financetom
Business
financetom
/
Business
/
Royal Philips Expands Ibex Partnership to Enhance AI-Powered Cancer Diagnostics
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Royal Philips Expands Ibex Partnership to Enhance AI-Powered Cancer Diagnostics
Mar 24, 2025 9:02 AM

11:39 AM EDT, 03/24/2025 (MT Newswires) -- Royal Philips (PHG) on Monday said it was expanding its partnership with Ibex Medical Analytics, further integrating Ibex's artificial intelligence tools for detecting and diagnosing prostate, breast, and gastric cancer into its IntelliSite Pathology scanners and image management systems.

Philips and Ibex began their partnership in 2021. Philips' IntelliSite Pathology platform received 510(k) clearance from the US Food and Drug Administration in July 2024, while Ibex received 510(k) clearance on Feb. 10 for its Prostate Detect, an in-vitro diagnostic device using AI to generate heatmaps identifying small and often-missed prostatic cancers.

Philips earlier this month also disclosed a collaboration with Amazon ( AMZN ) Web Services to offer cloud archival services for pathology labs, supporting efficient and secure storage and management of digital pathology data.

The company will be demonstrating its Philips IntelliSite Pathology Solution 6.0 at an industry conference now underway and running through Thursday in Boston, it said.

Price: 25.46, Change: -0.03, Percent Change: -0.13

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kimberly-Clark raises annual profit forecast, beats Q2 EPS on higher prices
Kimberly-Clark raises annual profit forecast, beats Q2 EPS on higher prices
Jul 23, 2024
July 23 (Reuters) - Kleenex tissue maker Kimberly-Clark ( KMB ) on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter profit, betting on higher prices and steady demand for its personal care products. Demand for Kimberly-Clark's ( KMB ) products including those for skin health and hygiene held steady, as consumers grappling with rising...
GM puts self-driving vehicle without steering wheel on hold
GM puts self-driving vehicle without steering wheel on hold
Jul 23, 2024
July 23 (Reuters) - General Motors' ( GM ) Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt rather than its planned futuristic Origin vehicle that would not have a steering wheel or other human controls, the automaker said. In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy...
GM beats second-quarter expectations, raises forecast again
GM beats second-quarter expectations, raises forecast again
Jul 23, 2024
DETROIT, July 23 (Reuters) - General Motors ( GM ) reported second-quarter profit and revenue on Tuesday that beat Wall Street's expectations, and raised its annual profit forecast for a second time this year, buoyed by strong pricing and demand for gas-powered trucks. The Michigan automaker is leaning heavily on its gasoline-engine offerings to fuel its profits through a slower-than-anticipated...
GM beats second-quarter expectations, raises forecast again
GM beats second-quarter expectations, raises forecast again
Jul 23, 2024
DETROIT (Reuters) -General Motors ( GM ) reported second-quarter profit and revenue on Tuesday that beat Wall Street's expectations, and raised its annual profit forecast for a second time this year, buoyed by strong pricing and demand for gas-powered trucks. The Michigan automaker is leaning heavily on its gasoline-engine offerings to fuel its profits through a slower-than-anticipated transition to electric...
Copyright 2023-2025 - www.financetom.com All Rights Reserved