Journalistic Rewrite: Lunit has acquired the breast cancer detection AI company, Volpara Health.

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Journalistic Rewrite: Lunit has acquired the breast cancer detection AI company, Volpara Health. - Korea Economic Daily

Quick Summary:

Kosdaq-listed Lunit acquired the full ownership of Volpara.“Lunit integrates Volpara’s advanced breast health platform such as breast density assessment, Scorecard™ and screening workflow enhancement with its AI-powered solutions for breast cancer detection,” Lunit said in a press release.

Volpara Scorecard refers to an AI software used to assess breast tissue composition.“While our initial focus remains on breast cancer, both Lunit and Volpara are committed to broadening our offerings to address a wider range of cancers and medical conditions,” said Brandon Suh, chief executive of Lunit.

Lunit Inc., a South Korean cancer diagnostics AI company, has completed the acquisition of Volpara Health Technologies Ltd., a New Zealand-based AI software developer for breast cancer detection, for 264.7 billion won ($194 million), the two companies said on Wednesday.