Premier center becomes first in the region to offer intraoperative radiation
therapy with the leading-edge Xoft System to advance quality patient care in
New York State


NASHUA, N.H. and Syracuse, N.Y., (October 9, 2018) – iCAD,
Inc. (NASDAQ: ICAD), a global medical technology leader
providing innovative cancer detection and therapy solutions, today announced
that its Xoft® Axxent®
Electronic Brachytherapy (eBx®) System®
is now
available at Upstate Medical University. Affiliated with the State University
of New York, Upstate Cancer Center is the first facility in central New York
State to
offer treatment of early-stage breast cancer using
intraoperative radiation therapy (IORT) with the advanced Xoft System. The
hospital is the only academic medical center in the area and serves 1.8 million


“We are pleased to be the first
facility in central New York to use this technology and offer this breakthrough
treatment to our patients,” said Lisa Lai, MD, Director of the Breast Cancer
Program at the Upstate Cancer Center. “With the adoption of this system, the
Upstate Cancer Center now offers a valuable treatment option that significantly
benefits early-stage breast cancer patients by providing shorter treatment
times, fewer side effects, reduced costs and improved quality of life.”


The Xoft
System uses a miniaturized X-ray source to deliver one precise, concentrated
dose of radiation to a tumor site at the time of breast-conserving surgery
(lumpectomy). The treatment can be completed in as little as eight minutes,
making it possible for appropriately selected patients to replace six to eight
weeks of traditional radiation therapy with a single treatment.
The Xoft System is cleared by the U.S. Food and Drug
Administration (FDA), CE marked, and licensed in a growing number of countries
for the treatment of cancer anywhere in the body, including early-stage breast
cancer, non-melanoma skin cancer, and gynecological cancers. It has been used to
successfully treat more than 15,000 patients worldwide.


facilities around the world are increasingly adopting the Xoft System,
recognizing the unique benefits this state-of-the-art technology offers to both
patients and clinicians in the fight against cancer,” said Ken Ferry, CEO of
iCAD. “New York is one of the states with the highest breast cancer incidence
rates, with approximately
15,000 New Yorkers being diagnosed annually. We are pleased to join with SUNY
Upstate Medical University to provide unprecedented access to this important
treatment option to patients in New York State.”


A recent study established that IORT with the Xoft System
is clinically proven to be the preferred method of treatment for early-stage
breast cancer as compared to external beam radiation therapy due to significant
cost savings, reduced radiation exposure and improved quality of life. The
research demonstrated a direct cost savings of $630 million annually for the
U.S. healthcare system and $10,500 per breast cancer patient annually over the
lifetime of a patient.


The new
IORT treatment solution with the Xoft System is available at the Upstate Cancer
Center at SUNY Upstate Medical University. Patients interested in learning more
about IORT can call 1-855-964-HOPE (4673) to schedule an appointment.


About iCAD, Inc.


Headquartered in Nashua, NH, iCAD is a global
medical technology leader providing innovative cancer detection and therapy
solutions. For more information, visit


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Media Inquiries:

ARPR, on behalf of iCAD, Inc.

Paul Barren, (855) 300-8209


SUNY Upstate Medical University:

Darryl Geddes, (315) 464-4828


Investor Relations:

LifeSci Advisors, on behalf of iCAD, Inc.

Jeremy Feffer, (212) 915-2568