#AIEye
Episode 417: Nuance (NasdaqGS: $NUAN) Announces Strategic Collaboration with
MITRE and Cancer Genetics (NasdaqCM: $CGIX) Enters Definitive Merger with
StemoniX
Global
AI in Diagnostics Market to Reach $1.3 Billion by 2026
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2020/082420-AI-Eye.mp3
Read
this in full at http://www.investorideas.com/news/2020/artificial-intelligence/08241AIEye-NUAN-CGIX.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NUAN) (NasdaqCM:CGIX)
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced a strategic collaboration with
not-for-profit R&D organization MITRE to “advance the mCODE™ (minimal
Common Oncology Data Elements) data standard for improved cancer research and
treatment using the AI-powered Nuance® Dragon Medical One solution.” Diana
Nole, Nuance Communications, executive vice president and general manager of
healthcare, explained:
“Collecting
clinical data specific to oncology treatment has traditionally been a difficult
task to overcome. Combining Nuance's AI expertise with the mCODE data standard
provides oncologists with the ability to easily collect and gain access to
critical outcome data by simply using their voice to securely dictate notes and
search within the EHR using Nuance Dragon Medical One. This will garner significant
advancements in data collection, which will, in turn, dramatically improve
patient treatment and care."
Cancer Genetics, Inc. (NasdaqCM:CGIX) announced the entry into a definitive merger
agreement with StemoniX, Inc., the latter of which is described as “a leader in
developing high-throughput disease-specific human organoid platforms integrated
with leading-edge data science technologies.” The terms of the merger agreement
indicate that StemoniX will retain its name and merge with a newly formed
subsidiary of Cancer Genetics. Jay Roberts, Cancer Genetics CEO, explained:
"The
process of discovering and developing a new drug candidate takes years and
comes with a price tag of hundreds of millions - or even billions - of dollars.
However, we are at unique time in the drug discovery industry as the
convergence of technological innovations in both biology and software will
transform conventional workflows in time and accuracy. To convert the
time-consuming and labor-intensive process of developing a drug for market, we
now look to supplement traditional discovery and drug approval mechanisms to
include humanized cell-based assays with artificial intelligence (AI) along
with our core vivoPharm business. Given that our strategy and approach are
strongly aligned with those of StemoniX, we are pleased to have moved forward
with this proposed transaction.”
Global
AI in Diagnostics Market to Reach $1.3 Billion by 2026
Research from ReportLinker finds that the global AI in
Diagnostics market will reach $1.3 billion by 2026 with a compound annual
growth rate (CAGR) of 27.4 percent in the forecast period 2020-2026. An outline
from the report’s summary reads:
Artificial
intelligence in healthcare is one of the most important scientific advancements
in medicine so far. The participation of several start-ups in the development
of AI-driven imaging and diagnostic solutions is a key factor contributing to
the growth of the sector.
Artificial
intelligence applications vary from image acquisition, processing to aided
reporting, follow-up, data storage, data mining, etc. The report provides a
balance between threats to AI and opportunities for radiologists in the modern
medical world. The use of machine learning combines computational models and
algorithms that replicate the brain’s biological neural network architecture,
i.e., artificial neural networks (ANNs). Output wise, Deep learning has a
higher rate of success relative to conventional machine learning.
Sam Mowers, Investorideas.com
Read
and hear other editions of the AI Eye
For
a list of artificial intelligence stocks on Investorideas.com visit
here
or become an Investor Ideas member
About Investorideas.com - News that Inspires
Big Investing Ideas Investorideas.com is a recognized news
source publishing third party news, research and original financial content.
Learn about investing in stocks and sector trends with our news alerts,
articles, podcasts
and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech,
water, renewable energy and more. Investor Idea’s original branded content
includes the following podcasts and columns : Crypto
Corner , Play by Play sports and stock news column, Investor
Ideas Potcasts Cannabis News and Stocks on the Move
podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
The
Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
Visit
the Podcast page at Investorideas.com:
https://www.investorideas.com/Audio/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more
about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com Global investors
must adhere to regulations of each country. Please read Investorideas.com
privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence is an
original content brand of Investorideas.com
Follow
us on Twitter https://twitter.com/Investorideas
Follow
us on Facebook https://www.facebook.com/Investorideas
Follow
us on YouTube https://www.youtube.com/c/Investorideas
Download
our Mobile
App
for iPhone and Android
Join
our Investor Club https://www.investorideas.com/membership/
Contact
Investorideas.com
800
665 0411
Get more Technology
stock investor ideas - news, articles,
podcasts and stock directories
No comments:
Post a Comment