ContextVision’s second quarter sees multiple product releases including digital pathology debut

STOCKHOLM – Aug 13, 2020 – ContextVision, a medical technology software company specializing in image analysis and artificial intelligence, today reports a progressive second quarter. INIFY Prostate Screening – the company’s first decision support tool in a planned digital pathology portfolio – was granted CE-mark status, paving the way for a strong entry into the fast-growing digital pathology market. In addition, the company continues to spearhead the image enhancement market with its new next-generation ultrasound product, Rivent.

“It’s been a very progressive quarter with multiple product releases. Our market entry in digital pathology with INIFY Prostate Screening is a real milestone. Now, we are focusing on installations at key reference centers to broaden the use of INIFY in the clinical workflow, while continuing R&D work on a portfolio targeting those cancer types that cause the heaviest burden on pathology labs around the world. Additionally, we are strengthening the organization with key people who will be instrumental in developing the company further,” says Fredrik Palm, CEO of ContextVision.

One of these key people is Magnus Aurell, who was appointed VP of Digital Pathology in May.

“Magnus Aurell has over 25 years of experience from senior management positions in technology companies in the medical field. He will play an essential role in developing our pathology business unit, and will also be a key member of the management team,” says Palm. 

ContextVision also strengthened its board of directors in the second quarter. Martin Ingvar, Professor in Integrative Medicine at Karolinska Institutet and founding member of ICHOM, was elected member of the board at the annual general meeting in May.

“Dr. Ingvar brings a unique mix of clinical experience and a strong vision for how healthcare services may be delivered in the future, in an increasingly digital clinical setting,” says Erik Danielsen, Chairman of the board.

Digital Pathology
ContextVision saw the release of its first digital pathology product, INIFY Prostate Screening. The predicting engine in the product is built on deep learning algorithms and offers top accuracy on a pixel level. It is trained on data generated with our patented MasterAnnotation method and verified by top pathologists. The product will allow pathologists to focus their time on specimens with suspicious cancer and minimize time spent on benign tissue.