Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFeedback Regulatory News (FDBK)

Share Price Information for Feedback (FDBK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 82.50
Bid: 80.00
Ask: 85.00
Change: 0.00 (0.00%)
Spread: 5.00 (6.25%)
Open: 82.50
High: 82.50
Low: 82.50
Prev. Close: 82.50
FDBK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Memorandum of Understanding with Qure.ai

14 Sep 2021 07:00

RNS Number : 6261L
Feedback PLC
14 September 2021
 

Feedback plc

 

Feedback enters into Memorandum of Understanding with Qure.ai

 

· Partnership to assess technical collaboration between Bleepa and Qure.ai technologies

· Qure.ai is a specialist in AI-powered radiology solutions

· Early exploration of joint solution for TB screening in India, Africa and South-East Asia

 

London, 14 September 2021: Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the specialist clinical communication company, announces that it has signed a Memorandum of Understanding ("MoU") with Qure.ai, an AI solution provider developing decision support tools for medical imaging professionals.

 

Pursuant to the agreement, Qure.ai and Feedback will explore the use of Bleepa as a digital infrastructure partner to access X-rays and other medical imaging studies from multiple care settings, for processing by Qure.ai's AI algorithms, and as a vehicle for presenting the report generated back to clinicians. Bleepa will enable truly on-the-go access to the Qure.ai product suite through a clinician's own mobile devices, facilitating access to AI interpreted patient imaging from any location on any internet-connected device in under a few minutes.

 

Qure.ai uses artificial intelligence to make healthcare more accessible and affordable and has a number of products addressing multiple clinical areas. Qure.ai's qXR technology is capable of automated chest X-ray interpretation to help radiologists read X-rays in a faster and more accurate way. It can detect about 30 different abnormal findings on a chest X-ray, including screening of tuberculosis, lung nodules and quantify the progression of lung infection in various conditions such as Covid-19. Qure.ai additionally has AI tools like the qER relating to cross-sectional imaging which interprets head CT scans for triaging and early diagnosis of stroke and traumatic brain injuries.

 

The partnership will evaluate product opportunities in multiple care settings both in India and the UK. An initial focus for the partnership is to support the delivery of TB screening to rural populations within India which rely on chest X-ray images for diagnosis. Currently, in rural settings it is difficult to get X-rays formally reported by a radiologist because there is no digital infrastructure to enable image sharing. Bleepa can facilitate the upload of the X-ray or in-field images for Qure.ai's technology to assess on the spot. It can also display the AI-generated report to clinicians, enabling treatment to be given immediately and within the same appointment, even in rural settings. This combined solution will enable the TB screening programme to expand across disparate locations in India.

 

Qure.ai has deployments across 45+ countries and processes more than 15,000 scans daily. Qure's qXR is CE marked and the World Health Organisation has endorsed it for TB screening and triage as an alternate of human readers.

 

The companies are also actively looking at opportunities in the UK following Qure.ai's appointment to the NHSx AI Award programme. Given the breadth of capabilities of both products, there are applications for the solutions in multiple care settings.

 

Dr Tom Oakley, CEO of Feedback, said:

 

"We are delighted to be working with Qure.ai; there are multiple large commercial opportunities and this is only the beginning to forging a pathway for a new global regime of diagnostic testing and screening. The combination of Qure.ai's AI reporting capabilities through Bleepa's instant and secure communications platform has the potential to provide timely, efficient and cost-effective care across a number of clinical settings. The companies are particularly excited to be working on screening for TB and to help deliver this to even the remotest of locations. We have the potential here to build true access to healthcare for all in India. Although we are looking at India initially, Qure.ai are a great partner and their technologies hold just as much benefit here in the UK and we are excited to explore a number of opportunities for the technologies within the NHS and UK private market. "

 

Prashant Warier, CEO and co-founder of Qure.ai, said:

 

"We're happy to partner with Feedback to enable remote and secure communications between frontline clinicians and their teams. Together, our solutions help improve coordination and communication to deliver quality diagnosis. Apart from TB, our technology detects 29 other abnormalities on chest X-rays. We plan to expand our offerings to the UK and other parts of the world to improve lung health diagnosis.

 

-Ends-

 

Enquiries:

 

Feedback plc

Tom Oakley, CEO

Lindsay Melvin, CFO

+44 (0)1954 718072

IR@fbk.com

Panmure Gordon (UK) Limited (NOMAD and Broker)

Emma Earl/Freddy Crossley (Corporate Finance)

Rupert Dearden (Corporate Broking)

+44 (0)20 7886 2500

Walbrook PR Ltd

Tel: 020 7933 8780 or feedbackplc@walbrookpr.com

Paul McManus/Nick Rome/Nicholas Johnson

07980 541 893 or 07748 325 236 or 07884 664 686

 

Notes to Editors

 

Feedback plc (AIM: FDBK) is a pioneer of regulated clinical communication products. Its core product, Bleepa, is a revolutionary medical imaging communications app, providing an easy-to-use, high quality tool to enable remote and secure communications between front-line clinicians and teams. Importantly, it is the only CE marked medical imaging communications platform on the NHSx clinical communications tools framework. Bleepa has unparalleled functionality for everyday practice and can be accessed from any internet-connected device, enabling control of patient cases when on the go.

