI has been rolled out through commercial pilot programs across Latin America, including Chile, the Dominican Republic, Mexico, and Brazil. These early deployments are generating real-world data while demonstrating how early diagnostics can reduce system-wide costs and improve outcomes in primary care environments.
In recent months, AAC expanded its portfolio with four newly licensed diagnostic algorithms from one of Asia’s largest healthcare networks, validated on more than 2.3 million clinical cases. These models are now integrated into VisionAI to enhance its detection capabilities across multiple chronic disease categories.
On the clinical development front, Avant’s partner Ainnova has brought on global contract research organization Fortrea to help guide its FDA strategy. With both emerging-market traction and U.S. regulatory progress advancing in parallel, the company appears to be executing on a dual-pronged strategy: building early market access where regulatory barriers are lower, while preparing for the commercial scale and reimbursement potential of the U.S. healthcare system.
For investors tracking small-cap companies operating at the intersection of AI, diagnostics, and chronic disease management, Avant Technologies may be worth a closer look. As the FDA process moves forward and pilot programs scale, AVAI sits in a rare position—commercially active, globally licensed, and now formally in dialogue with U.S. regulators.
CONTINUED… Read this and more news for Avant Technologies Inc. https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
iCAD, Inc. (NASDAQ: ICAD) has partnered with Microsoft Corporation (NASDAQ: MSFT) to integrate its AI-powered mammography solutions into the Precision Imaging Network, expanding access to ProFound AI through Microsoft’s cloud-based radiology ecosystem. The collaboration allows radiologists to receive AI-generated breast health insights directly within PowerScribe reports, streamlining diagnostics and improving workflow efficiency across more than 17,000 U.S. healthcare facilities.
“With the integration of iCAD’s ProFound suite of breast health offerings with our Precision Imaging Network and PowerScribe solutions, we will help provide radiologists and patients with more accurate, actionable breast health insights, while streamlining mammography screening workflow, driving clinical and operational value at scale.” said Vikram Chhabra, General Manager, Diagnostic Solutions at Microsoft.
The rollout follows FDA clearance of iCAD’s fourth-generation ProFound Detection platform, which leverages deep learning to improve sensitivity in dense breast tissue and reduce false positives. This strategic move supports iCAD’s shift to a SaaS model while embedding its cancer detection tools within one of the most widely used diagnostic reporting systems in the country.
This collaboration comes just weeks after iCAD announced it would be acquired by RadNet, Inc. (NASDAQ: RDNT), a national leader in imaging services and parent company of DeepHealth. The all-stock transaction, valued at approximately $103 million, is expected to significantly enhance RadNet’s footprint in AI-powered breast cancer screening by integrating iCAD’s ProFound Breast Health Suite with DeepHealth’s growing platform.
“As we join forces with RadNet to create a broad offering of AI-driven solutions, we have the opportunity to redefine how breast cancer and other diseases are detected and treated,” said Dana Brown, President and CEO of iCAD. “Together, we will work to expand access to cutting-edge tools, accelerate innovation and advance our product roadmaps, empowering radiologists with more precise, efficient and scalable solutions that should ultimately improve patient care and outcomes. With current and future products in breast cancer detection, risk evaluation, density assessment and breast arterial calcification, we believe RadNet’s scale, access to data and clinical leadership will ensure our current and future products are brought to market, improving radiologist and patient workflow and clinical outcomes.”
With iCAD’s installed base spanning over 1,500 provider locations across 50 countries, the deal brings immediate global reach, commercial depth, and engineering talent into RadNet’s AI ecosystem. Once complete, the acquisition is expected to accelerate innovation across cancer detection, density assessment, and population-scale risk evaluation—solidifying RadNet’s position as a major player in next-gen diagnostic imaging.
“iCAD’s ProFound Breast Health Suite and RadNet’s DeepHealth AI-powered breast screening solutions, together, have the power to materially expand and improve patient diagnosis and outcomes on a global basis through further enabling accuracy and early-detection,” said Dr. Howard Berger, President and CEO of RadNet. “With over 1,500 healthcare provider locations, facilitating over 8 million annual mammograms in 50 countries, iCAD’s installed base and strong sales, engineering and marketing capabilities will provide us with immediate broad and valuable customer relationships and commercialization capabilities that can accelerate our existing DeepHealth objectives. This business combination is expected to accelerate our global leadership and commitment to AI-powered breast cancer screening, and positions us to further advance population health.”
Lantheus Holdings, Inc. (NASDAQ: LNTH) recently announced that its AI-integrated radiodiagnostic MK-6240 met co-primary endpoints in two pivotal studies, supporting an FDA submission planned for Q3 2025. Designed to detect tau protein buildup via PET imaging, MK-6240 provides a foundational layer of data that powers emerging AI tools used in Alzheimer’s diagnosis and disease progression modeling.
“The clinical results of MK-6240 underscore our commitment to providing cutting-edge imaging solutions for Alzheimer’s disease that align with the latest scientific advancements,” said Brian Markison, CEO, Lantheus. “With MK-6240 successfully meeting its primary endpoints in both pivotal studies, we are moving closer to delivering this innovative radiodiagnostic to potentially support precise diagnoses and improve disease management.”
The platform complements NAV-4694, Lantheus’ beta amyloid tracer, together forming a robust neuroimaging suite aligned with AI-driven diagnostic workflows. As AI adoption grows in neurology, these radiotracers position Lantheus at the center of precision imaging for one of healthcare’s fastest-growing markets.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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