NEW YORK, March 16 /PRNewswire-FirstCall/ -- IMPATH Inc. (OTC Pink Sheets: IMPHQ.PK) today announced that it has entered into an agreement with Cell Analysis under which IMPATH will provide Cell Analysis' Quantitative Cellular Assessment ("QCA") system exclusively to IMPATH's clients. IMPATH anticipates launching the QCA system in the marketplace early in the second quarter of 2004. Specific terms of the agreement were not disclosed.
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Cell Analysis' QCA system has received FDA clearance for estrogen receptor ("ER") markers in breast cancer and is expected to receive clearance for the oncoprotein, Her2/neu, later this year. In addition, the system has been designed to analyze all nuclear, membranous and cytoplasmic immunohistochemical ("IHC") markers. The QCA system objectively analyzes tumor cells for predictive and prognostic markers using quantitative image analysis of nuclear and membrane antigens enabling more precise, targeted therapeutic decision-making.
"We are delighted to be working with IMPATH, a leader in cancer diagnostics," said Joel Herm, CEO of Cell Analysis. "QCA is an important new technology that can help improve the quality of information available to pathologists, researchers and oncologists, so they can make the best decisions for their patients. We believe that QCA enhances the current standard of care in IHC evaluation. It provides physicians with an effective tool in the selection of appropriate chemotherapy on a patient-specific basis. Further, we believe the QCA system is the most affordable and easy-to-use system available."
Carter H. Eckert, Chairman and CEO of IMPATH, added, "IMPATH is dedicated to providing the latest technological innovations to our clients. Cell Analysis' QCA system and built-in quality control of IHC stained tissue slides facilitates reproducibility and rapid turnaround while removing the clinician's perceived limitation of manual inspection. We are extremely pleased to have the ability to offer this FDA-cleared technology, on a commercial basis, exclusively to our clients."
About Cell Analysis
Cell Analysis is a privately held life sciences company that develops today's most affordable, easy-to-use image analysis tools for studying cancer cells. The company's Quantitative Cellular Assessment (QCA) system is in clinical and research use to analyze cancerous tumors of the breast, colon and stomach at premier institutions nationally. QCA has received FDA clearance for estrogen receptor (ER) markers in breast cancer and is expected to receive clearance for Her2/neu later this year.
IMPATH is in the business of improving outcomes for cancer patients. IMPATH Physician Services uses sophisticated technologies to provide patient-specific cancer diagnostic and prognostic services to more than 9,000 pathologists and oncologists in over 2,400 hospitals and oncology practices. Utilizing its comprehensive resources, IMPATH Predictive Oncology serves genomics, biotechnology and pharmaceutical companies involved in developing new therapeutics targeted to specific, biological characteristics of cancer.
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