Lunit opens European unit to hasten expansion

Lunit opens European unit to hasten expansion

South Korean medical AI company Lunit has announced its decision to establish a wholly-owned subsidiary in Europe.According to a press release, Lunit Europe Holdings will be based in Amsterdam in the Netherlands and will begin local staff recruitment shortly. 
WHY IT MATTERS
Although Lunit had a branch office which previously managed its European business, its subsidiary in the continent will allow it to plan for the expansion of its sales network and fortify existing partnerships there. 
According to data from Statista, the European medical device market is expected to be worth $136 billion this year. Its biggest segment is cardiology devices with a projected…

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VinBrain harnesses Stanford data to improve radiology AI

VinBrain harnesses Stanford data to improve radiology AI

Vietnamese healthcare AI developer VinBrain has started a new partnership with Stanford University to enhance AI medical imaging.Based on their latest data use agreement, Stanford will initially provide VinBrain access to about 240,000 anonymised medical images and reports to train and test the AI on its DrAid clinical decision support platform while also helping improve the accuracy of an information extracting method for structuring radiology reports called RadGraph.
WHY IT MATTERS
According to VinBrain, its latest partnership with Stanford aims to enhance efficiency in radiology reports while “tackling complexity, ambiguity, and limitations in medical image interpretation.”
Through Stanford’s support, the company will be able…

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