albion capital mirada optellum collaboration

Mirada Medical and Optellum announce collaboration to accelerate Deep Learning based lung cancer diagnosis products

Optellum (Oxford, UK), a high-tech startup in lung cancer and machine learning and Mirada Medical, an established leader in scientifically advanced quantitative imaging software, are announcing a partnership to accelerate the deployment of deep learning technology to market.  This unique collaboration combines the deep technology and clinical expertise of Optellum with the software platforms and rapid development know-how of Mirada.  They have partnered to address a huge and growing problem in lung cancer diagnosis: the management of patients with indeterminate pulmonary nodules.

Early detection of lung cancer by a chest Computed Tomography (CT) scan can dramatically improve survival rates. Millions of chest CT scans are performed for a variety of reasons ranging from screening for lung cancer to scanning for suspected cardiac disease or even following trauma. Such scans frequently identify pulmonary nodules, small opacities in the lung. Up to 30% of all patients scanned have such small nodules, but the vast majority are harmless. Unfortunately, radiologists frequently struggle to determine if a nodule is cancerous, leading to an indeterminate diagnosis which requires up to two-year follow-up imaging to monitor growth. Moreover, additional biopsies and surgeries are often performed to investigate nodules that ultimately turn out to be benign. Millions of such unnecessary follow-up scans and procedures increase patient anxiety, carry a risk of complications and present a huge and growing burden on healthcare system resources. 

The collaboration has developed the world’s first imaging Artificial Intelligence (AI) based decision support software to improve patient management and reduce unnecessary follow-up procedures. The software provides expert-level decision support that can improve a doctor’s ability to correctly diagnose lung nodules. The software, utilising state-of-the-art deep learning, provides an objective risk score of nodule malignancy learned from a database of tens of thousands of CTs with known ground-truth diagnoses.  The output enables clinicians to confidently stratify lung nodule patients earlier, potentially on the basis of only one or two scans.