Navigation Links
Naviscan® Announces Collaboration With Neoprobe Corporation to Enable Pipeline Technology Development

SAN DIEGO, Feb. 24, 2011 /PRNewswire/ -- Naviscan, Inc. announced that it has entered into an exclusive licensing agreement with Neoprobe Corporation (NYSE Amex: NEOP) as a partner to further develop its patented imaging technology.  While most of the patents in Naviscan's extensive intellectual property portfolio were designed to enable innovation in organ-specific molecular imaging, several more recently-allowed patents were devised to further broaden the company's product base. One such patent, now licensed to Neoprobe, enables a novel gamma ray detector, or a gamma probe, to translate gamma emission data into a 3-dimensional representation of a gamma-emitting source, such as a malignant lesion or tumor.

Maintaining its lead in the field of Molecular Breast Imaging, Naviscan continues to devote its resources to commercializing its current PET scanner and biopsy-guidance accessories, both optimized for breast imaging, and expanding its platform to other applications (e.g. head, neck, extremities, etc.).  Partnering with Neoprobe, a leader in 3-D gamma imaging, allows Naviscan technology to be developed in cancer surgical applications.

"Our expanding patent portfolio continues to strengthen our clinically-relevant, technology leadership while creating opportunities to build strategic partnerships, monetize our intellectual properties and, in turn, increase the company's valuation.  Toward that end, this licensing agreement provides an opportunity for Naviscan to work with a proven development partner in the gamma detection instrumentation space with a strong record of commercialization success," said Paul Mirabella, Chairman and CEO of Naviscan, Inc. "Neoprobe's competencies and resources are well-suited to build upon our 3-dimensional molecular imaging technology and realize its full value."  

"Our agreement with Naviscan provides an opportunity to augment our strategic positioning in the gamma detection space in partnership with a proven leader in the cancer imaging space.  We believe the 3-dimensional gamma imaging technology from Naviscan is a natural extension of our current line of gamma detection devices and enhances the opportunities in this technology category, while opening new opportunities to expand our product platform and advance pipeline development," said Mark Pykett, Executive Vice President and Chief Development Officer of Neoprobe. "The Naviscan platform allows Neoprobe to explore gamma detection products that could lead to new indications for Lymphoseek® and RIGScanTM CR.  Additionally, Naviscan 's 3-dimensional gamma camera technology could be optimized for surgical applications that may lead to improved diagnosis and care of patients with cancer and potentially patients with other diseases."

About Naviscan, Inc.

Naviscan, founded in 1995, develops and markets compact, high-resolution PET scanners intended to provide organ-specific molecular imaging and guide radiological and surgical procedures. The Naviscan PEM scanner is currently installed and available in breast and imaging centers throughout the U.S. and other parts of the world. The Company is headquartered in San Diego, California and is the first to obtain FDA-clearance for a high-resolution PET scanner designed to image small body parts and for breast biopsy image guidance. For more information, call 1.858.587.3641 or visit

About Neoprobe

Neoprobe is a biomedical company focused on enhancing oncology patient care and improving patient benefit.  Neoprobe currently markets the neoprobe® GDS line of gamma detection systems that are widely used by cancer surgeons.  In addition, Neoprobe holds significant interests in the development of related biomedical systems and radiopharmaceutical agents including Lymphoseek® and RIGScan™ CR.  Neoprobe's subsidiary, Cira Biosciences, Inc., is also advancing a patient-specific cellular therapy technology platform called ACT.  Neoprobe's strategy is to deliver superior growth and shareholder return by maximizing its strong position in gamma detection technologies and diversifying into new, synergistic biomedical markets through continued investment and selective acquisitions.

SOURCE Naviscan, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. West Appoints Two Directors and Announces Second Quarter 2011 Dividend
2. Video from Lundbeck available on Lundbeck Announces 2010 Results: Meet all Financial Expectations
3. Mindray Announces FDA 510(k) Clearance of Its A5 Anesthesia System
4. Anthera Announces Conference Call to Discuss Analytical Method and Timing of Upcoming VISTA-16 Biomarker Analysis
5. OrthoAccel Technologies, Inc. Announces New Scientific Advisor
6. Regeneron Announces March 2011 Investor Conference Presentations
7. Generex Announces New Treatment IND Site for the USFDA Expanded Access Treatment IND Program for Generex Oral-lyn™ in the United States
8. GeoVax Announces Publication of Phase 1 Clinical Trial in The Journal of Infectious Diseases
9. Stereotaxis Announces First Worldwide Use of Remote Magnetic Navigation for Renal Ablation to Treat Hypertension
10. Telik Announces Fourth Quarter and 2010 Year End Financial Results and 2011 Financial Guidance
11. MonoSol Rx, LLC Announces Suboxone Sublingual Film Achieves 25% Share of Total U.S. Suboxone Market Volume at Year-End 2010
Post Your Comments:
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Drug Monitoring (TDM) Market: Supplier Shares, ... Opportunities"  report to their offering.  ... the addition of the  "2016 Future ...
(Date:11/26/2015)... 26, 2015 Research and Markets ( ... "2016 Future Horizons and Growth Strategies in ... Shares, Country Segment Forecasts, Competitive Intelligence, Emerging Opportunities" ... --> --> This new ... Italian therapeutic drug monitoring market, including emerging tests, ...
(Date:11/25/2015)... , Nov. 25, 2015 ... addition of the "Global Brain Monitoring ... offering. --> ) has ... Brain Monitoring Devices Market 2015-2019" report ... and Markets ( ) has announced ...
Breaking Medicine Technology:
(Date:11/27/2015)... Viejo, CA (PRWEB) , ... November 27, 2015 , ... ... for use in Final Cut Pro X. With ProSidebar: Fasion, video editors can ... or use ProSidebar as a minimalist title opener. Utilize presets featuring self-animating drop ...
(Date:11/27/2015)... , ... November 27, 2015 , ... A simply groundbreaking ... is an interesting show that delves into an array of issues that are presently ... could benefit from open dialogue, this show is changing the subjects consumers focus on, ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... ... the largest, most successful and prominent nonprofit healthcare organizations in the country. They ... involvement with various organizations, and helped advance the healthcare industry as a whole ...
(Date:11/26/2015)... ... November 26, 2015 , ... Patients at Serenity Point Recovery, ... together on Thanksgiving Day to share the things that they are most grateful ... Point YouTube channel, patients displayed what they wrote on index cards, describing the ...
(Date:11/26/2015)... ... 2015 , ... The Catalent Applied Drug Delivery Institute today ... dose form selection in early phase drug development. The first of these is ... together the UK’s emerging life sciences companies, corporate partners, and investors, at Milton ...
Breaking Medicine News(10 mins):