NASHUA, N.H., Nov. 08, 2016 (GLOBE NEWSWIRE) -- iCAD (Nasdaq:ICAD), an industry-leading provider of advanced image analysis, workflow solutions and radiation therapy for the early identification and treatment of cancer, today announced that Richard C. Christopher has been appointed Executive Vice President and Chief Financial Officer, effective December 5, 2016. Mr. Christopher has more than 25 years of financial management experience, including having served as CFO of two public companies with dermatology-related businesses. Upon Mr. Christopher’s joining of the Company, interim Chief Financial Officer R. Scott Areglado, will resume his role as Vice President and Corporate Controller.

“Rich’s executive leadership and corporate finance experience with public companies in the dermatology market make him a strong addition to the iCAD leadership team,” said Ken Ferry, CEO of iCAD. “He has a proven track record managing the financial activities for growth businesses, along with deep background in strategic planning and operations. This includes serving as CFO of DUSA Pharmaceuticals, Inc. a NASDAQ-listed specialty dermatology company, for more than 8 years, helping drive revenue from $1 million to more than $50 million with solid profitability prior to its sale for $230 million. We believe this makes Rich an excellent strategic fit with iCAD, particularly given that the dermatology eBx business represents our largest market opportunity. This combined with our breast tomosynthesis software, gives us two key growth drivers in 2017 and beyond. We look forward to working with Rich to refine and execute on our commercial activities and long-term strategic plan to deliver profitable growth and increased shareholder value.”

Mr. Christopher commented, “It is an exciting time to join iCAD – the Company is well positioned with leading technologies in its Cancer Therapy and Cancer Detection businesses and has significant potential to increase its market penetration. I look forward to working with the team to bring these technologies to more physicians and patients around the world.”

Mr. Christopher currently serves as Chief Financial and Operating Officer of Caliber Imaging & Diagnostics, Inc., a privately-held medical technology company that designs, develops, and markets innovative imaging solutions that shows tissue at the cellular level, with primary applications in dermatology. He joined Caliber I.D. as Chief Financial Officer in 2014 when it was a publicly-traded company and was appointed to the Chief Operating Officer position in 2015. Prior to this, Mr. Christopher was Vice President, Finance and Chief Financial Officer of DUSA Pharmaceuticals, Inc., a NASDAQ-listed specialty dermatology company focused on the treatment of precancerous skin lesions. He joined DUSA in 2000 and held a series of positions of increasing responsibility, including serving as Chief Financial Officer from 2005 through its acquisition and integration into Sun Pharmaceuticals Industries Limited in 2013. He received a Master’s of Science Degree in Accounting from Suffolk University and a Bachelor’s of Science Degree in Finance from Bentley University.

About iCAD, Inc.

iCAD delivers innovative cancer detection and radiation therapy solutions and services that enable clinicians to find and treat cancers earlier and faster while improving patient outcomes. iCAD offers a comprehensive range of upgradeable computer-aided detection (CAD) and workflow solutions to support rapid and accurate detection of breast, prostate and colorectal cancers. iCAD’s Xoft® Axxent® Electronic Brachytherapy (eBx®) System® is a painless, non-invasive technology that delivers high dose rate, low energy radiation, which targets cancer while minimizing exposure to surrounding healthy tissue. The Xoft System is FDA cleared, CE marked, and licensed in a growing number of countries for the treatment of cancer anywhere in the body, including treatment of early-stage breast cancer, gynecological cancers and non-melanoma skin cancer. The comprehensive iCAD technology platforms include advanced hardware and software as well as management services designed to support cancer detection and radiation therapy treatments. For more information, visit or www.icadmed.com or www.xoftinc.com.