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Expert Collections containing Oncotech
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Oncotech is included in 2 Expert Collections, including Health Monitoring & Diagnostics.
Health Monitoring & Diagnostics
Companies offering smartphone-based health monitoring & diagnostic solutions (using native components of the smartphone, e.g. camera, microphone, accelerometer, gyroscope, etc.). Companies tagged as #SmartphoneBasedDiagnostics
Latest Oncotech News
Oct 19, 2022
News provided by Share this article Share this article LONDON, Oct. 19, 2022 /PRNewswire/ -- Medical technology innovator Oncotech Nordic AB has been awarded CE marking for the mobile health screening app, Ophtascan™, which is currently being trialled by doctors and patients in Central Africa, where there is huge demand for cancer screening and diagnosis. The new screening app is being used by Sigma Africa clinicians in the Central African Republic, Democratic Republic of Congo, Liberia and Tanzania. The Ophtascan™ app is used by clinicians from Sigma Africa in four countries. The Ophtascan™ mobile phone app works by a clinician taking a high resolution photographic image of the patient's eyes, which is then analysed by Oncotech Nordic AB, making use of thousands of data sets. The test is non-invasive, quick and requires minimal equipment, meaning that testing can take place in remote locations, far away from hospitals. Developed since 2014 by Oncotech Nordic AB , Ophtascan™ is a mobile in-real-time detection system of pre-cancerous and all four levels of cancer conditions and targeted oncological diseases. Clinicians can use their own smartphone devices, then photograph the iris of their patient, and upload the image to the Oncotech server. The Oncotech AI diagnostic and deep learning system then sends the results back to the clinician within just 25 seconds. Andre Rafnsson, CEO of Oncotech said, "We are delighted to be partnering with the UK charity MedAid, which provides essential healthcare to the underprivileged in remote villages in Africa. The charity has been operating for over 20 years, providing high quality, healthcare infrastructure and services, significantly improving the lives of those living in many communities across Africa." Simon Henry Opio-Emuna, CEO at MedAid added, "As we aim to improve health outcomes in Africa, we are excited to be working with Oncotech, who've provided us with training support on how to use the app. It's set to be a game-changer because it offers remote medical diagnosis at a very low cost per use, presenting excellent value to clinicians. It's easy to screen large numbers of patients and the test only takes a matter of seconds. Conditions currently clinically validated and screened include lung cancer, cervical cancer, breast cancer, uterine cancer and prostate cancer." Dr. John Paul Kaswija, a medical practitioner for Sigma Africa, a division of MedAid said, "Cancer survival rates are determined by a number of factors, and early detection is one of the most significant determinants. The diagnosis of cancer and type 2 diabetes can often be difficult because current healthcare systems require visits to hospitals, which is impractical for people in remote locations. In addition, most patients seek medical care when the disease is already advanced. The innovative Ophtascan™ app allows clinicians with a smartphone to quickly and precisely screen patients for pre-cancerous conditions, in real-time. A bonus is that it does not unnecessarily overload the public health care diagnostic system, hence eliminating patient cancer screening waiting lists." With its base of operations in both Sweden and the United Kingdom, Oncotech has been established by Andre Rafnsson, alongside a management team consisting of CTO Marat Kalimulov, CSO Professor Shamil Gantzev and COO Rustem Amirov. The roots of the Ophtascan™ proof of concept technology can be traced back to post-war research and rests on ancient technology. Until recently, technology was not sophisticated enough to realise the system's full potential. In 2014, Kalimulov and Professor Gantzev relaunched the initiative by incorporating IT and AI, giving fresh impetus to the possibilities offered by an examination of the eye. In 2022, final validation of Ophtascan™ was completed, following tests on 13,500 oncology patients over a three-year period. The scanning precision success rate was over 95 per cent, and last year reached a 97 per cent precision scanning rate, as additional patients were tested and data is validated on a daily basis. Andre Rafnsson concluded, "MedAid is the first of what will be several telemedicine and remote health diagnostic business partners in Africa, Europe, North America and Asia with the ultimate aim being to license the Ophtascan™ technology. In addition, new research is underway for Ophtascan™ tests that will examine the early warning signs for type 2 diabetes, a condition with rates that are seen as a 'ticking healthcare time-bomb'."
Oncotech Frequently Asked Questions (FAQ)
When was Oncotech founded?
Oncotech was founded in 1985.
Where is Oncotech's headquarters?
Oncotech's headquarters is located at 15501 Red Hill Avenue, Tustin.
What is Oncotech's latest funding round?
Oncotech's latest funding round is Acquired.
How much did Oncotech raise?
Oncotech raised a total of $700K.
Who are the investors of Oncotech?
Investors of Oncotech include Exiqon A/S and MedVenture Associates.
Who are Oncotech's competitors?
Competitors of Oncotech include Brain Tunnelgenix Technologies, CyrusOne, TruTouch Technologies, Clarient, eCardio Diagnostics and 11 more.
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