MEDIAN Technologies Announces €639K Phase III Project Award
MEDIAN Technologies will provide imaging services in an oncology phase III study led by a US specialty pharmaceutical company.
MEDIAN Technologies (ALMDT), a leading medical imaging software solutions developer and a service provider for image interpretation and management in oncology clinical trials, today announced that it has been selected to provide imaging services in a phase III clinical trial. The study is sponsored by a US-based specialty pharmaceutical company. The anticipated amount for the project is €639K (eq. $ 870,400).
“We are proud of this new project award [*] and enthusiastic about working with both our CRO strategic partner and the specialty pharmaceutical company sponsor on this phase III study” said Fredrik Brag, Chairman and Chief Executive Officer of MEDIAN Technologies. “This award further reinforces the value of our alliance and strengthens our commercial positioning,” he added.
Within the framework of the study, imaging data will be acquired from approximately two dozen clinical sites, based in Europe and Asia, with anticipated total enrollment of 200 patients and a start date forecasted in Q2, 2014. MEDIAN will provide clinical site qualification and training, image data collection, quality control, centralized data storage, and Independent Central Review (ICR) services. ICR services will be performed by radiologists using MEDIAN’s Lesion Management Solutions (LMS) software. LMS is a comprehensive suite of software modules for the review of images and quantitative assessment of response to therapy in clinical trials. MEDIAN LMS provide sponsors with very accurate and reliable imaging data.
[*] A project award notifies a company that their solution has been selected for a given project. A binding contract is then signed within the 18 months following the award, upon confirmation of the upstream clinical results.
About Median Technologies.
Median Technologies develops medical imaging software and services dedicated to oncology clinical trials, cancer screening, and clinical practice. Median Technologies standardizes and automates the interpretation of medical images in oncology to optimize the diagnosis of cancer patients and the assessment of their response to therapy. Median serves two primary markets: drug development and patient care. Median has a strategic partnership with the world’s largest CRO (Contract Research Organization) to offer integrated imaging services for clinical trials to biopharma sponsors worldwide, and a strategic partnership with Canon to develop new imaging technologies, and to address the patient care market.
Founded in 2002, Median Technologies is based in Sophia-Antipolis, France, and has a US subsidiary in Boston. Median has a global reach and actively works with clinical sites located in Asia, Europe, North and South America, and Australia.
Median has received the label “Innovative company” by the BPI and is listed on Euronext Paris’ Alternext market (ISIN: FR0011049824, ticker: ALMDT). The company is eligible for the PEA PME SME equity savings plan setup.
“We are committed to the improvement of cancer patient outcomes through innovation in medical imaging and quality execution for better screening, diagnosis, and monitoring of patients.”