Cercare Medical receives a €1,8 million EU grant to continue development of its stroke imaging analysis solution for CT and MRI
Aarhus, Denmark (May 2, 2019) – Cercare Medical has been awarded €1,831,375 for a Phase 2 grant from the European Innovation Council’s SME Instrument. The grant will help finance innovation activities, including demonstration, testing, piloting and scaling up. The grant includes coaching and business acceleration services as well. For the iTrust project (In-time TReatment of acUte ischaemic STroke), Cercare Medical will be furthering its advanced artificial intelligence (AI)-powered CT and MR imaging analysis software, Cercare Medical Neurosuite, to ensure timely treatment of acute stroke.
Analyzing and treating acute ischemic stroke is time-consuming and best done by a stroke specialist. In the emergency setting, physicians must consider imaging, clinical presentation, and electronic health record data, when deciding on diagnosis and possible intervention. The decision largely rests on the expert radiologist to predict the potential outcome of different treatments for each patient, which is a difficult task given the heterogeneity of acute ischemic stroke progression.
Cercare Medical Neurosuite (CMN) is a groundbreaking CT and MR imaging analysis solution. Its goal is to help healthcare professionals improve the decision-making process in acute ischemic stroke situations. Powered by machine learning, CMN allows clinicians to obtain quantitative and qualitative information based on previous patient cases.
An overview of Cercare Medical Neurosuite can be downloaded here.
The € 1,8 million EU grant provides the resources to further advance CMN. “Our aim is to significantly improve the precision of stroke outcome prediction for different treatment scenarios for each individual patient,” said Cercare Medical Chief Scientific Officer and Co-Founder Mikkel Bo Hansen. “The importance of such information is hard to underestimate. Knowing how different treatments will affect your stroke patients, can help you choose the treatment option with the highest possibility for a positive outcome almost every time. The effect it will have on stroke analysis and treatment is enormous.”
The value added for Cercare Medical by the highly competitive EU SME phase 2 grant is substantial. The amount in itself enables Cercare Medical to add additional resources to product development and grow faster. However, the most valuable benefit is the tight connections to clinical key opinion leader sites that will be established. This forms an integral part of the project and enables access to some of the best stroke physicians in the world, while at the same time expanding the clinical research patient database substantially.
The EU grant was awarded on a highly competitive basis. Only 68 companies received a grant, out of 1,848 proposals. This is Cercare Medical’s third grant award under the EU framework. “It takes time and resources to apply for big grants such as this one,” said Hansen. “However, they can provide needed financial resources, which is important for smaller companies with highly innovative products that require significant funding.” Cercare Medical will use the funding to grow the company in the number of employees and the number of solutions provided. “Our aim is to make state-of-the-art decision support systems available for hospitals and physicians, to accelerate and optimize clinical decision-making.”
About Cercare Medical
Cercare Medical is a software company founded in 2013 as a spinout of the CFIN/MINDlab center at Aarhus University Hospital. It builds on 20 years of research by Professor Leif Østergaard and Professor Kim Mouridsen, aiming at accelerating clinical routines by implementing the latest technologies based on scientific research. Cercare Medical continues to have strong ties to both the center and Aarhus University Hospital.
Cercare Medical has developed and patented several innovative technologies that provide rapid and reliable biomarker analysis and decision support based on a wide range of MR and CT data input. The current CE-approved product portfolio consists of modules for the automated assessment of brain capillary function in a wide range of neurological diseases as well as decision support in acute ischemic stroke.
In 2018 Cercare Medical partnered up with Siemens Healthineers to launch its state-of-the-art AI-based decision support and perfusion imaging solution – Cercare Medical Neurosuite – on syngo.via OpenApps.
If you would like to know more about our company and research, contact us here.
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