Polarean Imaging PLC New system order (5035B)
February 14 2022 - 1:59AM
UK Regulatory
TIDMPOLX
RNS Number : 5035B
Polarean Imaging PLC
14 February 2022
Polarean Imaging Plc
("Polarean" or the "Company")
New system order
Polarean Imaging plc (AIM: POLX), the medical--imaging
technology company, with an investigational drug--device
combination product using hyperpolarised xenon-129 gas to enhance
magnetic resonance imaging (MRI) in pulmonary medicine, announces
the Company has received an additional research unit order for a
Xenon Polariser system from McMaster University in Ontario, Canada.
The newest unit (version 9820) will supplement the University's
existing hyperpolarisation (129) Xe MRI research programme which is
currently using a prior Polarean model (version 9800).
The system will be installed in St. Joseph's Healthcare Hamilton
("SJHH"). SJHH is a member of the St. Joseph's Health System ("St.
Joseph's") , and is affiliated with McMaster University . St.
Joseph's is also home to the Firestone Institute for Respiratory
Health, which is an internationally regarded hospital-based
centre-of-excellence for adult pulmonary research and patient
care.
Richard Hullihen, CEO of Polarean, said: "We are excited that
this distinguished Canadian academic and research health centre is
extending its utilisation of our (129) Xe MRI technology. This new
addition to the University's hyperpolarised (129) Xe MRI research
programme will help to support its increasing volume of clinical
studies, from both academia and drug industry collaborators. We are
pleased to support these researchers' use of our platform as they
continue their efforts to advance pulmonary patient care."
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 / Samira Essebiyea / William Palmer-Brown
(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 membrane,
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. The Group
received a complete response letter on 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 economic burden of
pulmonary disease in the US is estimated to be over US $150
billion.
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END
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February 14, 2022 01:59 ET (06:59 GMT)
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