New Study Utilizing Imatron's Ultrafast CT Identifies $5 Billion Potential Emergency Room Annual Cost Savings.SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.--(BW HealthWire)--Jan. 7, 1999-- Electron Beam CT in the Evaluation of Emergency Department Chest Pain Patients a "Rapid and Efficient Screening Tool" Imatron Inc. (Nasdaq:IMAT iMAT Isolated Mode Antenna Technology (Skycross) IMAT Intensity-Modulated Arc Therapy IMAT Interactive Multimedia Arts and Technologies Association IMAT Interactive Multisensor Analysis Training ) announced today that the January 1, 1999 edition of the "Annals of Emergency Medicine The Annals of Emergency Medicine is a peer-reviewed medical journal. It is the official journal of the American College of Emergency Physicians (ACEP). See also
" reported an important new study conducted at the Mayo Clinic in Rochester, Minnesota regarding the role of Imatron's Ultrafast CT(R) in the evaluation of Emergency Department chest pain patients. According to the study, $10 billion to $13 billion annually is spent on admitting patients to the hospital for the workup work·up n. Abbr. w/u A thorough medical examination for diagnostic purposes. of suspected, but unconfirmed, coronary syndromes. Of those patients admitted for chest pain evaluation, only a small percentage have experienced a myocardial infarction (heart attack) and, furthermore, 2 to 10 percent of those patients discharged from the Emergency Department have actually experienced a heart attack. This important paper reports on a pilot study of 100 patients scanned by Imatron's Electron Beam CT (EBCT) coronary artery scan (CAS), together with the standard battery of diagnostic tests. In a subsequent analysis of the results, Dr. Laudon, Emergency Medicine Specialist at the Mayo Clinic, and his co-investigators found that "the negative predictive value The negative predictive value is the proportion of patients with negative test results who are correctly diagnosed. Worked example
Condition (as determined by "Gold standard") True False of EBCT for predicting significant coronary artery disease coronary artery disease, condition that results when the coronary arteries are narrowed or occluded, most commonly by atherosclerotic deposits of fibrous and fatty tissue. was 100 percent." This 100 percent sensitivity of the Coronary Artery Scan for identification of acute myocardial infarction acute myocardial infarction ( Department with angina-like chest pain who have normal initial cardiac enzymes and normal or indeterminate electrocardiographic electrocardiographic emanating from or pertaining to electrocardiography. electrocardiographic monitoring maintenance of a more or less continuous surveillance of a patient's cardiac status by means of electrocardiography. findings may be able to be effectively triaged by EBCT images of their coronary arteries. Our data suggest that a negative EBCT scan may allow discharge of the patient from the Emergency Department without further testing..." According to S. Lewis Meyer, President 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 Imatron, "This landmark publication of data could revolutionize the way in which patients are worked up in the emergency room. The authors of the Mayo Clinic study state that "the cost of EBCT is only a fraction of other diagnostic tests." The study reported that 54 percent of patients could have been discharged on the basis of Imatron's Coronary Artery Scan results without further testing and that "substantial cost savings could be achieved." This means that of the 1,500,000 patients admitted for chest pain evaluation and observation in the United States each year, 800,000 patients could be discharged after scanning by Imatron's Ultrafast CT, resulting in potential savings of more than $5 billion in healthcare costs annually. We believe that these findings underline the importance of EBCT to physicians at all major medical institutions who are searching for practical methods to control costs while delivering optimum healthcare to those who need it." Imatron, Inc. is primarily engaged in designing, manufacturing, marketing, and supporting high performance computed tomography (CT) scanners based on the Company's proprietary scanning electron beam technology In electron beam technology, an electron beam is applied to do some useful work. Given the wide range of energies and intensities of electron beams that can be generated, the range of applications is equally large:
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Except for the historical information contained herein, the matters discussed in this news release may contain forward-looking statements that are based on current expectations and estimates about the industry in which Imatron operates, the estimated impact of certain technological advances, the estimated impact of published research studies on scanner sales and procedures, as well as management's beliefs and assumptions. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially include, among others: failed clinical demonstration of certain asserted technological advantages and diagnostic capabilities; reliance on product distributors; competition in the diagnostic imaging market; failure to improve product reliability or introduce new product models and enhancements; delays in production and difficulty in obtaining components and sub-assemblies from limited sources of supply; inability to meet cash-on-delivery or prepayment terms from vendors; determinations by regulatory and administrative government authorities; patent expiration and denial of patent applications; the high cost of the scanner as compared to commercially available CT scanners; and the risk factors listed from time to time in the Company's Securities and Exchange Commission reports, including their reports on Form 10-K for their current fiscal year. |
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