A Medical Device Daily
System InterSystems (Cambridge, Massachusetts) reported that Four Points Technology (Herndon, Virginia) will provide the InterSystems CACHÉ object database to the Department of Veterans Affairs (VA). The contract for enterprise software and maintenance services, with an initial value of about $34.9 million, includes option periods which could bring the total cumulative value to an estimated $183.7 million, InterSystems said.
InterSystems develops database and integration software, its product line including the InterSystems CACHÉ object database, Ensemble rapid integration platform, and HealthShare platform for regional and national electronic health records.
Four Points is a service-disabled veteran-owned small business providing IT products and services to the federal government. Paul Grabscheid, VP of strategic planning for InterSystems, said that the relationship with Four Points "ensures the VA has optimal access to InterSystems CACHÉ and to our world-class support."
In grants news:
• TechniScan Medical Systems (TMS; Salt Lake City), a developer of ultrasound technology for breast imaging, reported receiving two new Small Business Innovation Research (SBIR) Program grants from the National Cancer Institute of the National Institutes of Health totaling more than $267,000.
TMS also said it has been selected to participate in the National Institutes of Health Commercialization Assistance Program (NIH-CAP) to further develop the company's UltraSound CT (USCT) Imaging System.
TMS will also receive about $1.7 million in Phase II of a previous NCI-SBIR grant in 2007 with another $900,000 to support clinical testing during 2008. TMS said that the new grants bring its total NIH funding to $3.5 million.
TechniScan said that its technology is intended to diagnose breast cancer in conjunction with traditional mammography by providing detailed information about the anatomy and tissue properties of the breast in ways not previously possible.
It said the NIH-SBIR grant funds will be used to develop the USCT System in preparation for investigational testing of patients at the University of California San Diego (La Jolla, California) and the Mayo Clinic (Rochester, Minnesota). Testing is slated to begin early 2008.