Navigation Links
Novadaq Resumes Normal Business Operations by Securing ICG for SPY
Date:10/4/2007

Akorn Receives Approval for Alternate ICG Manufacturing Site

TORONTO, Oct. 4 /PRNewswire-FirstCall/ - Novadaq(R) Technologies Inc. (TSX: NDQ), a developer of real-time medical imaging systems and image guided therapies for the operating room, today announced has received a sufficient supply of ICG to immediately resume normal business operations. Akorn, Inc. (Buffalo Grove, Ill) currently the exclusive suppliers of indocyanine green (ICG) in the United States (US) announced on September 26, 2007 that they had have received a long awaited approval for their alternate ICG manufacturing site from the US Food and Drug Administration (FDA). The approval resolves all issues related to the short supply of ICG, which has adversely affected all users of ICG since March of 2007.

"As expected, the time it took to secure the new supply of ICG did break some of our momentum. Some of our customers chose to wait to place orders until the new ICG was introduced," said Dr. Arun Menawat, President and CEO. "However, now that we have resumed our normal operations our sales team is executing on the pipeline of new potential installs and I am pleased with their progress".

Novadaq understands that a second supplier of ICG plans to enter the US market before the end of 2007 which should further reduce the future risk of short supply. Novadaq's policy is to where ever possible secure more than one supplier for any of its products such as the SPY System, where two suppliers are qualified and currently able to deliver devices.

About Novadaq Technologies

Novadaq Technologies Inc. (TSX: NDQ) develops and commercializes medical imaging systems and real-time image guided therapies for use in the operating room. Novadaq's proprietary ICG imaging systems can be used to visualize blood vessels, nerves and the lymphatic system during a variety of surgical procedures. Novadaq's SPY(R) Imaging System, commercially available worldwide, enables cardiac surgeons to visually assess coronary vasculature and bypass graft functionality during the course of heart bypass surgery. The SPY System is expandable to include upgrade kits for use during other surgeries such as plastic, reconstructive and organ transplant surgery allowing surgeons to evaluate blood flow and tissue and organ perfusion. In addition, SPY is ideal for use during urological procedures enabling surgeons to visualize vessels, tumors, the lymphatic system and potentially nerve bundles. Novadaq's OPTTX(R) System is aimed at the diagnosis, evaluation and treatment of wet Age-related Macular Degeneration (AMD) by using the same core imaging technology that is used in the SPY Imaging System. Novadaq also offers the FDA approved PINPOINT(TM) endoscopic system for visualizing native tissue fluorescence which allows surgeons to differentiate between healthy and cancerous tissue in the lung during thoracic surgery. Novadaq is also the exclusive United States distributor of PLC Medical's CO2 HEART LASER(TM) System for TMR (Trans-Myocardial Revascularization). For more information, please visit the company's website at http://www.novadaq.com.

Certain statements included in this press release may be considered forward-looking. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on Novadaq's current beliefs as well as assumptions made by and information currently available to Novadaq and relate to, among other things, anticipated financial performance, business prospects, strategies, regulatory developments, the market entry (and timing thereof) of additional suppliers of ICG, market acceptance and future commitments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by Novadaq in its public securities filings; actual events may differ materially from current expectations. Novadaq disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


'/>"/>
SOURCE Novadaq Technologies Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. ‘Bird flu-free’ India resumes egg expors
2. Obese children may have abnormalities of lipoproteins
3. Inflammatory bowel disease linked to genetic abnormality
4. Anti-Cancer Drug Restores Normal Cell Growth
5. Dyslexia due to cerebellum abnormality
6. Cleft lip and palate are due to abnormality in brain structure
7. Early Detection Of Facial Abnormalities in a Fetus
8. Abnormal Brain Structure One Of The Reasons For Depression in Adolescents
9. Antidepressants Could Lead To Abnormal Bleeding
10. Test for prenatal chromosomal abnormalities using cervical swab
11. People with abnormal heart rhythms must avoid fish oil
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... ... May 02, 2016 , ... As directed by its board of ... issues its full support to allow certified nurse practitioners (CNP) to practice to the ... worked under such supervision for three years and 3,600 hours. , In addition, HAP ...
(Date:5/2/2016)... ... 02, 2016 , ... Amica Life Insurance Company has unveiled ... throughout various life stages. , The site launched on April 1, and it ... specific to the times when life insurance matters most. , “Through our research, ...
(Date:5/2/2016)... ... ... Dr. Philip Shindler, dentist in Agoura Hills , now offers E4D ... necessary dental treatments could require multiple appointments to complete. This could mean taking time ... Not only could this be inconvenient, but it could also be overwhelmingly unpleasant for ...
(Date:5/2/2016)... ... May 02, 2016 , ... Further establishing itself as a leader in natural ... Variety Value Boxes were selected from over 1,000 entrants as a winner and recipient ... natural dental chews for dogs are a favorite product among pet-parents worldwide, as each ...
(Date:5/2/2016)... NEW PORT RICHEY, Fla. (PRWEB) , ... ... ... Pharmacology experts and medical researchers report that many commonly used prescription medications, ... memory loss (1). To mitigate these risks, Novus Medical Detox Center ...
Breaking Medicine News(10 mins):
(Date:4/28/2016)... April 28, 2016 TapImmune,Inc. ... innovative peptide and gene-based immunotherapeutics and vaccines for the treatment ... presenting at the 3rd Annual Growth Capital Expo ... , 2016 at Caesars Palace in Las Vegas, Nevada.  ... Wednesday, May 4 th by Dr. John N. ...
(Date:4/27/2016)... PARIS , le 27 Avril 2016 /PRNewswire/ ... chiffre d,affaires a progressé de +5% sur le ... ventes récurrentes de consommables  Croissance de ... Mauna Kea Technologies (Euronext : ... multidisciplinaire d,endomicroscopie confocale laser, annonce aujourd,hui son chiffre ...
(Date:4/27/2016)... 27, 2016   Zillion Group today ... technology platform, which specializes in live video consultation. ... digital products, Zillion enables companies to realize the ... to take control of their health. ... – including one-to-one, group and webcast scheduled or ...
Breaking Medicine Technology: