Analogic Corporation to Develop and Manufacture Fluorescence Molecular Tomography Systems for VisEn Medical.Business Editors/High-Tech Writers PEABODY, Mass.--(BUSINESS WIRE)--June 7, 2004 Analogic Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALOG ALOG Army Logistician (Magazine) ALOG Army Logistics ALOG Activity Log ALOG AWIS Logistics ) today announced that it has entered into an agreement to develop and manufacture innovative Fluorescence Molecular Tomography (FMT FMT Format FMT Fremont (Fremont, California) FMT FSW (Flight Software) Maintenance Team FMT Flame Maple Top FMT Full Mission Trainer FMT Fissile Material Treaty FMT Filtered Multitone ) imaging systems for VisEn Medical of Woburn, MA. FMT is part of the rapidly emerging field of molecular imaging, which enables molecular-level visualization of early-stage disease states and processes. FMT systems are being developed initially for drug development and research applications. Lothar Koob, Executive Vice President of Analogic, noted current medical imaging modalities are used primarily to image later-stage disease morphologies. "Imaging at the molecular level represents a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. for the way diseases are identified, evaluated, and managed. With Analogic's considerable scientific and engineering resources, the Company is committed to advancing the frontiers of this emerging field. VisEn's proprietary imaging agent and system technology platforms represent a breakthrough in the ability to image at the molecular level, both in animals and in humans. We look forward to working with VisEn in advancing this important new medical imaging technology." Analogic has been developing technologies on the leading edge of medical imaging since it invented Instant Imaging Computed Tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. for an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customer some 30 years ago. Guy Mayer, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of VisEn, said, "Molecular optical imaging is rapidly establishing itself as a key pre-clinical and clinical imaging modality. We are thrilled to partner with Analogic, a recognized leader in the development of medical imaging components and systems, with a proven track record of reliability and performance. Analogic's expertise in imaging systems development, when combined with VisEn's strong market position in molecular agent and optical tomography platforms, will provide considerable benefit to our customers in the drug development and research communities." Terms of the agreement were not disclosed. VisEn Medical is developing proprietary imaging agent and optical tomography technology platforms that enable imaging at the molecular level, both in animals and in humans. The emerging field of molecular imaging enables molecular-level visualization of early-stage disease states and processes. The Company is focusing its development programs on the molecular imaging of diseases such as cancer, atherosclerosis, and rheumatoid arthritis. VisEn is headquartered in Woburn, Massachusetts. For further information please visit www.visenmedical.com. Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold primarily to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ), Patient Monitoring, Cardiovascular Information Management, and Embedded Multicomputing. For further information visit www.analogic.com. |
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