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Malcolm Stacey of ShareProphets – Feedback PLC, Don’t You Hate the Small Profit-Takers?
Hello Share Bunnies. There was some interesting share movements after all the good news came out for Feedback (FDBK), the minnow capitalised at a mere £5 million.
– See more at: http://www.shareprophets.com/views/15556/don-t-you-hate-the-small-profit-takers-ref-feedback#sthash.oBmJQaPC.dpuf
Feedback PLC – NHS England “Alert” on potential application of TexRAD for assessing lung cancer patients
Feedback plc is pleased to announce that the research arm of NHS England has published an “Alert” on the potential application of Feedback’s TexRAD CT texture analysis software for assessing patients with lung cancer. The National Institute for Health Research through its Horizon Scanning Research and Intelligence Centre (NIHR HSRIC) based at the University of Birmingham, England has also posted the Alert on its publicly accessible website. (www.hsric.nihr.ac.uk)
NIHR HSRIC is an academic unit which independently investigates and provides advanced notice of new and emerging medical devices and diagnostics that have the potential to positively impact upon the NHS within the next two years. Before writing the Alert, NIHR HSRIC looked at TexRAD CT texture analysis technology and its potential use for assessing patients with different cancers but particularly for those with lung cancer. The Alert will be distributed within the NHS and to national healthcare organisations and policy makers such as the National Institute for Health and Care Excellence (NICE) and the UK National Screening Committee.
Dr. Balaji Ganeshan, Chief Scientist & New Business Officer of the Company’s subsidiaries TexRAD Ltd & Cambridge Computed Imaging Ltd commented: “The Alert from the NHS’s research arm is a significant step towards potentially obtaining NICE approval for TexRAD to be used as a clinical tool for assessing patients with lung cancer. This adds to the recently announced clinical adoption study focused on lung cancer being undertaken by Professor Ken Miles at the Princess Alexandra Hospital, Brisbane, Australia. “
For further information contact:
Feedback plc |
Tel: 01954 718072 |
Simon Barrell / Trevor Brown / Tom Charlton |
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Sanlam Securities UK (Nominated Adviser and Joint Broker) |
Tel: 020 7628 2200 |
Simon Clements / Virginia Bull |
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Peterhouse Corporate Finance Ltd(Joint Broker) |
Tel: 020 7469 0936 |
Lucy Williams / Duncan Vasey |
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Notes to editors:
TexRAD is a novel sophisticated imaging risk stratification research tool that analyses the textures in existing radiological scans. This research software application analyses textures, detecting and measuring tumour heterogeneity (complexity) from these images, revealing more information from medical images than is readily visible to the naked eye. Research to date has shown that TexRAD could potentially assist the clinician (as an ‘Imaging-Biomarker’) in confident decision-making: it has the potential to assess the prognosis, disease-severity (e.g. risk of metastases) and response evaluation of patients with cancer. Currently TexRAD research has shown great potential in many different oncological sites, including, colorectal, breast, lung, prostate, oesophageal, head & neck, lymphoma, liver and renal cancers and could potentially be employed as a heterogeneity assessing tool in the era of ‘Precision and Personalized Medicine’. TexRAD is manufactured under licence by company Cambridge Computed Imaging Ltd, a subsidiary of Feedback plc. More information is available on www.fbk.com and www.texrad.com.
Health Service Journal – Only together can we beat cancer
Collaboration between public and private organisations is vital if the NHS is to win the war on cancer, says Sanjeev Pandya, CEO of Advanced Oncotherapy (AVO).
The government’s latest strategy to improve cancer treatment in the UK is welcome, but extra funding alone is not the answer. Greater collaboration is the key to winning the war.
UK cancer survival rates have doubled over the past five decades. For the first time, those developing cancer stand more of a chance of surviving for 10 years or more than they do of getting the disease in the first place.
‘Cancer survival rates in the UK lag behind those achieved by many of our European cousins by more than two decades’
Despite this, cancer survival rates in the UK lag behind those achieved by many of our European cousins by more than two decades. The fight to close this gap, while continuing to improve patient outcomes, is one of the most profound facing our health service.
Future challenges
The problem is compounded by challenges on the road ahead. A growing population of older people, combined with improving patient outcomes for other conditions, mean there is greater demand for NHS oncology resources and palliative care.
Another issue is presented by the future of cancer treatment itself. Advances in medical technology and an increasingly sophisticated understanding of genetics is leading to a greater shift towards personalised medicine. Although highly effective, these treatments escalate per patient costs significantly.
All of these factors conspire to make the NHS’s war on cancer increasingly complex and challenging. They also serve to put a heightened strain on already limited budgetary resources.
Full article here
Health Service Procurement Is a Mess – the Military Has Answers – Huffington Post
Health Service Procurement Is a Mess – the Military Has Answers – Huffington Post
Sanjeev Pandya
Chief Executive of Advanced Oncotherapy
Despite reform, the NHS’ procurement process still delivers poor value for money, stifles medical innovation and prevents new entrants to the market. It’s time to look to the military for solutions.
In 2002, the then Labour Health Secretary, Alan Milburn, announced plans for the establishment of Foundation Trusts. Seen as a radical shake up of the health service, by granting increased autonomy to local Trusts, Foundation status was seen as a mechanism to introduce much needed competition between hospitals. In turn, it was determined this competition would drive up clinical standards and curb wasteful spending, while also improving the managerial oversight of the health service as a whole. This internal ‘synthetic’ market was designed to incorporate the strengths of private healthcare provision, while retaining state control..
While Foundation Trusts have undoubtedly been successful in improving patient care and curbing wasteful spending in some areas, the system has also brought with it inherent disadvantages. One example of this is the procurement of high value medical equipment..
The news of the Health Department’s investment has already been superseded by developments in the private sector. In January it was announced that a pioneering private sector deal would see the delivery of a technically superior, more compact and lower cost proton therapy facility in the heart of London’s Harley Street. The next generation facility is set to come on stream a full year earlier than either of the two NHS centres..
Full article here