Polarean Imaging to submit NDA early in October
"The installation of new polarisers has continued and users of our systems are publishing research at an increased rate"
Company
LON:POLX
Polarean Imaging PLC and its wholly owned subsidiary, Polarean Inc., are revenue-generating, medical imaging technology companies operating in the high-resolution medical imaging space. Polarean aspires to revolutionize pulmonary medicine by bringing the power and safety of MRI to the respiratory healthcare community in need of new solutions to evaluate lung function, diagnose disease, characterize disease progression, and monitor response to treatment.
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"The installation of new polarisers has continued and users of our systems are publishing research at an increased rate"
The company has developed a drug-device combination which uses hyperpolarised 129-Xenon gas MRI
Over 40 abstracts underlining the potential of hyperpolarized Xenon 129 have been accepted for the virtual events
The medical imaging firm said it is focused on preparing its new drug application submission to the US regulator and is “hopeful” of receiving regulatory approval in the second half of 2021
One of the new investors that joined in the placing is Bracco Imaging, part of Italy’s multinational Bracco Group and a world leader in diagnostic imaging
Dr Allis is currently the founder and chief executive officer of Blue Earth Diagnostics, which was recently acquired by Bracco Imaging for US$450mln
The company said it expects to submit a new drug application (NDA) for its drug/device in the third-quarter after what’s called a pre-NDA meeting with the US Food & Drug Administration
The University of Iowa Hospitals and Clinics is Iowa's only comprehensive academic medical centre;
The order for the 9820 Xenon Polariser system was from the University of British Columbia
The company is aiming to show in the trials that its drug-device combination, which uses a type of Xenon gas in MRI machines, is as good as current methods for diagnosing breathing problems
Hardware & electrical equipment
Amphion had pledged the shares as security against a loan and had no say in the decision to sell the shares
Hardware & electrical equipment
Amphion's institutional lender has agreed to allow the loan maturity date of the loan to be pushed back by a year to next September
"We have now entered a crucial period for the company as the clinical trials near completion"
The new unit will expand the research at the hospital and bring Polarean’s total number of the installed and on-order polarisers to 24
MRI scans generally aren't much use when assessing lung function, but Polarean has developed a way in which a small amount of inert gas can change that
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“We are now entering a crucial period in Polarean's development and I look forward to providing our shareholders with further updates as appropriate," said chief executive Richard Hullihen.
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