The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Optiscan Imaging (OIL) partners with software developer Prolucid Technologies to develop AI algorithms using confocal laser endomicroscopy (CLE) tech
  • The companies will work to develop a processing pipeline to display the results of an AI algorithm to clinicians based on images from Optiscan’s platform technology
  • The project will have an initial goal of developing an application to support image collection, processing, and tissue analytics to detect the presence of precancerous and cancerous cells
  • The project is anticipated to span 18 to 24 months and will potentially enable clinicians to make faster decisions during clinical workflows
  • Optiscan shares were last trading at 12.5 cents at 12:44 pm AEDT

Optiscan Imaging (OIL) has partnered with software developer Prolucid Technologies to develop artificial intelligence (AI) algorithms and telepathology workflows.

The two companies will use Optiscan’s confocal laser endomicroscopy (CLE) technology to develop a processing pipeline to display the results of an AI algorithm to clinicians based on images from Optiscan’s platform technology.

Together, Optiscan and Prolucid will focus on oral imaging and cancer detection, with the goal of developing a software-as-a-medical-device (SaMD) application to support image collection, processing, and tissue analytics to detect the presence of precancerous and cancerous cells.

The project is anticipated to span 18 to 24 months and will potentially enable clinicians to make faster decisions during clinical workflows.

The application will be used by trained healthcare professionals in a variety of hospital and clinical settings.

“The development of AI algorithms using our technology supports our vision to be at the forefront of enabling immediate, informed clinical decisions for healthcare professionals globally using digital microscopy,” Optiscan CEO and Managing Director Camile Farah said.

“We are delighted to be partnering with Prolucid Technologies on this cutting-edge innovation project, which will help clinicians achieve the best possible patient outcomes through the earlier detection, diagnosis and treatment of cancer.”

Meanwhile, Prolucid CEO Darcy Bachert said the collaboration between the two companies could “transform how professionals detect cancer”.

Optiscan shares were last trading at 12.5 cents at 12:44 pm AEDT.

OIL by the numbers
More From The Market Online
Mining work at CZR Resources' for-sale Robe Mesa iron ore project.

Still no approval 12 months on: FIRB wait forces CZR Resources to kick $102M Robe Mesa sale down road again

CZR Resources (ASX:CZR) has been forced to
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Operator beats weekend’s tech outage to get Aussie bourse open for green Monday | Dec 23, 2024

First thing first, yes the ASX will be open today – the Aussie bourse was in serious danger of being closed through December

Provaris Energy’s hydrogen tanker fabrication to recommence; shares up 6%

Provaris (ASX:PV1) has announced fabrication of its prototype hydrogen tanker is to recommence in 2025, pushing…
Image of a woman holding a bottle of hemp oil

Little Green Pharma jumps into distribution with acquisition

Little Green Pharma is aiming to make the strategic acquisition of HH (Australia) Pty Ltd to…