TIDMPOLX

RNS Number : 9322J

Polarean Imaging PLC

31 August 2021

Polarean Imaging plc

("Polarean" or the "Company")

Total Voting Rights

Polarean Imaging plc (AIM: POLX), the medical--imaging technology company, with a proprietary drug--device combination product using hyperpolarised xenon-129 gas to enhance magnetic resonance imaging (MRI) in pulmonary medicine, announces that the total number of shares in issue and total voting rights as at the date of this announcement is 209,073,166 ordinary shares of GBP0.00037 each.

The total issued share capital of the Company consists of 209,073,166 Ordinary Shares. This number may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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, medical drug-device combination companies operating in the high resolution medical imaging market.

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 and gas exchange regionally in the smallest airways of the lungs, the tissue barrier between the lung and the bloodstream and in the pulmonary vasculature. Xenon gas exhibits solubility and signal properties that enable it to be imaged within other tissues and organs.

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 diagnostic approach, offering a non-invasive and radiation-free functional imaging platform which is more accurate and less harmful to the patient than current methods. The annual burden of pulmonary disease in the US is estimated to be over US$150 billion.

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August 31, 2021 02:00 ET (06:00 GMT)

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