Ardsley Advisory Partners LP purchased a new position in Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter
according to its most recent filing with the Securities and Exchange Commission
The firm purchased 25,000 shares of the company's stock
Other large investors also recently bought and sold shares of the company
PDT Partners LLC purchased a new position in Asana during the fourth quarter valued at $570,000
Schonfeld Strategic Advisors LLC purchased a new stake in Asana during the 4th quarter valued at $1,892,000
Northern Trust Corp lifted its holdings in Asana by 2.3% in the fourth quarter
Northern Trust Corp now owns 811,316 shares of the company's stock valued at $16,445,000 after acquiring an additional 18,599 shares during the period
Tudor Investment Corp ET AL purchased a new position in shares of Asana in the fourth quarter worth approximately $5,396,000
Quarry LP purchased a new position in shares of Asana during the 4th quarter worth $29,000
26.21% of the stock is owned by hedge funds and other institutional investors
A number of analysts have recently issued reports on the stock
Scotiabank reduced their price objective on shares of Asana from $18.00 to $12.00 and set a "sector perform" rating for the company in a research note on Tuesday
Baird dropped their target price on shares of Asana from $23.00 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday
cut their target price on shares of Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a research note on Tuesday
DA Davidson reduced their target price on Asana from $20.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday
Morgan Stanley decreased their price objective on Asana from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Wednesday
Two analysts have rated the stock with a sell rating
nine have issued a hold rating and four have given a buy rating to the company
Asana has a consensus rating of "Hold" and an average target price of $15.53
Get Our Latest Stock Analysis on ASAN
Shares of ASAN traded down $0.22 during mid-day trading on Monday
1,001,723 shares of the company's stock traded hands
compared to its average volume of 2,737,128
The company has a debt-to-equity ratio of 0.17
a current ratio of 1.49 and a quick ratio of 1.49
The stock's 50-day moving average is $15.48 and its two-hundred day moving average is $17.62
has a 12 month low of $11.05 and a 12 month high of $27.77
The stock has a market cap of $3.74 billion
insiders acquired 2,074,507 shares of company stock worth $30,025,743 and sold 389,842 shares worth $7,820,003
63.97% of the stock is owned by company insiders
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The centre will leverage a system designed for treatment-resistant cancers
Asan Medical Center (AMC) has announced plans to establish South Korea’s largest heavy ion therapy facility to expand personalised treatment options for hard-to-treat cancers
The facility will be constructed on AMC’s Pungnap-dong campus in Seoul’s Songpa District with a planned floor area of 40,880㎡
It will include two rotating gantry treatment systems and one fixed beam treatment system
To facilitate the introduction of a heavy ion therapy system
the centre signed an agreement with Toshiba ESS and DK Medical Solutions
launching full-scale preparations to begin operations by 2031
The facility will use the system to treat cancers that are resistant to conventional therapies
it will also cover more common conditions such as prostate
AMC plans to adopt a next-generation multi-ion source
The multi-ion source approach is expected to reduce damage to healthy tissue
with potential applications for paediatric cancer care
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Asan Medical Center has developed a voice-based clinical documentation system powered by a large language model
The system automatically records and analyses conversations – including identifying symptoms and classifying diseases – between and among staff and patients in near real-time
It also creates patients' medical records on the spot which are automatically saved to AMIS 3.0
Installed on the emergency cart's tablet computer
it can also be used during emergency responses
The LLM was trained with "tens of thousands of hours" of clinical voice data covering various specialty medical terminologies
To improve the scribe's voice recognition capability
a dedicated microphone is used to filter background noise and calculate speakers' vocal range precisely
First developed in 2023 and piloted in orthopaedic and plastic surgery outpatient clinics
the AI scribe runs live across 16 AMC departments
The hospital plans to expand the scribe's scope of use gradually
Touted to be a first among hospitals in South Korea
the clinical scribe was built to assist in improving medical record accuracy and support making precise treatment plans
