Executive Summary
Medicsight plc is a UK-headquartered, research driven developer of computer-aided detection (CAD) and image analysis software for the medical imaging market. The CAD software automatically highlights suspicious areas on computerised tomography (CT) scans of the colon and lung, helping radiologists to identify, measure and analyse potential disease and early indicators of disease. Medicsight's CAD software has been validated using one of the world's largest and most population diverse databases of verified patient CT scan data. Medicsight's ColonCAD(TM)and LungCAD(TM)software products are integrated with the advanced 3D visualisation workstations of several industry-leading imaging visualisation application software and equipment partners. The core focus of the Company's product development has been on developing technology that is used alongside Multi Detector Computer Tomography (MDCT) scanners. MDCT scanning is clinically recognised as a reliable, quick, safe and non-invasive examination for the detection of colon and lung cancer. However, interpretation and analysis of CT scan data is labour intensive and can be subject to human error. The application of Medicsight's CAD products is to aid detection and diagnosis in asymptomatic and symptomatic patients and to support diagnostic decision-making and treatment planning through the identification and measurement tracking of lesions. The Directors expect the proceeds of the placing to drive the uptake and distribution of the existing ColonCAD and LungCAD products (offices have been established in the USA, Japan and China specifically for this purpose); continued investment to improve clinical awareness and validation; actively promote CAD through the support of accredited training programs; and introduce additional products into the Company's portfolio by a combination of internal research and development and acquisitions.
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