GE Healthcare Secures FDA Clearance for Alzheimer’s Imaging Software
GE Healthcare announced that it had gained FDA 510(k) clearance for a new Alzheimer's disease diagnostic tool. Mim software from GE Healthcare now uses a centiloid scale to quantify brain amyloid plaque density, resulting in improved accuracy. This breakthrough in Alzheimer's diagnosis has the potential to impact clinical practice and business opportunities in the developing therapy industry.
PET scans aid in diagnosis by detecting the density of brain amyloid plaques. Amyloid plaques and protein clusters strongly link to memory loss in Alzheimer's patients. GE Healthcare wants to standardise amyloid imaging measurement in Mim software using the centiloid scale. According to GE Healthcare, the centiloid scale ranges from zero to 100, with zero being the average result from 'high-certainty' individuals who test negative for amyloid and 100 signifying typical Alzheimer's patients.
Eisai and Eli Lilly employ the 2015 Centiloid scale to explore Alzheimer's therapies. The centiloid scale standardizes amyloid imaging, ensuring consistent PET scan interpretation, which is critical when testing new Alzheimer's medications.
PET scan-based Alzheimer's treatments are in high demand as new amyloid plaque-targeting drugs receive licenses. The Centres for Medicare and Medicaid Services (CMS) will expand the availability of Alzheimer's PET scans in 2023, thereby removing a crucial diagnostic hurdle. New Alzheimer's medications will undoubtedly lead to a rise in the prevalence of precision diagnostic technologies like GE Healthcare's centiloid-enabled Mim software.
This is a big opportunity for GE Healthcare. This vendor-neutral program supports PET tracers from GE Healthcare, Eli Lilly, and Life Molecular Imaging, such as Vizamyl, Amyvid, and Neuraceq. "Mimneuro provides GE Healthcare with further exposure to the Alzheimer's growth opportunity," the company said, adding that it will generate revenue even if clinicians use alternative PET equipment.
The FDA's approval of centiloid-enabled Mim software positions GE Healthcare at the vanguard of Alzheimer's diagnosis and treatment, a rapidly expanding market. Alzheimer's disease, the most common type of dementia, affects millions of people worldwide and is becoming more prevalent as populations age. According to the Alzheimer's Association, around 14 million Americans may suffer from Alzheimer's disease by 2050.
Innovative Alzheimer's medicines from Eisai and Eli Lilly are ready for rapid expansion. Companies that can improve diagnosis, such as GE Healthcare, stand to benefit greatly from this growth. More PET scans for Alzheimer's diagnosis and treatment evaluation will necessitate standardized, precise software, such as Mimneuro.
The centiloid scale broadens GE Healthcare's neuroimaging diagnostic offering. As the Alzheimer's diagnostics and therapies business expands, Mimneuro's vendor-neutral capabilities give GE Healthcare a competitive advantage by allowing it to access additional PET products and treatment plans from a variety of healthcare providers.
In addition to PET tracers, GE Healthcare's Mimneuro software serves other purposes. GE Healthcare ensures a continuous revenue stream by supporting tracers from numerous companies, including competitors, even when using different PET devices. This vendor-neutral methodology ensures that GE remains a key Alzheimer's diagnostics player, regardless of tracer market preferences.
Although GE Healthcare's Vizamyl tracer earns "few million dollars" in revenue, it is expected to grow as Alzheimer's medications gain popularity. According to GE Healthcare CFO James Saccaro, more doctors utilizing amyloid-targeting medicines would increase demand for PET scans and amyloid imaging software such as Mimneuro, resulting in higher sales. GE Healthcare may improve its market position by providing healthcare providers with an integrated imaging software and PET scanner solution.
The FDA approval enables GE Healthcare to expand internationally. Advanced diagnostic tools, such as centiloid-enabled Mim software, may gain popularity as global demand for Alzheimer's medicines develops, particularly among the elderly. GE Healthcare increases revenue while strengthening its global healthcare technology leadership.
GE Healthcare's Alzheimer's diagnosis function is consistent with the precision medicine trend. The company improves patient outcomes by providing experts with tools for more accurate and consistent diagnosis, thereby benefiting both healthcare practitioners and patients in the long run.
The FDA clearance of GE Healthcare's centiloid-enabled Mim software increases Alzheimer's diagnosis while also creating a significant income opportunity in the growing business. GE Healthcare can benefit from the convergence of diagnostic and therapeutic developments as demand for standardised amyloid imaging rises and novel Alzheimer's treatments emerge. By providing a vendor-neutral, standardised diagnostic tool, the charity hopes to increase revenue while also improving Alzheimer's care.