It also helps ensure patient safety by not missing out details or information
particularly during urgent medical situations
The development of the generative AI-based voice scribe is part of many projects enabling digital healthcare at one of South Korea's biggest hospitals. The foundational IT infrastructure running these projects, which include digital pathology and robot process automation, was validated at Stage 7 of the globally recognised HIMSS Infrastructure Adoption Model late last year
AMC also applied AI in its recently launched web portal for international patients
automatically translating eight major world languages and supporting data management and verification
"With the AI-based voice recognition system for medical treatment
we can effectively record and store a large amount of voice-based information that often gets lost during the treatment process," said Dr Young-Hak Kim
director of AMC Health Innovation Big Data Center
"Accurate symptom information reflecting the voices of medical staff and patients can be the basis for improving the quality of medical care and providing personalised treatment," he added
© 2025 MobiHealthNews is a publication of HIMSS Media
The latest news in digital health delivered daily to your inbox
PDT Partners LLC acquired a new stake in Asana, Inc. (NYSE:ASAN - Free Report) during the 4th quarter
according to its most recent filing with the Securities & Exchange Commission
The fund acquired 28,100 shares of the company's stock
Other hedge funds also recently modified their holdings of the company
Arrowstreet Capital Limited Partnership bought a new stake in shares of Asana in the fourth quarter valued at about $38,966,000
Paradice Investment Management LLC acquired a new stake in Asana in the 4th quarter worth about $22,507,000
Voya Investment Management LLC boosted its holdings in Asana by 8.1% in the 4th quarter
Voya Investment Management LLC now owns 12,539,038 shares of the company's stock valued at $254,166,000 after purchasing an additional 937,726 shares during the period
Connor Clark & Lunn Investment Management Ltd
acquired a new position in shares of Asana during the 4th quarter worth approximately $11,781,000
Trexquant Investment LP bought a new position in shares of Asana during the fourth quarter worth approximately $11,391,000
Institutional investors and hedge funds own 26.21% of the company's stock
Several brokerages recently issued reports on ASAN
UBS Group cut their price target on Asana from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday
Scotiabank reduced their target price on Asana from $18.00 to $12.00 and set a "sector perform" rating on the stock in a report on Tuesday
Baird dropped their price target on Asana from $23.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday
JMP Securities set a $22.00 price objective on shares of Asana in a research note on Tuesday
Morgan Stanley dropped their target price on shares of Asana from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday
Two investment analysts have rated the stock with a sell rating
nine have given a hold rating and four have assigned a buy rating to the stock
the company currently has a consensus rating of "Hold" and a consensus target price of $15.53
Read Our Latest Report on Asana
insiders bought 2,074,507 shares of company stock worth $30,025,743 and sold 389,842 shares worth $7,820,003
63.97% of the stock is currently owned by corporate insiders
NYSE:ASAN traded down $0.22 on Monday
1,001,723 shares of the stock traded hands
compared to its average volume of 2,737,145
a quick ratio of 1.49 and a debt-to-equity ratio of 0.17
has a 1-year low of $11.05 and a 1-year high of $27.77
The company's 50 day moving average is $15.55 and its 200-day moving average is $17.59
The firm has a market capitalization of $3.74 billion
a price-to-earnings ratio of -14.33 and a beta of 1.21
Hsbc Holdings PLC raised its position in Asana, Inc. (NYSE:ASAN - Free Report) by 941.4% in the fourth quarter
according to its most recent disclosure with the SEC
The firm owned 136,447 shares of the company's stock after acquiring an additional 123,345 shares during the period
Hsbc Holdings PLC owned approximately 0.06% of Asana worth $2,797,000 as of its most recent filing with the SEC
Other institutional investors have also recently bought and sold shares of the company
Arrowstreet Capital Limited Partnership bought a new position in Asana during the fourth quarter valued at $38,966,000
First Trust Advisors LP grew its position in Asana by 17.6% during the fourth quarter
First Trust Advisors LP now owns 1,743,981 shares of the company's stock worth $35,350,000 after buying an additional 261,298 shares in the last quarter
Paradice Investment Management LLC bought a new stake in Asana during the fourth quarter valued at approximately $22,507,000
