E-Z-EM (NASDAQ:EZEM)
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From Dec 2019 to Dec 2024
E-Z-EM, Inc. (NASDAQ:EZEM) today announced that the Company has
received 510(k) clearance from the Food and Drug Administration (FDA)
for its EmpowerMRTM injector system—the
Company’s first product for the magnetic
resonance (MR) imaging market. Building on the Company’s
successful Empower family of CT injector systems, EmpowerMR has the same
easy-to-use interface and robust safety features as the other products
in the Empower injector line. EmpowerMR also employs several innovative
features designed to cope with the problem of electrical interference in
the magnetic field of the MR scanner.
Magnetic resonance imaging systems operate by detecting minute variances
in the alignment of molecules within certain tissues of the human body.
To detect these variances, MR systems create powerful magnetic fields,
and require the use of non-magnetic materials and components in the
immediate surroundings of the scanner. Electromechanical devices like
injector systems can create both electric and magnetic fields that cause
electrical interference with the scanner during the imaging process,
leading to image distortion or artifacts.
To minimize this problem, EmpowerMR employs a unique, patent-pending
hydraulic control system instead of the shielded electrical control
components used by most other MR injectors systems. EmpowerMR has no
shielded iron core motors, piezoelectric motors or electrically active
motor control circuitry adjacent to the scanner, which significantly
minimizes the prospect of electrical interference with the scanner’s
magnetic field. EmpowerMR provides for utilization in MR field strengths
up to 7 Tesla. EmpowerMR is also not battery operated, and links to its
electrical supply by a single pass-through cable that does not require
special shielding. As there is no motor in the MR suite, EmpowerMR does
not generate audible noise. EmpowerMR’s
hydraulic control also means the system can deliver consistent flow
rates, volumetric and pressure performance on demand—features
which may help improve productivity in the MR suite.
According to recent data from IMV Limited, a medical technology market
analysis firm, there are approximately 6,000 MR scanners in the United
States and approximately 15,000 worldwide. Currently, approximately 20%
of MR procedures involve the use of injected contrast.
Commenting on the announcement, Anthony A. Lombardo, President and Chief
Executive Officer, “EmpowerMR is a natural
addition to our family of injector products, and offers the same feature
set and interface that made our Empower line an award winner. With its
unique hydraulic control systems, we believe it is one of the most
innovative injector systems available to the imaging market, and when
coupled with our IRiSMRTM data management
software, EmpowerMR will provide superior injection data management
capability as well. We look forward to formally launching EmpowerMR in
the coming weeks and for the product to be a contributor to sales in our
next fiscal year.”
About E-Z-EM, Inc.
E-Z-EM is a leading manufacturer of contrast agents for gastrointestinal
radiology. The Company is the developer of VoLumen®—the
next generation low density barium sulfate suspension for use as an oral
contrast in Multidetector CT (MDCT) and Positron Emission Tomography
(PET/CT) studies. The Company also offers Empower®?the
only family of CT injectors on the market with patented EDA™
technology that can help detect contrast extravasation?and
offers a complete product set for the virtual colonoscopy practitioner.
This product line consists of virtual colonoscopy hardware, software,
nutritional prep kits and bowel cleaners, tagging agents and a carbon
dioxide colon insufflation system. The Company is also the exclusive
world-wide manufacturer and marketer of RSDL for first-responder
organizations and military services. RSDL is a patented, broad spectrum
liquid decontaminant, that neutralizes and/or removes chemical warfare
agents and T-2 toxins from skin.
The statements made in this document contain certain forward-looking
statements. Words such as “expects,”
“intends,” “anticipates,”
“plans,” “believes,”
“seeks,” “estimates”
or variations of such words and similar expressions, are intended to
identify such forward-looking statements. The forward-looking statements
contained in this release may involve numerous risks and uncertainties,
known and unknown, beyond the Company’s
control. Such risks and uncertainties include: the ability of the
Company to develop its products; successful launch, market acceptance
and future sales of Empower MR injector systems, market acceptance and
sales of VoLumen®;
future actions by the FDA or other regulatory agencies, overall economic
conditions, general market conditions, price increases of raw materials
and components, foreign currency exchange rate fluctuations as well as
the risk factors listed from time to time in the SEC filings of E-Z-EM,
Inc., including but not limited to its Annual Report on Form 10-K for
the fiscal year ended June 3, 2006 and its 10-Q for the quarter ended
March 3, 2007. Consequently, actual future results may differ materially
from the anticipated results expressed in the forward-looking
statements, and investors are cautioned not to place undue reliance on
the forward-looking statements included in this release.