ALMDT Median Technologies

Median Technologies Inks a Research Collaboration Agreement for Lung Cancer Screening Programs With Xingtai People’s Hospital, Xingtai City, China

Regulatory News:

Median Technologies (Paris:ALMDT), The Imaging Phenomics Company® (Paris:ALMDT) announces today a research collaboration agreement with Xingtai People’s Hospital, Xingtai City, China. Within the frame of the agreement, Median’s MediScan® image analysis technology will be used to conduct lung cancer screening programs organized under the aegis of Xingtai People’s Hospital in Xingtai City. These programs are critically important to improving the health of the people of Xingtai City since the incidence of and mortality associated with lung cancer have increased dramatically in China and become a nationwide public health issue, giving rise to an increased burden on patients, healthcare professionals, and society.

Healthcare professionals at Xingtai People’s Hospital will use MediScan® for the identification and monitoring of suspicious nodules found in pulmonary CT scans of asymptomatic patients. Thanks to the use of MediScan® in screening programs by Xingtai People’s Hospital, the population of Xingtai will have access to cutting-edge software technology based on artificial intelligence principles, specifically designed to transform the identification and management of cancer lesions found in medical images.

Median’s Mediscan® technology provides advanced functionalities for the automated detection, quantification and follow up of various abnormalities, including suspicious pulmonary nodules, visible in CT images. The technology will enable Xingtai People’s Hospital health professionals to optimize the detection of pulmonary nodules in screened populations, enabling earliest detection of suspicious lesions in patients. Many medical reports and scientific publications show that early detection of lung cancer greatly increases the chances for successful treatment1.

‘’We are pleased to establish this important collaboration with Xingtai People’s Hospital. Recent reports estimate that in 2015, there were 4.3 million patients newly diagnosed with cancer and more than 2.8 million patient deaths in China, with lung cancer being the most common cancer and the leading cause of death2. A core value at Median is putting the patient first and as such we are developing innovative technologies aimed at supporting the identification, screening and monitoring of this important patient population,’’ said Jeanne Hecht, Chief Operating Officer at Median Technologies.

About Median Technologies: Median Technologies provides innovative imaging solutions and services to advance healthcare for everyone. We leverage the power of Imaging Phenomics to provide insights into novel therapies and treatment strategies Our unique solutions, MediScan® for Patient Care, Lesion Management Solution (LMS) for image management in clinical trials and iBiopsy® for imaging phenotyping, together with our global team of experts, are advancing the development of new drugs and diagnostic tools to monitor disease and assess response to therapy. Median Technologies supports biopharmaceutical sponsors and healthcare professionals around the world to quickly and precisely bring new treatments to patients in need, with an eye on reducing overall care costs. This is how we are helping to create a healthier world.

Founded in 2002, based in Sophia-Antipolis, France, with a US subsidiary in Boston, Median has received the label “Innovative company” by the BPI and is listed on Euronext Growth market (ISIN: FR0011049824, ticker: ALMDT). The company is eligible for the PEA-PME SME equity savings plan setup and has received the label Pass French Tech Promotion 2017-2018. Median Technologies has been awarded the 2017 Tech 40 Label, has joined the EnterNext Tech 40 Index and has been awarded the “Listed Company” prize, 2017 Deloitte/In Extenso Technology Fast 50 program. Median is a member of the Bpifrance Excellence Network. For more information: www.mediantechnologies.com

1 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5627048/

2 http://onlinelibrary.wiley.com/doi/10.3322/caac.21338/full

EN
07/12/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Median Technologies

Median Technologies: 1 director

A director at Median Technologies sold 14,000 shares at 3.161EUR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

Maria Vara
  • Maria Vara

Median Technologies: EUR23.5m capital raise extends runway into Q4 202...

Median Technologies successfully secured a capital raise via ABSA of EUR23.5m in total gross proceeds, priced at EUR1.66 (at ~18% discount to 20-day VWAP). The offering was oversubscribed, surpassing the initial EUR22m target, with 64% backed by existing shareholders, 2% by a public offering in Fra

Maria Vara
  • Maria Vara

Median Technologies: Launch of EUR22m capital increase to unlock EIB f...

Median Technologies has launched a EUR22m capital increase via a public offering of shares with warrants (ABSA), priced at EUR1.66 (at ~18% discount to 20-day VWAP), with 78% of the deal already secured via existing and new investors. The raise aimed to i) meet the drawing conditions of the Tranche

Maria Vara
  • Maria Vara

Median Technologies: EIB loan signed, tied to equity raise and debt re...

Friday post-market, Median announced the final sign of the EIB loan agreement of EUR37.5m, which has been structured in three tranches (EUR19m, EUR8.5m, EUR10m) and with several key conditions being set to access the first one. These include i) a capital increase of at least EUR16m (including issua

Maria Vara
  • Maria Vara

Median Technologies: CE mark filing keep eyonis on track, US launch be...

Yesterday post-market, Median announced that it has submitted the Class IIb CE marking filing for eyonis LCS, just a month after the FDA 510(k) submission, precisely sticking to the company's timeline guidance. Our confidence in a positive outcome remains high, as both submissions are underpinned b

ResearchPool Subscriptions

Get the most out of your insights

Get in touch