Bio-Imaging Technologies Signs Collaborative Agreement with LUMC/LKEB in Netherlands to Develop Quantitative CTA Software.NEWTOWN, Pa. -- Bio-Imaging Technologies, Inc. ("Bio-Imaging") (NASDAQ/NMS: BITI BITI Bio-Imaging Technologies, Inc. (stock symbol) ) today announced that it has entered into a collaborative agreement with Division of Image Processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished ("LKEB") at the Department of Radiology at Leiden University Medical Center The Leiden University Medical Center (Dutch: Leids Universitair Medisch Centrum) or LUMC, is the university hospital affiliated with Leiden University, of which it forms the medical faculty. ("LUMC LUMC Leids Universitair Medisch Centrum LUMC Leiden University Medical Center LUMC Loyola University Medical Center LUMC Lakewood United Methodist Church LUMC Littleton United Methodist Church (Littleton, Colorado) "), Leiden, The Netherlands. LKEB will develop clinical software for the quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of CT angiography angiography or arteriography X-ray examination of arteries and veins with a contrast medium to differentiate them from surrounding organs. The contrast medium is introduced through a catheter to show the blood vessels and the structures they supply, including ("CTA An abbreviation for cum testamento annexo, Latin for "with the will annexed." ") for Bio-Imaging's exclusive use in clinical trials. The CTA software will be tailored to the needs of Bio-Imaging's use of the software within the highly regulated clinical trials industry, including the need for comprehensive reporting and complete audit trails. Mark L. Weinstein, President and Chief Executive Officer of Bio-Imaging, said, "Bio-Imaging has a long-standing relationship with LKEB and the Leiden University Medical Center. Prof. Johan H.C. Reiber, Ph.D., is the Director of LKEB, Department of Radiology, and a member of our Scientific Advisory Board. This collaborative agreement further strengthens the relationship between Bio-Imaging and LKEB and continues our strategy of introducing new image analysis services and expanding our therapeutic expertise in the cardiovascular area." Prof. Reiber, Director of LKEB stated, "This agreement will ensure that Bio-Imaging remains on the cutting edge of imaging technology. In the past few years LKEB has developed several useful tools for quantitative analysis: the segmentation of vessel trees and vessel segments after the positioning of seed points, the quantitative analysis (diameter, area and stenosis stenosis /ste·no·sis/ (ste-no´sis) pl. steno´ses [Gr.] stricture; an abnormal narrowing or contraction of a duct or canal. measurements) of vessel segments, and quantitative analysis of in-stent restenosis in-stent restenosis Interventional cardiology Scar-induced reclosure of a previously stenosed coronary artery, a complication seen in ±20% of Pts undergoing stent placement for CAD. See Coronary artery disease, Stent. Cf Late stent thrombosis. in peripheral vessels (which was specifically developed for an in-stent restenosis study at Bio-Imaging). We believe the software engineers at LKEB are among the best in the world and that their continued efforts will result in an elegant and useful package." Colin Miller Colin Miller can refer to:
John Blank, Managing Director of Bio-Imaging's European Operations, Leiden, remarked, "The location of our two organizations in Leiden facilitates the collaborative development of new quantitative imaging techniques. We value the close operational relationship with the Department of Radiology and the Division of Image Processing (LKEB) at Leiden University Medical Center and look forward to working with the outstanding team at LKEB on this project." About Bio-Imaging Bio-Imaging Technologies, Inc. is a healthcare contract service organization providing services that support the product development process of the pharmaceutical, biotechnology and medical device industries. The Company has specialized in assisting its clients in the design and management of the medical-imaging component of clinical trials since 1990. Bio-Imaging serves its clients on a global basis through its US Core Lab in Newtown, PA, its European Core Lab in Leiden, The Netherlands, and business offices in Massachusetts, the United Kingdom and Germany. Through its CapMed division, Bio-Imaging provides the Personal HealthKey(TM) technology and the Personal Health Record (PHR PHR Personal Health Record PHR Physicians for Human Rights PHR Professional in Human Resources PHR Public Health Reports PHR Partnerships for Health Reform Phr Phrygian (linguistics) PHR Presse Hebdomadaire Régionale ) software allowing patients to better monitor and manage their health care information. Copies of Bio-Imaging Technologies' press releases and other information may be obtained through Bio-Imaging's web site at www.bioimaging.com. About LKEB Leiden University's Division of Image Processing, also known as the Laboratory for Clinical and Experimental Image processing (Dutch abbreviation abbreviation, in writing, arbitrary shortening of a word, usually by cutting off letters from the end, as in U.S. and Gen. (General). Contraction serves the same purpose but is understood strictly to be the shortening of a word by cutting out letters in the middle, : LKEB), is a division of the Department of Radiology of Leiden University Medical Center. LKEB is involved with the research, implementation and validation of image processing approaches which allow the objective and reproducible assessment of objects in medical images using automated segmentation techniques. For further information, visit LKEB's website at www.lumc.nl. Certain matters discussed in this press release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the Company's financial projections, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstance. |
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