GE HealthCare Technologies Inc. - GEHC STOCK NEWS

GE HealthCare, the GE HealthCare Foundation, and the Charles Antetokounmpo Family Foundation (CAFF) have launched 'Powering Milwaukee Forward', a $1 million philanthropic initiative to improve access to basic needs in Milwaukee's underserved communities. The program will grant funds to 10 local nonprofits, focusing on social determinants of health such as fair housing, education, healthy food, safe physical environments, and maternal healthcare.

The initiative aims to address significant health disparities in Milwaukee, which are exacerbated by racial and socio-economic conditions. Giannis Antetokounmpo, founder of CAFF, expressed his commitment to supporting underserved neighborhoods. Peter J Arduini, President and CEO of GE HealthCare, emphasized the company's responsibility in addressing barriers to care and health inequities.

The program will support organizations including Milwaukee Habitat for Humanity, Boys & Girls Club of Greater Milwaukee, Feeding America Eastern Wisconsin, Milwaukee Parks Foundation, and the African American Breastfeeding Network, among others.

GE HealthCare (Nasdaq: GEHC) has introduced Hospital Pulse, a new tile for its Command Center Software Platform. This innovative tool provides real-time operational insights across hospital departments, enabling quick adjustments throughout the day. Duke Health, a Command Center Software user since 2019, will be the first to implement Hospital Pulse Tile globally.

The tile offers customizable dashboards that display vital operational metrics, such as emergency department admissions and post-anesthesia boarding times. It aims to enhance hospital efficiency, support care teams, and improve patient experience. Duke Health has already seen significant improvements, including a 66% decrease in bed request to bed assigned time and a 50% reduction in temporary labor requirements since 2020.

Hospital Pulse Tile will be widely available to U.S. customers next year, joining other Command Center Tiles like Patient Placement Prioritizer and ED Expediter. This addition further strengthens GE HealthCare's AI-enabled portfolio of digital enterprise offerings.

GE HealthCare and University Medicine Essen (UME) are collaborating to establish a new Theranostics Center of Excellence in Europe. This initiative aims to advance personalized medicine and improve cancer treatment through theranostics, a transformative approach combining targeted therapy with precise diagnostic tools.

The center will be equipped with cutting-edge technologies from GE HealthCare, including PET/CT, PET/MR, and SPECT/CT systems, as well as digital and AI solutions. These technologies will support both clinical practice and advanced research in personalized cancer care.

Key objectives of the collaboration include:

• Expanding production and access to radioisotopes for precise disease diagnosis and monitoring
• Outfitting facilities with innovative technologies for improved image quality and personalized treatment recommendations
• Supporting research activities, including collaboration on GE HealthCare's total body PET/CT technology

This partnership aims to drive innovation in clinical collaboration, research, and education throughout the region, ultimately offering more personalized treatments to cancer patients.

GE HealthCare (Nasdaq: GEHC) has launched the Versana Premier™, the latest addition to its Versana ultrasound family. This multi-purpose ultrasound system is designed for healthcare professionals across various clinical specialties, including general practice, OBGYN, musculoskeletal, and cardiology.

Key features of the Versana Premier include:

• Advanced automation and AI-enabled productivity tools
• VisionBoost Architecture for exceptional image quality
• Whizz technology for real-time image optimization
• Enhanced 3D/4D imaging capabilities for OBGYN
• AI-powered labeling and measurement tools

The system offers up to 38% faster workflow with its Whizz clinical features. Versana Premier is now available in key countries globally, with U.S. shipments beginning later this month.

GE HealthCare (GEHC) is accelerating AI adoption in enterprise imaging by integrating Blackford's AI-enabled application orchestration feature into True PACS and Centricity PACS. This collaboration aims to help radiologists manage increased workloads and exam complexity, potentially leading to quicker diagnoses and treatments. The integration offers healthcare providers access to a catalog of third-party AI applications across various clinical areas.

The move addresses burnout among radiologists, with an RSNA survey reporting 49% experiencing burnout, primarily due to excessive bureaucratic tasks. GE HealthCare's solution aims to improve workflow efficiency, allowing clinicians to focus more on patient care. The company has received 80 FDA clearances or authorizations for AI-enabled medical devices in the US, highlighting its commitment to AI in healthcare.

GE HealthCare (Nasdaq: GEHC) has announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, before the market opens. Following the release, the company's management team will host a conference call and webcast at 8:30 a.m. Eastern Time / 7:30 a.m. Central Time on the same day.

Investors and interested parties can access the live webcast at https://investor.gehealthcare.com/news-events/events. The earnings release, accompanying financial information, and a replay of the webcast will also be made available on the GE HealthCare Investor Relations website at the same link.

GE HealthCare announces its leading role in Thera4Care, a €25.3 million project aimed at revolutionizing theranostics for cancer care in Europe. The initiative brings together 29 partners from academia, clinics, SMEs, and patient advocacy groups across 14 European countries and the US. Thera4Care's goals include:

1. Expanding the European network of copper-producing isotope GMP sites
2. Developing next-generation SPECT-CT imaging scanners
3. Building AI-enabled imaging and multi-modal theranostic clinical decision support
4. Enhancing AI-based tumor quantitation for personalized dosimetry

The project, co-funded by Horizon Europe and the Innovative Health Initiative, aims to broaden patient access to theranostics by creating standardized, scalable methods for production, detection, and monitoring of key theranostic isotopes. It focuses on prostate, ovarian, pancreas cancers, and sarcomas.

GE HealthCare (Nasdaq: GEHC) has announced the completion of its Phase I clinical development program for a first-of-its-kind manganese-based macrocyclic MRI contrast agent. The results, presented at the 2024 bi-annual Contrast Media Research symposium in Oslo, Norway, showed that the agent was well tolerated with no serious adverse events or clinically relevant findings reported.

This novel contrast agent could provide an alternative to gadolinium-based agents, addressing concerns about gadolinium retention and environmental impact. The manganese-based agent has comparable relaxivity to gadolinium-based agents and is expected to be diagnostically similar. Unlike gadolinium, manganese is naturally occurring in and efficiently eliminated from the body.

The Phase I trial was conducted at Oslo University Hospital, Rikshospitalet, Norway, with partial funding from the Norwegian Research Council. GE HealthCare aims to offer more choice to radiologists and deliver a broad portfolio for personalized care and unmet patient needs.

GE HealthCare (Nasdaq: GEHC) announced FDA approval of Flyrcado (flurpiridaz F 18) injection, a novel PET radiotracer for detecting coronary artery disease (CAD). Flyrcado offers higher diagnostic efficacy compared to SPECT MPI, the current standard in nuclear cardiology. With a 109-minute half-life, it allows for off-site production and wider distribution, potentially expanding access to PET myocardial perfusion imaging (MPI).

Key advantages include:

• First practical opportunity to combine exercise stress testing with cardiac PET imaging for CAD
• Improved diagnostic accuracy for difficult-to-image patients
• Ability to rescan patients during the same session if needed