GENERAL ELECTRIC COMPANY

(GE)
  Report
Delayed Nyse  -  04:00 2022-07-06 pm EDT
61.57 USD   -0.74%
07:27aGE Power Conversion unveils cyber-secured MV7000 drive remote monitoring for L&T-MHI Power Turbine Generators at Hazira, Surat, India
AQ
03:44aGENERAL ELECTRIC : GE Power Conversion unveils cyber-secured MV7000 drive remote monitoring for L&T-MHI Power Turbine Generators at…
PU
03:38aGE Announces H-Class Turnkey Combined Cycle Power Plant Order for Energa's Ostroleka Power Plant in Poland Supporting Decarbonization Targets
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

A Bold New World: GE Healthcare's Pioneering Deep Learning Image Reconstruction Technology Benefits More Than 2 Million Patients Globally

05/06/2022 | 10:13am EDT

Chicago & Chalfont St Giles, UK -- At the International Society for Magnetic Resonance in Medicine (ISMRM) 2022 Annual Meeting, GE Healthcare boasts the continued expansion of its pioneering deep learning image reconstruction solution, AIR Recon DL, to its tens of thousands of install base customers as an upgrade as well as with new purchases across its MR product portfolio. This marks a significant moment in the democratization of artificial intelligence (AI) and deep learning for the benefit of healthcare systems and patients around the world.

Imaging more than 200 million patients in 2021[i], MR plays an increasingly important role in precision diagnostics, helping clinicians detect neurodegenerative diseases, cancer, heart conditions, and other diseases large and small. However, discrepancies in access to certain MR advancements can have a significant impact on the availability and quality of care clinicians can deliver to patients.

"Since we first saw the power of our AI-based deep learning image reconstruction technology, AIR Recon DL, we knew it could have a massive clinical impact. So, we went all in..." says Jie Xue, President & CEO, Magnetic Resonance, GE Healthcare. "We developed it for all anatomies; we made it work on all field strengths - 1.5T, 3.0T and 7.0T - and most importantly, we made it available not only on our latest scanner models, but also on all our installed GE MR scanners dating back 20+ years. From first time MR users to experienced MR researchers, we want every GE MR customer - regardless of their scanner's age - to benefit from today's groundbreaking AI-based technology."

To date, AIR Recon DL has benefitted more than two million patients around the world, with overwhelmingly positive feedback from clinicians, who celebrate sharper and less noisy images for a more confident patient diagnosis as well as up to a 50% reduction in exam times for a more comfortable patient experience[ii]. To build on this success, GE Healthcare announced the continued expansion of AIR Recon DL, which was developed on GE Healthcare's Edison intelligence platform, to include the motion-insensitive sequence PROPELLER and 3D applications[iii]. With this expansion, AIR Recon DL covers nearly 90 percent of clinical MR sequences, regardless of the anatomy being scanned.

These advancements have proved especially valuable for those who struggle to remain still during MR exams, such as pediatric, neurodegenerative and geriatric patients. Dr. Shreyas Vasanawala, Chief of Pediatric Radiology & Director of MRI, Lucile Packard Children's Hospital at Stanford shares: "Patients don't necessarily know that this feature is being turned on or off. But they wind up just seeing that their appointment has gone quicker, and for a lot of children we're just able to get the scan done before they've reached their limit of cooperation."

In addition to a faster and more comfortable patient experience, AIR Recon DL helps to provide more confident patient diagnosis. Dr. Hollis Potter, Chair of Radiology, Hospital for Special Surgery comments: "There is more detail in the image, especially at a lower matrix. In some conventionally processed MR images, the trabecular bone pattern is poor, the nerves are blurred and there is a lot of noise in the image. With AIR Recon DL, the difference is striking".

AIR Recon DL offers greater efficiency to healthcare systems. The AI-based algorithm has been the subject of more than 12 international, peer-reviewed scientific journal publications covering various anatomies, with conclusions underlining the reliability, efficiency, and utility of deep learning-based enhancement for quantitative imaging across care pathways. Radiology departments today continue to face multiple challenges - including increased workload demands due to a backlog of cases resulting from COVID-19, steadily growing patient volumes, and industry-wide staff shortages and burnout[iv],[v]. As a result, there is clear need for broad access to MR clinical solutions that can reduce time-to-diagnosis, improve patient throughput, and enhance the patient and staff experience.

To this end, GE Healthcare is proud to showcase more than a dozen additional innovative MR solutions at ISMRM to help clinicians tackle today's challenging healthcare demands while also improving access and providing more personalized, quality care. This includes several solutions developed to help provide precision healthcare to even the most challenging patients:

- Prostate Cancer Patients: Prostate cancer is the second most commonly occurring cancer in men and the fourth most common cancer overall[vi]. While traditional prostate imaging exams can be uncomfortably invasive and complex, AIR Coils are lightweight and flexible, closely wrapping around patients, like a blanket, and offering incredible image quality. Combined with AIR Recon DL, AIR Coils push the limits on SNR and sharpness with 50% less scan time while meeting PI-RADS standards for a faster, more comfortable and less invasive patient experience.

- Pregnant Mothers & Children: As an alternative when ionizing radiation is a concern, GE Healthcare offers oZTEo, an MR bone imaging solution that provides CT-like image contrast for both soft tissue assessment and bone imaging within the same exam. This can lessen the burden on the patient to attend two separate imaging modality appointments and may also lead to reduced healthcare costs.

