Frost & Sullivan Award Recognises MediCult's Innovative In-vitro Maturation Procedure.LONDON -- In recognition of its successful development of the pioneering in-vitro maturation (IVM See Investment Valuation Model. ) procedure, Denmark-based MediCult has been selected to receive the 2005 Frost & Sullivan Technology Innovation Award for the European infertility infertility, inability to conceive or carry a child to delivery. The term is usually limited to situations where the couple has had intercourse regularly for one year without using birth control. treatment markets. IVM has the ability to dramatically transform infertility treatment solutions with Frost & Sullivan estimating that IVM will account for seven to eight per cent of the total infertility treatment procedures worldwide by 2010. "A promising advance in the field of assisted reproductive technology Assisted reproductive technology (ART) is a general term referring to methods used to achieve pregnancy by artificial or partially artificial means. It is reproductive technology used in infertility treatment, which is the only application routinely used today of (ART), IVM will be more successful compared to conventional IVF IVF in vitro fertilization. IVF abbr. in vitro fertilization IVF 1 In vitro fertilization, see there 2. Intravascular fluid procedures due to its better safety profile, convenience and potential cost effectiveness," remarks Frost & Sullivan Healthcare Analyst Himanshu Parmar. It will remain the cornerstone of the firm's future products and solutions for many years." MediCult launched IVM in December 2003 with the company devoting 2004 and 2005 to training. While clinics in Denmark, Sweden and Finland have received instruction in IVM usage, workshops and training have also been conducted in China, Taiwan, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , India, Poland and Italy. There are plans to continue training in Jordan, Germany, Italy, Denmark and the United States over the course of this year. Recognising the pressing need to offer infertile in·fer·tile adj. Not capable of initiating, sustaining, or supporting reproduction. infertile, adj unable to produce offspring. couples cost-effective and convenient alternatives, MediCult has invested significant time and resources in developing this innovative procedure. From a medical viewpoint, IVM treatments will benefit infertile couples due to the advantages it offers in eliminating or minimising the side effects Side effects Effects of a proposed project on other parts of the firm. caused by hormone treatment. Also, as increasingly restrictive reimbursement systems limit the access to costly infertility treatment procedures, MediCult has become one of the first ART products and procedure developers to provide an economical infertility treatment solution - IVM - that allays the cost concerns of infertile couples. "While positively impacting the firm's business, MediCult's leveraging of its product and ART procedure innovation capabilities have also raised the benchmark for its competitors," concludes Mr. Parmar. "MediCult is deserving of this award for the significance IVM holds for the future of the infertility treatment in Europe." About Frost & Sullivan Frost & Sullivan, a global growth consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. , and demographics. For more information, visit http://www.frost.com. |
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