increased its holdings in shares of Asana by 105.6% in the 3rd quarter
now owns 832,598 shares of the company's stock worth $9,650,000 after buying an additional 427,576 shares during the last quarter
Bank of New York Mellon Corp lifted its stake in Asana by 1.5% during the fourth quarter
Bank of New York Mellon Corp now owns 805,649 shares of the company's stock worth $16,331,000 after purchasing an additional 11,896 shares during the last quarter
insiders have bought 2,074,507 shares of company stock worth $30,025,743 and have sold 389,842 shares worth $7,820,003
ASAN traded down $0.15 during trading on Monday
The stock had a trading volume of 447,962 shares
compared to its average volume of 2,735,028
The stock has a 50 day simple moving average of $15.55 and a two-hundred day simple moving average of $17.59
a quick ratio of 1.49 and a current ratio of 1.49
has a twelve month low of $11.05 and a twelve month high of $27.77
The company has a market capitalization of $3.76 billion
A number of research analysts have recently issued reports on the company
JMP Securities set a $22.00 price objective on Asana in a research note on Tuesday
Scotiabank lowered their price objective on Asana from $18.00 to $12.00 and set a "sector perform" rating for the company in a research report on Tuesday
Citigroup lifted their target price on shares of Asana from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday
dropped their price target on shares of Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a research report on Tuesday
Jefferies Financial Group dropped their target price on shares of Asana from $19.00 to $15.00 and set a "hold" rating for the company in a report on Tuesday
nine have issued a hold rating and four have assigned a buy rating to the company
the company has a consensus rating of "Hold" and a consensus target price of $15.53
View Our Latest Stock Report on Asana
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Marshall Wace LLP purchased a new stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) in the fourth quarter
The institutional investor purchased 84,529 shares of the company's stock
Several other institutional investors have also added to or reduced their stakes in ASAN
Arrowstreet Capital Limited Partnership bought a new stake in Asana in the fourth quarter valued at $38,966,000
Paradice Investment Management LLC purchased a new position in shares of Asana during the fourth quarter valued at about $22,507,000
increased its position in shares of Asana by 105.6% during the third quarter
now owns 832,598 shares of the company's stock valued at $9,650,000 after buying an additional 427,576 shares during the period
Bank of New York Mellon Corp raised its stake in Asana by 1.5% in the fourth quarter
Bank of New York Mellon Corp now owns 805,649 shares of the company's stock worth $16,331,000 after buying an additional 11,896 shares in the last quarter
lifted its holdings in Asana by 7.6% in the fourth quarter
now owns 694,792 shares of the company's stock worth $14,083,000 after buying an additional 48,831 shares during the period
Hedge funds and other institutional investors own 26.21% of the company's stock
Shares of ASAN traded up $0.21 during trading hours on Friday
The stock had a trading volume of 1,511,504 shares
compared to its average volume of 2,744,097
The firm has a market capitalization of $3.79 billion
The stock has a fifty day moving average price of $15.55 and a 200 day moving average price of $17.59
Corporate insiders own 63.97% of the company's stock
A number of research analysts have weighed in on ASAN shares
JMP Securities set a $22.00 target price on Asana in a report on Tuesday
Morgan Stanley decreased their price objective on Asana from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Wednesday
Bank of America reduced their target price on shares of Asana from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday
Scotiabank lowered their price target on shares of Asana from $18.00 to $12.00 and set a "sector perform" rating for the company in a research report on Tuesday
Jefferies Financial Group cut their price objective on shares of Asana from $19.00 to $15.00 and set a "hold" rating on the stock in a report on Tuesday
nine have issued a hold rating and four have assigned a buy rating to the stock
the stock currently has a consensus rating of "Hold" and a consensus target price of $15.53
Read Our Latest Analysis on ASAN
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accurate diagnoses at ASAN Medical CenterFeaturing Heounjeong Go
PhD March 25 2025 7 min read Customer storyPathologyDiagnostic and clinical informaticsHow do you meet the rise in cancer cases with fast
accurate pathology diagnoses while staffing levels remain constant in the pathology department
