MORRISVILLE, NC – Diagnosoft Inc., a company focused on magnetic resonance image analysis software for diagnosis and monitoring of cardiovascular disease, has closed a $4 million financing led by the Technology Development Fund of Cairo, Egypt.
The company also says its board has appointed Firas BenAchour president and CEO of Diagnosoft.
The company plans to used the new funding to expand its market for existing products and develop other MR image analysis technologies.
It says its image analysis technologies are designed to increase physician productivity and accuracy, improve patient outcomes, and enhance research and drug development advances.
“When cardiologists and radiologists can make a decision about the condition of a patient’s heart based on quantitative data obtained from cardiac MRI analysis, rather than just ‘eyeballing’ images,” said Diagnosoft Co-Founder Dr. Matthias Stuber, “they can come to a faster conclusion that’s substantiated, not subjective.
“When diagnosis and treatment is supported by the numerical data our software provides, it’s stronger from a legal standpoint as well.”
Dr. Jerry Prince, Diagnosoft co-founder and colleague of Dr. Stuber at Johns Hopkins University, said, “There are many techniques for analyzing the left ventricle of the heart — ECHO, nuclear medicine, CT, and so — but we are focused on the emerging technology of MRI for the cardiac market.
“We are kind of a one-stop shop for innovative analysis of the four magnetic resonance imaging techniques. Diagnosoft is the only company directly looking at function, to see if the heart muscle is contracting properly.”
Dr. Stuber added that “As cardiovascular medicine grows, it is moving away from being purely reactive — in other words, once you have an infarct, you start treating it. I believe people with certain known risk factors will undergo cardiovascular testing earlier.”
If so, quantitative analysis of heart motion will be a crucial factor in being more proactive, he says.
New CEO BenAchour said, “Since joining Diagnosoft, my principal focus has been to establish our growth strategy for the benefit of our clients, employees and investors.
“We are currently focusing on organizing our client services efforts, establishing our sales and business development processes, solidifying our brand and continuing to make improvement to the quality, usability and reliability of our software solutions.”
Diagnosoft is based in Morrisville, NC and Palo Alto, California.
Online: www.diagnosoft.com
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