Polarean Imaging PLC New System Installation (3720E)
07 July 2021 - 4:00PM
UK Regulatory
TIDMPOLX
RNS Number : 3720E
Polarean Imaging PLC
07 July 2021
Polarean Imaging Plc
("Polarean" or the "Company")
New System Installation
Polarean Imaging plc (AIM: POLX), the medical-imaging technology
company, with an investigational proprietary drug-device
combination product for the magnetic resonance imaging (MRI)
market, announces that it has completed the installation of its
9820 Xenon Polariser system for the University of Texas MD Anderson
Cancer Center ("MD Anderson Cancer Center").
MD Anderson Cancer Center is a world-renowned cancer research
and teaching hospital. This new hyperpolarisation system will
initiate their research programme using Xenon imaging in assessing
lung function as consequence of chemotherapy, immunotherapy,
antibiotics, radiation therapy, and their various combinations.
Richard Hullihen, CEO of Polarean, said: "We are excited to
partner with MD Anderson Cancer Center researchers who have been
instrumental in developing multiple medical imaging applications
for patients with cancer. We welcome them to the group of our
researchers pioneering the use of hyperpolarised 129 Xe in
assessment of pulmonary function across multiple patient
populations. This latest completion of installation expands the
clinical and public health frontiers of hyperpolarised xenon
imaging and will help continue the vital work in combatting lung
disease. "
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Polarean Imaging plc www.polarean.com / www.polarean-ir.com
Richard Hullihen, Chief Executive Via Walbrook PR
Officer
Jonathan Allis, Chairman
Stifel Nicolaus Europe Limited (NOMAD and
Sole Corporate Broker) +44 (0)20 7710 7600
Nicholas Moore / Ben Maddison / Samira Essebiyea (Healthcare
Investment Banking)
Nick Adams / Fred Walsh (Corporate
Broking)
Walbrook PR Tel: +44 (0)20 7933 8780 or polarean@walbrookpr.com
Paul McManus / Anna Dunphy Mob: +44 (0)7980 541 893 / +44
(0)7879 741 001
About Polarean ( www.polarean.com )
The Company and its wholly owned subsidiary, Polarean, Inc.
(together the "Group") are revenue-generating, investigational
drug-device combination companies operating in the high-resolution
medical imaging research space.
The Group develops equipment that enables existing MRI systems
to achieve an improved level of pulmonary function imaging and
specialises in the use of hyperpolarised Xenon gas ((129) Xe) as an
imaging agent to visualise ventilation. (129) Xe gas is currently
being studied for visualisation of gas exchange regionally in the
smallest airways of the lungs, across the alveolar tissue barrier,
and into the pulmonary bloodstream.
In October 2020, the Group submitted a New Drug Application
("NDA") to the FDA for hyperpolarised (129) Xe used to evaluate
pulmonary function and to visualise the lung using MRI. In December
2020, the Group received confirmation of acceptance of its NDA by
the FDA, with a target PDUFA action date of 5 October 2021.
The Group operates in an area of significant unmet medical need
and the Group's technology provides a novel investigational
diagnostic approach, offering a non-invasive and radiation-free
functional imaging platform. The annual burden of pulmonary disease
in the US is estimated to be over US$150 billion.
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END
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