iCAD Inc. (NASDAQ: ICAD) is a medical-device manufacturer. Headquartered in Nashua, New Hampshire, iCAD offers computer aided detection (CAD) to support detection of breast, prostate and colorectal cancers. The iCAD technology platforms also include hardware and software for radiation therapy treatment. iCAD was founded in 1984 as Howtek, Inc. Howtek developed, manufactured and marketed digitizing systems or scanners. The scanners converted printed, photographic and other hard copy images to digital form for use in the graphic arts, photo finishing and medical industries. From 1984 to 2000 Howtek successfully developed a series of products that improved the quality of digital imaging while reducing the price and complexity of digitizing systems. In 2001, foreseeing a decline in the graphic arts and photo finishing industries, Howtek elected to focus solely on the medical imaging market. The company acquired Intelligent Systems Software, Inc. (ISSI) which had developed an approved computer-aided detection system for breast cancer. Subsequently, the company acquired Qualia Computing, Inc. of Ohio and its subsidiary, CADx Systems, Inc. These acquisitions brought together two of the three companies with FDA clearance to market CAD solutions for breast cancer in the United States. More information...
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