BERLIN/LONDON, March 30, 2020 - Aladdin Healthcare Technologies SE (“Aladdin”, ISIN: DE000A12ULL2) pushes forward the development of the prototype image segmentation cloud platform. This technology serves as “Health Risk Assessment Tool” (HRA) to assist the diagnosis of COVID-19 Coronavirus.
Aladdin has built a Health Risk Assessment Tool (HRA) as web and mobile application to manage risk assessment in connection to COVID-19 for global use. The HRA tool combines both artificial intelligence (AI) and augmented reality (AR) and opens up new opportunities in the management of COVID-19 risks for companies and private persons. Aladdin will first launch the technology in India. The tool is expected to be available on the market and than introduced in other countries by the end of the second quarter 2020.
More specifically, the AI application provides users with a real time risk assessment of individuals infected with coronavirus. In addition, the application is able to take further steps in their treatment. For example, it shows whether doctors are available for video consultations and the nearest available hospital for treatment. At the same time, the AI suggests suitable further care measures and gives lifestyle advice.
Aladdin has long been active in the important Indian market. Together with the OurHealthMate’s (OHM) medical platform, Aladdin has already built a diabetic and cardiovascular risk prediction tool in India. In addition, Aladdin’s services are now being used by several Fortune 500 companies in the healthcare management. OHM will also integrate the risk assessment platform into its ecosystem, that will enable Aladdin’s application to be accessed by over 2,000 plus healthcare partners. These include major hospital operators and health insurance companies.
Aladdin and OHM have already agreed to share revenues from this collaboration in half, beginning in the second quarter 2020.
Wade Menpes-Smith, CEO of Aladdin Healthcare Technologies SE commented: “Aladdin is building a global collaboration team to enhance its CT AI platform for global use. By validating it through multiple international patient data sets of COVID-19 patients, we have set out to create a new gold standard for COVID 19 testing. AI-based systems are a great chance in personalised medicine. They enable a much more efficient treatment process. With our HRA tool, we can make an important contribution in the fight against coronavirus and COVID-19.”
A public offering of shares in the company is open and will run from 9 to 30 March 2020. Further information is available at:
About Aladdin Healthcare Technologies SE
Aladdin Healthcare Technologies SE (and its wholly owned subsidiary Aladdin Healthcare Technologies Ltd.) is a leading developer of AI healthcare diagnostics and drug discovery applications that can accelerate both early stage disease diagnosis and the end-to-end drug discovery process. Aladdin targets aged related disease including a significant focus on Alzheimer’s disease, with the technology also being applied to other indications such as COVID-19 Coronavirus. Aladdin accomplishes this by collaborating with numerous partners within the global healthcare ecosystem to confidentially and securely gather targeted data including, genome, tabular, MRI, PET, cognition and other lifestyle data. These datasets are then analysed by the award-winning AI team and used to develop proprietary AI tools that can assist healthcare professionals to more accurately and efficiently diagnose aged related diseases. This new diagnostic process will save significant time and costs for healthcare professionals. Additionally, the AI drug discovery platform will be used by pharmaceutical Companies to speed up drug development, clinical trials and predict outcomes more accurately.
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