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median technologies (ALMDT) Details

MEDIAN Technologies S.A. provides medical imaging products and integrated services for diagnosing and monitoring cancer patients in routine clinical practice and clinical drug development. The company’s products include MEDIAN CTIS, a change paradigm for image interpretation and management; and lesion management solutions for diagnosing and treating cancer patients. It also offers lung cancer screening imaging, clinical trial imaging, and managed services, as well as companion and monitoring tests. MEDIAN Technologies S.A. has strategic partnership with Canon, Inc.; Kuwait Life Science Company; and Quintiles. The company was founded in 2002 and is based in Valbonne, France.

47 Employees
Last Reported Date: 05/28/14
Founded in 2002

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median technologies (ALMDT) Key Developments

MEDIAN Technologies S.A. Appoints Dr. Otello Stampacchia to the Board of Directors

MEDIAN Technologies announced that it has obtained commitments from thirteen non-affiliated and affiliated institutional investors to purchase approximately EUR 20.0 million of its common stock in a capital increase without preferential subscription right reserved to institutional investors led by New Enterprise Associates (NEA) pursuant to article L. 225-138 of the French commercial Code. MEDIAN Technologies has entered into a Subscription Agreement with each of the investors pursuant to which MEDIAN Technologies will sell an aggregate of 2,222,222 units at a price of EUR 9.00. Each unit is composed of one share of common stock and one warrant. The new shares will be fungible with MEDIAN's outstanding shares and, upon closing, will represent 36.83% of the share capital of MEDIAN Technologies and will correspond to a dilution of 26.91% for the existing shareholders. Dr. Otello Stampacchia, Investment Advisor at Omega Fund Management, who will join the Board of Directors of MEDIAN Technologies S.A. as part of transaction.

MEDIAN Technologies Announces EUR 422,000 Phase II Project Award

MEDIAN Technologies announced that it has been selected to provide imaging services in a new phase II clinical trial. The clinical trial is sponsored by a Top 20 pharmaceutical company and is for a highly aggressive cutaneous cancer type. The anticipated amount for the project is $582,000 equivalent to EUR 422,000 for the company. Within the framework of the study, imaging data will be acquired from approximately 50 clinical sites worldwide, with a start date forecasted in second quarter of 2014. The company will provide the whole set of imaging services including independent central review (ICR) services. ICR services will be performed by radiologists using the company’s Lesion Management Solutions (LMS) software. LMS is a comprehensive suite of software modules for the review of images and quantitative assessment of response to therapy in clinical trials. The company LMS provide sponsors with very accurate and reliable imaging data.

MEDIAN Technologies Signs Sales Contract with the University Hospital of Poitiers

MEDIAN Technologies announced it has signed a contract with the Poitiers University Hospital. The contract was concluded in the context of the patient care market, one of the two primary markets where MEDIAN Technologies is positioned and in which the company provides its Lesion Management Solutions LMS. Under this contract, the oncology imaging software application LMS will be primarily deployed in the Radiology Department of the hospital, and will be available on workstations connected to the PACS. MEDIAN LMS is a comprehensive suite of software modules for the review of images and the assessment of response to therapy of cancer patients. MEDIAN LMS will provide radiologists with new means to optimize patient diagnosis and treatment and will complete the catalog of expert imaging applications and tools available to physicians, including oncologists. LMS is a comprehensive suite of software solutions for the assessment of cancer patient response to therapy from medical images. MEDIAN LMS assists radiologists and oncologists to optimize the diagnosis, treatment and the follow-up of cancer patients.


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