iCAD, Inc. ("iCAD") (NASDAQ:ICAD), an industry-leading provider of advanced image analysis, workflow solutions and radiation therapy solutions for the early identification and treatment of cancer, today announced that it intends to offer 2,000,000 shares of its common stock in a firm commitment underwritten public offering, subject to market and other conditions. In addition, iCAD intends to grant the underwriter a 30-day option to purchase up to 300,000 additional shares of common stock to cover over-allotments, if any.
iCAD is a provider of image analysis, workflow solutions and radiation therapy for the early identification and treatment of cancer. Co. is a provider of Computer-Aided Detection (CAD) solutions for mammography. Co. provides a range of products for use with mammography, including digital radiography, computed radiography and film-based mammography. These solutions enable radiologists to identify pathologies and pinpoint cancers. Co. has the following products: Electronic Brachytherapy (eBx™) products, which provides eBx™ treatment for breast cancer; Digital and Magnetic Resonance Imaging CAD products; as well as film based products for converting mammography films to digital images .
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