Imi Medical Innovations (AMEX:IME)
Historical Stock Chart
From Dec 2019 to Dec 2024
IMI provides update on ARISE clinical trial
TORONTO, Feb. 28 /PRNewswire-FirstCall/ -- Amendments approved last week by
the U.S. Food and Drug Administration (FDA) to accelerate AtheroGenics, Inc.'s
ARISE clinical trial and increase patient enrollment will provide IMI
International Medical Innovations Inc. (TSX:IMI; Amex: IME) with valuable new
data on skin sterol and its relationship to primary events such as heart
attacks and stroke sooner than expected, IMI announced today.
"We expect ARISE to provide some of the most exciting data ever collected on
skin sterol testing and early detection of heart disease," said Dr. Brent
Norton, President and Chief Executive Officer. "Previous studies have
demonstrated that skin sterol correlates with the presence and extent of
coronary artery disease and prior heart attack. With data from ARISE, we may
find that skin sterol correlates with primary cardiac events, such as heart
attack, or death. It may also prove to be an effective tool to monitor
patients' response to AtheroGenics, Inc's novel therapy, AGI-1067."
The amendments to ARISE will accelerate the study and enable IMI to enroll
additional patients for testing with PREVU(x) Point of Care Skin Sterol Test.
It will also further broaden the profile of PREVU(x) POC with leading
cardiologists and cardiac centers in the United States and Canada. The ARISE
study is expected to be completed in the first quarter of 2006.
"IMI is building solid momentum with data that demonstrates a relationship
between skin sterol and primary events," said Dr. Norton. "We believe that skin
sterol testing ultimately has the potential to save countless lives by
predicting - and preventing - heart attacks before they happen."
About PREVU(x)
PREVU(x) Point of Care Skin Sterol Test, which does not require fasting or the
drawing of blood, tests the amount of sterol, or skin tissue cholesterol.
Clinical studies have shown that as cholesterol accumulates on artery walls it
also accumulates in other tissues, including the skin. High levels of skin
sterol are correlated with higher incidence of coronary artery disease (CAD).
PREVU(x) POC is currently being commercialized in the United States, Canada and
Europe where it will be made available as a point-of-care test. PREVU(x) POC is
marketed and distributed worldwide by McNeil Consumer Healthcare, Canada.
About IMI
IMI is a world leader in predictive medicine, dedicated to developing rapid,
non-invasive tests for the early detection of life-threatening diseases. IMI's
cardiovascular products, which are branded as PREVU(x) Skin Sterol Test, will
be marketed and distributed worldwide by McNeil Consumer Healthcare, Canada.
The company's cancer tests include ColorectAlert(TM), LungAlert(TM) and a
breast cancer test. IMI's head office is located in Toronto, and its research
and product development facility is at McMaster University in Hamilton,
Ontario. For further information, please visit http://www.imimedical.com/.
This press release contains forward-looking statements. These statements
involve known and unknown risks and uncertainties, which could cause the
Company's actual results to differ materially from those in the forward-looking
statements. Such risks and uncertainties include, among others, the lack of
operating profit and availability of funds and resources to pursue R&D
projects, the successful and timely completion of clinical studies, the
successful development or marketing of the Company's products, reliance on
third-party manufacturers, the competitiveness of the Company's products if
successfully commercialized, the ability of the Company to take advantage of
business opportunities, uncertainties related to the regulatory process, and
general changes in economic conditions. In addition, while the Company
routinely obtains patents for its products and technology, the protection
offered by the Company's patents and patent applications may be challenged,
invalidated or circumvented by our competitors and there can be no guarantee of
our ability to obtain or maintain patent protection for our products or product
candidates.
Investors should consult the Company's quarterly and annual filings with the
Canadian and U.S. securities commissions for additional information on risks
and uncertainties relating to the forward-looking statements. Investors are
cautioned not to rely on these forward-looking statements. IMI is providing
this information as of the date of this press release and does not undertake
any obligation to update any forward-looking statements contained in this press
release as a result of new information, future events or otherwise.
DATASOURCE: IMI International Medical Innovations Inc.
CONTACT: Company Contact: Sarah Borg-Olivier, Director, Communications,
T: (416) 222-3449, ; U.S. Investor Contact:
Andrea Faville, The Investor Relations Group, T: (212) 825-3210,