MEDIAN Technologies Announces New €633,000 Study Award
MEDIAN Technologies accelerates its business development with a newly awarded project for image management in a phase II clinical trial for prostate cancer.
MEDIAN Technologies (ALMDT), a leading medical imaging software solutions developer and a service provider for image interpretation and management in oncology clinical trials, announced today it has been selected to provide imaging solutions and services in a phase II clinical trial for prostate cancer. This trial is sponsored by a global biopharmaceutical company.
“We are very proud of this new success with one of the leading pharmaceutical companies worldwide. This project clearly reinforces our strategy, strengthens our commercial positioning, and further demonstrates the growing interest of major biopharmaceutical groups for our cutting-edge imaging technologies,” said MEDIAN’s Chief Executive Officer, Fredrik Brag.
Within the frame of the study, MEDIAN will provide a wide range of imaging services, from trial-specific imaging procedures and charters to image quality control. MEDIAN will also manage the image independent reviews performed by radiologists using the MEDIAN LMS platform. Based on proprietary image processing algorithms, LMS makes the analysis and interpretation of medical imaging data more reliable, less reader-dependent, and easier to accomplish.
As part of the project, imaging data will be acquired in more than 80 clinical sites located in 18 countries worldwide. Anticipated total enrollment is 250 patients with a forecasted project start by year end.
The amount of the project is estimated at €633,000 (eq. $853,000) for MEDIAN.
This new award builds on the growing success of the company. On March 1, MEDIAN announced the company was selected as an imaging solutions provider for a phase II clinical trials involving more than 100 investigator sites worldwide for a total project amount of €1.4 M (eq. $1.8 M).
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.”