 

Its highly scalable Software as a Service ("SaaS") based revenue model will provide increasing levels of visibility as the Company grows its customer base. With a growing distribution base and technology in place, the focus is on leveraging key relationships in order to drive sales both in the UK and internationally to all forms of care providers. As a fully certified medical device, Bleepa aims to disrupt the medical imaging communications market and, importantly, increase the accuracy and speed of clinical review.

 

About Qure.ai

Qure.ai is a breakthrough Artificial Intelligence (AI) solution provider that is disrupting the radiology 'status quo' by enhancing imaging accuracy and improving health outcomes with the assistance of machine-supported tools. Qure.ai taps deep learning technology to provide automated interpretation of radiology exams like X-rays, CTs and MRI scans for time and resource-strapped medical imaging professionals-enabling faster diagnosis and speed to treatment. Qure.ai is helping to make healthcare more accessible and affordable to patients worldwide.

 

 

Qure.ai technologies have received both FDA clearance and CE marking.

 

About TB:

TB is an ancient disease that has affected mankind for more than 4,000 years. It is a chronic disease caused by the bacillus Mycobacterium tuberculosis and spreads from person to person through air. TB usually affects the lungs, but it can also affect other parts of the body, such as brain, intestines, kidneys, or the spine. TB remains a leading cause of morbidity and mortality in developing countries, accounting for 7% of all deaths. It is the first infectious disease declared by the World Health Organization (WHO) as a global health emergency and in 2007, it was estimated globally that there were 9.27 million incident cases of TB, 13.7 million prevalent cases.1

 

TB is major issue in countries across the world. It is hampered by the fact that most radiology departments and specialists tend to be based in cities, but it is a disease recognised for impacting the poorest sections in the community, often in remote locations1. In India alone, there were 2.64 million new cases of TB and 450,000 deaths in 2019, accounting for more than quarter of global cases and deaths2.

 

1. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2980871/

2. https://gh.bmj.com/content/5/11/e003979

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSFEFMDEFSEIU
Date   Source Headline
3rd May 20117:00 amRNSChange of Adviser
25th Feb 20114:04 pmRNSDirector/PDMR Shareholding
22nd Feb 20118:00 amRNSHalf Yearly Report
18th Feb 20114:16 pmRNSDirectorate Change
11th Feb 201111:58 amRNSDirectorate Change
29th Nov 201010:08 amRNSDirector/PDMR Shareholding
29th Oct 20107:00 amRNSFinal Results
29th Apr 20107:00 amRNSDirector/PDMR Shareholding
28th Apr 20107:00 amRNSDirector/PDMR Shareholding
24th Feb 20107:00 amRNSInterim Results
30th Oct 200911:30 amRNSFinal Results
12th Aug 20097:00 amRNSDirectorate Change
17th Feb 20097:00 amRNSHalf Yearly Report
8th Dec 20084:42 pmRNSDirectorate Change
19th Nov 20087:00 amRNSDirector/PDMR Shareholding
23rd Oct 20087:00 amRNSDirector/PDMR Shareholding
15th Oct 20084:59 pmRNSDirector/PDMR Shareholding
9th Oct 20087:00 amRNSFinal Results
2nd Jun 200812:37 pmRNSHolding(s) in Company
30th May 20085:38 pmRNSTotal Voting Rights
21st May 200811:45 amRNSResult of EGM
24th Apr 20087:55 amRNSProperty Purchase
4th Apr 20087:01 amRNSDirectorate Change
26th Mar 200810:06 amRNSDirectorate Change
28th Feb 20088:06 amRNSInterim Results
11th Feb 20089:21 amRNSUpdate on CVA
10th Jan 20087:00 amRNSDirectorate Change
10th Dec 20075:23 pmRNSCapital Reorganisation
10th Dec 20074:00 pmRNSCapital Reorganisation
13th Nov 20077:00 amRNSDirectorate Change
26th Oct 20073:45 pmRNSDirector/PDMR Shareholding
25th Oct 20071:13 pmRNSOffer Talks Terminated
17th Oct 20071:39 pmRNSStatement re Possible Offer
27th Sep 20077:01 amRNSFinal Results
16th Aug 20079:02 amRNSAIM Rule 26 Information
31st Jul 20073:45 pmRNSTotal Voting Rights
25th Jul 20078:26 amRNSDirectorate Change
20th Jul 20074:41 pmRNSDirector/PDMR Shareholding
18th Jul 20074:07 pmRNSHolding(s) in Company
17th Jul 20071:06 pmRNSHolding(s) in Company
9th Jul 20074:30 pmRNSHolding(s) in Company
5th Jul 200710:16 amRNSHolding(s) in Company
2nd Jul 20071:07 pmRNSResult of EGM
5th Jun 20077:02 amRNSIssue of Equity
2nd May 200711:03 amRNSHolding(s) in Company
30th Apr 200712:28 pmRNSTotal Voting Rights
30th Mar 200710:16 amRNSTotal Voting Rights
2nd Mar 20072:31 pmRNSIssue of Equity
7th Feb 20077:01 amRNSUpdate on Property Disposal
21st Dec 200611:29 amRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.