ASAN has been diagnosing cases using digital pathology for all surgical cases and consultation on cases from other hospitals
The journey to digital pathology started years ago for ASAN
Heounjeong Go feels it was well worth it for the benefits the institution gained
increased diagnostic confidence and a better experience for pathologists and consulting physicians
ASAN Medical Center in Seoul is the largest private hospital in South Korea
serving more than one million inpatients and 3.2 million outpatients yearly
focused on cancer treatment and organ transplants
Heounjeong Go heads a pathology department of 27 professors and approximately 15 residents and fellows
Go feels it was well worth it for the benefits the institution gained
ASAN produces a high volume of slides (approximately 900,000 pathology slides yearly) and diagnoses approximately 130,000 surgical pathology cases
While the number of cases continues to increase
staffing in the pathology department remains constant
requiring improved workforce efficiency for timely diagnosis and smooth consultation
This increased volume also creates challenges for data management
The introduction of digital pathology at ASAN has resulted in decreased time to diagnosis
even though the number of diagnoses increased and the number of pathologists has remained unchanged
average diagnosis time decreased by 19 hours and 51 minutes (-27.6%) with digital pathology
and by 1 hour and 28 minutes (-2.93%) for immunopathology
when the method of specifying ROI was performed using a digital pathology system
the test time per case was reduced by about 1 hour
Because people are living longer with cancer
it is becoming more common for those patients to undergo repeat biopsies or surgeries during follow-up care
which often requires review of pathology slides made years ago
locating and retrieving those physical slides required extra time
staining quality may have faded on old slides
reducing image quality and diagnostic confidence
It is difficult to make precise annotations for diagnosis using physical slides
it can be difficult to locate and review those slides in a timely fashion
When preparing for conferences or writing papers
photos must be taken with a camera to present results
storing physical slides requires significant space in the facility
ASAN decided to digitize all newly produced slides
EMR and image management systems are tightly integrated for greater diagnostic efficiency
and integrated systems send all pathological ancillary test results from the pathology department to the digital pathology server
allowing all test results to be managed by surgical pathology case
ASAN has implemented an interface for AI-based algorithms and is building a platform that can provide de-identified and pseudonymized diagnosis slides for research and external consultation
ASAN uses an AI-based program that takes less than one minute per case to evaluate the morphometric analysis (previously a resident would spend two hours every day to evaluate morphometry)
reimbursement is greater for AI-assisted morphometry
there were no similar reference models for an institution as large as ASAN
and most other institutions had only partially implemented digital pathology
starting in 2017 and finalized by the end of 2019
reaching an agreement with hospital administration to proceed
ASAN created a task force to begin the project
building the necessary interfaces for a year
followed by another year of trial operation
It took approximately five years to fully implement digital pathology at ASAN
Go addressed concerns about digital implementation by identifying difficulties in the analog workflow for diagnosis and found that a major obstacle was in locating and reviewing previously made physical slides
Go was able to demonstrate a number of benefits
Slide access is easy using the digital system
Security of patient data is enhanced when using digital slides to consult with other hospitals because no physical slides are transported from one location to another
Pathologists were concerned with the ability to use new technology
Go provided one-on-one training so that her team was comfortable with the technology
Digital slides are easier to view vs the microscope (younger pathologists are very comfortable with computer use and older technologists appreciate the enlarged view)
The unified barcode system has eliminated the chance of misidentifying physical slides
and so that the risk is reduced to nearly 0%
creating an error-free system of identification.* The hospital uses a 1G network
and the pathology department operates on a separate 10G network for uploading and downloading data
ASAN prides itself in short turnaround times for pathology slides
delivering diagnosis in 1.5 days for biopsy specimens and 3.5 days for resection slides
