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MEDIAN Technologies Announces Two New Project Awards For A Total Amount Of €410,000

11/27/2013 9:53:11 AM

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Sophia Antipolis, France – November 27, 2013 – MEDIAN Technologies (ALMDT), a leading medical imaging software solutions developer and a service provider for image interpretation and management in oncology clinical trials, today announced that it has been selected to provide imaging solutions and services in two phase II clinical trials for Hepatocellular Carcinoma (HCC). These two trials are sponsored by a global biopharmaceutical company.

As part of the projects, imaging data would be acquired in 55 clinical sites based in 5 Asian and 5 European countries. Anticipated total enrollment would be 210 patients with forecasted clinical trial starts in early 2015.

For the first study, MEDIAN will provide imaging services, enabling imaging data collection and quality control. For the second study, MEDIAN will also provide image independent review services performed by radiologists using the MEDIAN LMS platform. MEDIAN LMS is a unique solution for the review of images and quantitative assessment of response to therapy in clinical trials.

The anticipated amount for the two projects, awarded through MEDIAN alliance with its strategic CRO partner, is € 410,000 (eq. $ 554,000).

“We are proud of these new successes in Europe and Asia as it demonstrates the trust our biopharmaceutical clients have in our worldwide operational capabilities” said Nicolas Dano, Director of Business Development Europe and Asia. Since the beginning of 2013, MEDIAN Technologies has recorded €4.3M (eq. $5.8 M) of orders, including €1,0M of firm orders and €3.3M of project awards*.

[*] A project award notifies a company that their solution has been selected for a given project. A binding contract is then signed within the 18 months following the award, upon confirmation of the upstream clinical results.

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