- Neurodegenerative Patients: Individuals with neurodegenerative disorders - such as Alzheimer's, Huntington's or Parkinson's Disease - often struggle to remain still during lengthier exams. In response, GE Healthcare designed its proprietary MotionFree Brain[vii] on its SIGNA PET/MR to provide significant improvement in quantitative accuracy - especially for small brain lesions - and a more comfortable scanning experience for patients.

- Claustrophobic & Obese Patients: For larger sized patients or those who struggle with claustrophobia, GE Healthcare offers SIGNA Evo[viii], which is designed to enable healthcare systems to transform their legacy 3.0T and 1.5T 60 cm narrow bore MR systems to premium, state-of-the-art 3.0T and 1.5T, 70 cm wide bore systems - helping them accommodate more patients of all shapes and sizes. For healthcare systems, this solution also would transform the existing system's magnet, with the goal of enabling 40 percent faster return on investment (ROI) potential over replacing the whole system[ix].

Altogether, GE Healthcare is proud to usher in 'A Bold New World' in MR - one which is focused on the development and increased availability of innovative technologies and solutions to MR users for the benefit of clinicians and patients around the world.

For more information on GE Healthcare's MR portfolio, see gehealthcare.com or visit the company's #ISMRM22 booth or virtual platform.

###

About GE Healthcare:

GE Healthcare is the $17.7 billion healthcare business of GE (NYSE: GE). As a leading global medical technology, pharmaceutical diagnostics and digital solutions innovator, GE Healthcare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications, and services, supported by its Edison intelligence platform. With over 100 years of healthcare industry experience and around 48,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world.

Follow us on Facebook, LinkedIn, Twitter, and Insights for the latest news, or visit our website www.gehealthcare.com for more information.

[i] "Global Procedure Volumes and Reimbursement for MRI Equipment Growth Opportunities: Portable Point-of-Care Systems and and Increasae in Cardiac and Neuro Imaging Accelerated MRI Procedures across Regions." Frost & Sullivan. Published February 2022. PCB7-50.

[ii] GE Healthcare data on file

[iii] AIR Recon DL 3D and PROPELLER is 510(k) pending at the FDA. Not CE marked. Not available for sale in the United States or EU. Not commercially available in all markets.

[vii] MotionFree Brain is not CE Marked. May not be placed on market nor put into service before it complies with CE marking. Not commercially available in all markets.

[viii] SIGNA Artist Evo is not yet CE Marked. May not be placed on market nor put into service before it complies with CE marking. Not commercially available in all markets.

[ix] Based on historical ROI of full system upgrades vs. full replacement.

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

All news about GENERAL ELECTRIC COMPANY
07:27aGE Power Conversion unveils cyber-secured MV7000 drive remote monitoring for L&T-MHI Po..
AQ
03:44aGENERAL ELECTRIC : GE Power Conversion unveils cyber-secured MV7000 drive remote monitorin..
PU
03:38aGE Announces H-Class Turnkey Combined Cycle Power Plant Order for Energa's Ostroleka Po..
AQ
07/06FRENCH CONNECTION : Air France-KLM Will Use Fuel-Efficient LEAP Engines To Power A New Fle..
PU
07/06RIDING THE WAVES : A GE-Engineered Project in India Allows Delhi's Airport To Run On Renew..
PU
07/06COAL TO GAS : How GE Is Helping Poland Advance Its Energy Strategy To Cut Carbon And Promo..
PU
07/06Vertical Research Lowers General Electric Company's Price Target to $72 From $90, Hold ..
MT
07/06GENERAL ELECTRIC : GE Announces H-Class Turnkey Combined Cycle Power Plant Order for Energ..
PU
07/06GENERAL ELECTRIC : GE commissions 180 MW Bajoli hydro project in Himachal Pradesh
PU
07/05Air France-KLM to Buy 200 Engines From CFM International
DJ
More news
Analyst Recommendations on GENERAL ELECTRIC COMPANY
More recommendations
Financials (USD)
Sales 2022 75 970 M - -
Net income 2022 2 184 M - -
Net Debt 2022 15 295 M - -
P/E ratio 2022 32,2x
Yield 2022 0,61%
Capitalization 67 768 M 67 768 M -
EV / Sales 2022 1,09x
EV / Sales 2023 0,97x
Nbr of Employees 168 000
Free-Float 74,2%
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 61,57 $
Average target price 100,39 $
Spread / Average Target 63,0%
EPS Revisions
Managers and Directors
H. Lawrence Culp Chairman & Chief Executive Officer
Carolina Dybeck-Happe Chief Financial Officer & Senior Vice President
Victor Abate Chief Technology Officer & Senior Vice President
Nancy Anderson Chief Information Officer & Vice President
Francisco D'Souza Independent Director
Sector and Competitors
1st jan.Capi. (M$)
GENERAL ELECTRIC COMPANY-34.34%67 768
BERKSHIRE HATHAWAY INC.-8.17%608 576
HONEYWELL INTERNATIONAL INC.-16.93%117 910
SIEMENS AG-37.09%77 843
3M COMPANY-26.90%73 887
ILLINOIS TOOL WORKS INC.-25.99%56 754