Naviscan PET Systems, Inc. Announces Strategic Relocation To San Diego, California
SAN DIEGO, Nov. 28 /PRNewswire/ -- Naviscan PET Systems, Inc., a privately held company that develops and manufactures high-resolution Positron Emission Tomography (PET) scanners, announced today that it will relocate its headquarters and commercialization efforts to San Diego, California.
"San Diego County possesses an enormously talented labor pool within the Life Science and high technology arena," commented Paul Grayson, CEO of Naviscan PET Systems, Inc. and a Managing Director of Sanderling Ventures. "The ability to tap into this pool was a key determinant in our decision to move Naviscan's manufacturing and commercialization efforts to Sorrento Valley. As a major biotech hub, San Diego is a logical choice to marry high technology and biotechnology."
"It's exciting to see a company of Naviscan's caliber relocate its commercialization operations to San Diego," said Warner Bonner, Vice President of Phase 3 Properties, Inc. Phase 3 specializes in providing real estate solutions to Life Science Companies.
Naviscan PET Systems, Inc. is the first company to obtain FDA clearance of a high-resolution PET scanner designed to image small body parts. The device was developed to help physicians and researchers diagnose and locate cancer, guide interventions, and advance new clinical therapies.
About Naviscan PET Systems, Inc.
Naviscan PET Systems, Inc., founded in 1995, designs and develops compact, high-resolution, positron emission tomography (PET) scanners that are intended to guide challenging radiological and surgical procedures. Naviscan has developed PET scanners employed in clinical research studies at the National Institutes of Health and other leading academic institutions. Results of these studies have been published in numerous peer-reviewed journals. The Company is headquartered in San Diego, California.
About Sanderling Ventures
Founded in 1979, Sanderling is among the oldest investment firms dedicated to building new biomedical companies. Sanderling demonstrates that significant companies are best built in close working partnerships with entrepreneurs.
Sanderling's unique approach combines a specialized investment focus with active management and long-term commitment to ensure the highest rates-of-return for both its entrepreneurs and investors. Sanderling Ventures, with offices in San Mateo and San Diego, CA, recently completed a Series B financing round in Naviscan. For more information on Sanderling Ventures and its portfolios please visit www.sanderling.com.
About Phase 3 Properties, Inc.
Phase 3 Properties was formed in September 2000 with the goal of specializing in the development, leasing and management of laboratory assets in selective biotech markets. Phase 3's services include tenant representation, investment sales, consulting and strategic planning. Phase 3 also offers expertise in the areas of development, joint ventures, creative financing, sale/leaseback transactions and synthetic leases. For more information please visit www.phase3properties.com.
Naviscan PET Systems, Inc.CONTACT: Paul Grayson of Naviscan PET Systems, Inc., +1-858-550-6061; orWarner Booner, of Phase 3 Properties, +1-858-546-0888; or Carolyn Hawley ofAtkins + Associates, +1-858-527-3484, for Naviscan PET Systems, Inc.