Stacey Stevens will join Nashua, N.H.-based iCAD, a maker of a computer-aided cancer detection system, on June 1 as the company's vice president of marketing and strategy. Since April 2006, Stevens is at least the third member to join the iCAD senior management team and leave Phillips Medical Systems, a global healthcare electronics device company with a U.S. office in Andover, Mass. Ken Ferry has replaced Scott Parr as president and chief executive officer and Jeffrey Barnes has taken over senior vice president of sales. The company, which didn't return calls seeking comment, previously said it was doubling the size of its direct sales staff. All three senior management announcements came after arbitrators ruled in April that neither iCAD nor its competitor R2 Technology, Sunnyvale, Calif., infringed on each other's patents. The yearlong patent dispute was costly for iCAD, which said it incurred $2.5 million in legal expenses in 2005. Overall, last year the company reported revenue of $19.8 million, down from $23.3 million in 2004, and a net loss of $4.7 million compared with a loss $828,263 in 2004.
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