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Blog Exposure - Hologic Gets FDA Clearance for Quantra(TM) 2.2 Breast Density Assessment Software

Stock Monitor: Amedica Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 28, 2017 / Active-Investors issued a free report on Hologic, Inc. (NASDAQ: HOLX), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=HOLX as the Company's latest news hit the wire. On November 24, 2017, the Company declared that it has received the 510(k) clearance from the US Food and Drug Administration (FDA) for its Quantra™ 2.2 Breast Density Assessment Software. The Quantra™ software helps clinicians provide appropriate treatment to women through consistent breast density assessments during routine breast cancer screenings. Sign up now for our free research reports at: www.active-investors.com/registration-sg.

Active-Investors.com is currently working on the research report for Amedica Corporation (NASDAQ: AMDA ), which also belongs to the Healthcare sector as the Company Hologic. Do not miss out, become a member today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=AMDA.

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Hologic most recent news is on our radar and we have decided to include it in our blog post. Today's free coverage is available at: www.active-investors.com/registration-sg/?symbol=HOLX.

The Quantra™ software is being demonstrated at the 103rd Scientific Assembly and Annual Meeting of the Radiological Society of North America (RSNA), which is being held at McCormick Place in Chicago from November 26 to November 30, 2017.

About the Quantra™ Software

Quantra™ 2.2 Breast Density Assessment Software runs through a proprietary algorithm powered by machine learning. It provides clinicians patient-specific breast density assessment by analyzing mammography images for distribution and texture of breast tissue. The software classifies breasts into four categories of density, in alignment with the ACR BI-RADS® Atlas 5th Edition.

Benefits to Patients and Clinicians

It is difficult to detect breast cancer during annual screenings in case of women with dense breasts. About 50% of the women in the age group of 40 to 74 years are said to have dense breasts. Difficulty in detecting cancer leads to repetitive imaging, which results in increased patient anxiety and unnecessary facility costs. In fact, women with very dense breasts are four to five times more likely to develop breast cancer than women with less dense breasts.

Breast density can be identified on a mammogram or other screening modality, which is mostly determined by the radiologist who reads the image. The Quantra™ software helps ensure clinicians that they are providing their patients with an unbiased breast density assessment that removes the possibility of any visual subjectivity.

Software Compatible with Hologic's Genius 3D Mammography

The Quantra™ software can be used with Hologic's (NASDAQ: HOLX) 3D Mammography systems, including the new 3Dimensions mammography system, which is designed to be the fastest, highest resolution breast tomosynthesis system ever, with the 'Intelligent 2D imaging technology'. The 3Dimensions System offers a variety of features designed to provide superior quality 3D images for radiologists, improved workflow for technologists, and a more comfortable mammography experience, with low-dose options, for patients.

Demonstration at the Radiological Society of North America (RSNA)

Quantra™ Breast Density Assessment Software is one of the several new products that are being demonstrated at Hologic's booth at the 103rd Scientific Assembly and Annual Meeting of the RSNA. The RSNA is an international society of radiologists, medical physicists, and other medical professionals with 55,000 members from over 140 countries.

  • At the RSNA, Hologic would host a series of interactive workshops and educational symposia. Out of these, two presentations would specifically address the impact that breast tomosynthesis and breast density assessment software can have on clinicians and women with dense breasts.
  • Besides, the Company would also conduct workshops on topics such as contrast-enhanced 2D mammography, advancements in 3D™ Mammography, and 3D™ image-guided biopsy solutions.
  • Hologic will also showcase its "New Product Theater," wherein representatives from the Company's screening, interventional, and skeletal teams will present every hour during exhibition times.
  • These presentations will feature new products such as Brevera® breast biopsy system with CorLumina® imaging technology, and Fluoroscan® InSight™ FD Mini C-Arm extremities imaging system.

Stock Performance Snapshot

November 27, 2017 - At Monday's closing bell, Hologic's stock slightly dropped 0.24%, ending the trading session at $40.77.

Volume traded for the day: 2.10 million shares.

Stock performance in the last month - up 9.80%; previous three-month period - up 8.75%; past twelve-month period - up 4.38%; and year-to-date - up 1.62%

After yesterday's close, Hologic's market cap was at $11.24 billion.

Price to Earnings (P/E) ratio was at 15.42.

The stock is part of the Healthcare sector, categorized under the Medical Appliances & Equipment industry.


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