MEDIAN Technologies announces new awarded projects and a new contract for image interpretation and management in clinical trials totaling €5.31M:
Five projects awarded* including three Phase III studies sponsored by American biotech companies and by two Top 25 pharmaceutical companies.
A contract signed for a Phase Ib/II study sponsored by an American biotech company.
MEDIAN Technologies (ALMDT), a leading medical imaging solutions and service provider for image interpretation and management in oncology clinical trials, cancer screening programs and routine practice in oncology, announced today that it has been selected to provide imaging solutions and services for six new clinical studies in oncology. These six new projects total approximately €5.31M and include the following:
• Awarded projects:
The six studies are sponsored by major US West Coast based biotech companies that specialize in oncology and immuno-oncology and that are new MEDIAN Technologies’ clients, and by two Top 25 pharmaceutical companies, one of which is a new client for MEDIAN Technologies.
“These different projects are representative of a number of major factors supporting MEDIAN Technologies’ development in the oncology clinical trial market,” said Jerome Windsor, VP Business Development Pharma. “These factors are first the growing number of projects sponsored by biotech companies; second, MEDIAN’s increasing involvement in immuno-oncology trials, particularly clinical trials on molecules targeting PD1 receptors – a major area in research and development today- and, finally, the multiplier effect that phase III projects create in terms of business volumes.”
As of today and since January 1, 2015, MEDIAN Technologies’ order book for new awarded projects and contracts signed has grown to €9.6M compared to a figure of €9M for the entire year 2014.
*A project award is a notification announcing that the company’s solution has been selected for a specific project. This should result in a signed contract within 18 months, subject to upstream clinical results.