Go says that ASAN has highly efficient workforce utilization compared to other institutions
Initial concerns concerned productivity and efficiency--could they be maintained after adopting digital pathology because of the extra workflow step of scanning slides
Go decided to re-evaluate all processes from the perspective of digitalization and optimize them for digital pathology and made the bold decision to fully implement the digital pathology system at once rather than in stages to avoid the inefficiencies of managing workflow that was partially digital and partially analog
ASAN set up an interface that allows directly viewing of previous cases of whole slide images from the EMR case management screen
The institution also changed the entire physical environment of the pathology department - including equipment
workspaces and conference areas - to be conducive to digital workflow
Molecular work is now more efficient because of the ability to draw annotations for DNA extraction directly on the slide
which previously required 1-2 days for a glass slide
Go says that pathologists prefer digital viewing to viewing with a microscope because of the ease of workflow and that the scanned images are able to be viewed at greater than 40X power
which is helpful in identifying small particles or organisms
The ease of sharing and discussing digital images aids collaboration with other clinicians
Go points out some of the past difficulties in diagnosing in the analog era
they would all gather together and have a separate meeting
or they would come to the office one by one with slides and ask for opinions
Because these cases take significant time and effort
and sometimes the diagnosis is made without sufficient consultation
you can easily consult multiple pathologists using the simple IMS messenger app and have those pathologists access and view your case at the same time
sharing opinions even if you are not in the same room
This is not limited to just an opinion about the diagnosis
but can also include additional tests that are needed
an interpretation of the tests and the patient's clinical situation
This allows for a more specific diagnosis that can be much more helpful in the patient's treatment.”
This IMS collaboration feature that allows pathologists to connect through chat sessions and case link sharing can also be used for purposes beyond diagnosis (e.g.
panel discussions and educational sessions)
This allows pathologists to review digital slides in real time with other users from anywhere
Go imagines that the field of digital pathology can be expanded to include frozen sections and cytology specimens
a system that manages all ancillary test images and the creation of a prognostic cancer screening and grading system
“I think AI will definitely benefit productivity and diagnostic efficiency if we can use more models for a variety of purposes in addition to the morphometry we currently use,” says Dr
in the prostate screening model that is currently being used in multiple institutions
each of the 12 cores must be evaluated for diagnosis
number of tumor foci and neural tissue infiltration
I think the accuracy and productivity of the diagnosis will increase dramatically.”
Go notes the importance of a user-centered approach to digital pathology transformation
it is crucial to think about how things will change from the perspective of the pathologist who will actually use it
Implementers tend to focus on the technical aspect
but users care most about how much easier their work will become with the digital system.”
Heounjeong GoHead of Pathology DepartmentASAN Medical Center
University of Ulsan College of MedicineGoing fully digital from the start made more sense for ASAN because both hybrid workflow and a fully digital approach would require the same scope of infrastructure development
and fully digital workflow allowed for a reduction in time to diagnosis
and pathologists can start reading two hours earlier than before
allowing them the time to focus on other tasks
She points out tight integration of the EHR and image management system (IMS) is essential
and that the entire workflow needs to be transformed because traditional pathology processes are designed for the analog method
Philips is an experienced and trusted end-to-end partner of choice before
during and after digital transformation with workflow planning
training and support for a smooth transformation to digital pathology
Philips demonstrated that it is committed to quality
and the Philips team works to innovate in digital pathology by truly listening to the pathologists' feedback
Digital pathology at ASAN has led to decreased time to diagnoses
supports increased clinical confidence for clinicians and is valued by the department for its positive effect on workflow and work-life balance for staff