SOPHIA ANTIPOLIS, France, July 11, 2011 —MEDIAN Technologies today announced the signature of
a strategic partnership agreement with Canon Inc. to co-develop and bring to market new products
and services in the field of Computer-Aided Diagnosis/Detection (CAD) to be delivered as cloud
computing based managed services for the hospital and the pharmaceutical market.
In order to strengthen its long term commitment to the partnership Canon Inc. is acquiring a 15%
stake (on a fully diluted basis) in MEDIAN Technologies representing a total investment of 8.6M€.
The transaction is done through:
i) The subscription of 223.464 newly issued shares at a price of 8.95€ per share or a total
consideration of 2M€,
ii) The acquisition of 738.360 existing shares from the historical investors and the founders, who
agreed to sell a small amount of their shares to make this deal possible.The total amount of
outstanding shares after this transaction, is 5.812.302.
To further demonstrate its long term commitment, Canon Inc. has agreed to a 12 months lock up on
its shareholding and MEDIAN Technologies has offered a seat on its board to Canon.
The strategic partnership agreement outlines a collaboration framework that will focus on the
following areas:
- Canon Inc. and MEDIAN Technologies intend to develop new products and services in the
specific technological domains of Computer-Aided Diagnosis/Detection (CAD). In addition to
the enhancement of current products, this partnership aims to bring to market new
diagnostic and monitoring solutions in oncology as well as developments in other therapeutic
domains such as neurodegenerative and cardiovascular diseases.
Medical imaging « Biomarkers » are the key to cancer detection and treatment
- Canon Inc. and MEDIAN Technologies will work together to make these solutions available
through a cloud computing Software as a Services (SAAS) offering to hospitals and the
pharmaceutical market.
- MEDIAN Technologies will focus on developing imaging solutions for the pharmaceutical
market including companion/monitoring tests for clinical routine. Canon Inc. will explore the
development of new solutions, which include MEDIAN’s CAD applications, for the hospital
market segment on a global basis. In particular, Canon Inc. aims to establish major clinical
partners both in Japan and the U.S. for testing new imaging solutions which will be
developed through the partnership.
MEDIAN Technologies CEO Fredrik Brag said: “We are delighted to engage in a long term partnership
with Canon with the goal to develop new products in oncology and to expand into new therapeutic
areas while being distributed on a global basis. MEDIAN will also benefit from Canon’s expertise and
infrastructure to provide cloud computing services. This is a major step for us to further expand our
product offering, market reach and our IPO’s commitments”.
Takashi Mori, Chief, Canon Inc. Medical Imaging Project, said: “Canon has identified medical imaging
as a key area of focus and we are continuously developing innovative solutions that will have a
significant impact on patient care. Our solutions emphasize improvements in the quality, safety and
accessibility of patient care. This partnership with MEDIAN Technologies is a prime example of our
commitment to helping physicians to perform better based on clinically proven evidence. We are
excited about delivering enhanced medical imaging solutions through this strategic partnership to
expand horizons for both parties.”
Medical imaging « Biomarkers » are the key to cancer detection and treatment
About MEDIAN Technologies
MEDIAN Technologies was founded in 2002 by Fredrik Brag (the current Chairman and CEO), Gérard Milhiet
and Arnaud Butzbach. It is based at Sophia Antipolis (in the south of France) and has a subsidiary in the USA.
The company currently has a staff of 40, over half of whom work in R&D. MEDIAN Technologies offers solutions
and services for diagnosing and monitoring cancer patients. It is targeting both the oncology clinical trials
market (its prime market) and the patient care market. MEDIAN Technologies collaborates with institutes at
the cutting edge of medical imaging, including the French National Institute for Computer Science and Control
(INRIA), Chicago University and the Swiss Federal Institute of Technology in Lausanne, Switzerland (EPFL).
MEDIAN Technologies has been present in the market since 2007 through direct sales of its lesion management
solutions and alliances with specialist cancer centers in Europe and the USA.
For more information about MEDIAN, visit www.mediantechnologies.com.
About Canon Inc.
Canon Inc. (NYSE: CAJ), headquartered in Tokyo, Japan, is a leader in the fields of professional and consumer
imaging equipment and information systems. Canon’s extensive range of products includes copying machines,
inkjet and laser printers, cameras, video equipment, medical equipment and semiconductor-manufacturing
equipment. Originally established in 1937 as Precision Optical Industry, Co., Ltd., a camera manufacturer,
Canon has successfully diversified and globalized to become a worldwide industry leader in professional and
consumer imaging systems and solutions. With over 195,000 employees worldwide, Canon has manufacturing
and marketing subsidiaries in Japan, the Americas, Europe, Asia and Oceania; and a global R&D network with
companies based in the United States, Europe, Asia and Australia. Canon’s consolidated net sales for fiscal 2010
(ended December 31, 2010) totalled US$45.8 billion (at an exchange rate of ¥81 = US$1). Visit the Canon Inc.
website at: www.canon.com/index.html
Press contacts
MEDIAN Technologies
Fredrik Brag, CEO
+33 492 906 582
fredrik.brag@mediantechnologies.com
ALIZE RP
Caroline Carmagnol
+ 33 664 189 959 / + 33 142 688 643
caroline@alizerp.com
Anne-Sophie Cosquéric
+ 33 1 42 68 86 41
anne-sophie@alizerp.com