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NeuroPhysics Wins One of Four Frost & Sullivan Market Engineering Awards for Business Development Strategy (Business Wire) ...The company manufactures and markets the NeuroFOCUS(TM)functional brain imaging SPECT system based on its proprietary ~~~lens~~~ technology called high definition focused emission tomography (HDFET)(TM) Unlike all other SPECT systems,...... resolution images (3mm) of the functioning brain now possible giving clinicians the upper hand in treating patients with mental disorders including brain tumors,...... organizations worldwide to use the NeuroFOCUS system in cutting edge research such as imaging gene therapy brain activity and stem cell migration in the brains of animals.... - Jul 25 8:04 AM ET


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Posted on: 07/25/2001

"Yahoo - NeuroPhysics Wins One of Four Frost & Sullivan Market Engineering Awards for Business Development Strategy"
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Wednesday July 25, 8:04 am Eastern Time

Press Release

NeuroPhysics Wins One of Four Frost & Sullivan Market Engineering Awards for Business Development Strategy

Award Recognizes Company's Vision, Technology and Marketing

BOSTON--(BW HealthWire)--July 25, 2001-- NeuroPhysics Corporation has received Frost & Sullivan's 2001 Market Engineering Business Development Strategy Award by demonstrating excellence within the neurology imaging marketplace and superior market growth skills.

The company manufactures and markets the NeuroFOCUS(TM)functional brain imaging SPECT system based on its proprietary "lens" technology called high definition focused emission tomography (HDFET)(TM) Unlike all other SPECT systems, it does not use rotating gamma cameras. The NeuroFOCUS yields the highest resolution images (3mm) of the functioning brain now possible giving clinicians the upper hand in treating patients with mental disorders including brain tumors, epilepsy, stroke, Parkinson's, and Alzheimer's, and gives researchers new tools to investigate drug candidates during pre-clinical studies using specific biomarkers. NeuroPhysics is implementing a two-step strategic business development strategy for North America, Japan and Europe.

The first step of the strategy calls for more than 1,200 pharmaceutical, biotechnology and clinical research organizations worldwide to use the NeuroFOCUS system in cutting edge research such as imaging gene therapy brain activity and stem cell migration in the brains of animals.

"Since the same scanner can be used for animal studies and human clinical studies, the NeuroFOCUS system becomes a very efficient and technologically advanced testing protocol for FDA drug approval," stated Hugh F. Stoddart, Inventor and Senior Scientist, NeuroPhysics. "In addition, NeuroPhysics is developing strategic alliances with makers of neuro-imaging agents and systems."

The second step of the strategy calls of establishing a global clinical trials consortium with the influential medical research institutions presently using the NeuroFOCUS system both in the United States and in Europe. "Since there are more than 600 clinical trials on-going for brain disorders and diseases, the NeuroFOCUS clinical consortium will expand to accommodate market need," stated Mr. Stoddart. "NeuroPhysics will offer central image reconstruction services to the consortium to standardize protocols, enhance equipment performance and augment future marketing activities."

The research methodology utilized by Frost & Sullivan encompasses primary research by canvassing market participants, including customers and suppliers and secondary research of science and technology. Each participant is ranked based on predetermined measurement criteria, such as market penetration and share growth, new applications and customers, industry group participation and performance enhancement programs. This year, Frost & Sullivan presented awards to GE Medical Systems, Digirad, CTI PET Systems, and NeuroPhysics.

"Awarding NeuroPhysics for their accomplishments with the Frost & Sullivan Award is based upon this company's ability to establish a mission on the science of functional brain imaging by developing non-invasive technologies, devices and software," said Meltem Buyukonat, Frost & Sullivan industry manager, Medical Imaging and Patient Monitoring. "In the preceding decade coined "The Decade of the Brain," NeuroPhysics created and is now offering a compelling cost-benefit solution by providing the highest-resolution, lowest-price system for functional brain imaging."

The NeuroFOCUS system technology is identical to the scanning optical microscopes. It uses twelve, scanning "gamma lenses" to create detailed three-dimensional functional brain images with voxels as small as 0.03cc -- better resolution than PET cameras with a similar field of view (FOV). In addition, the system does not require a nearby cyclotron and rapid radiochemistry support.

Massachusetts-based NeuroPhysics Corporation is the world's only manufacturer of super-resolution functional brain scanners for mapping gamma-emitting biomarker distributions. More than 100 peer-reviewed research papers have been published by leading neuroscientists and neurological clinicians throughout the world who are using first-generation systems at medical centers, including: Harvard, Yale, Columbia, Glasgow, Edinburgh, Amsterdam, Middlesex (London), and Lawrence Berkeley Laboratory. The Company's second-generation NeuroFOCUS system has equal or superior resolution to PET scanners and costs much less. It is used clinically in the diagnosis and treatment of brain diseases and disorders and pre-clinically in the research and development for new drugs.

Contact at NeuroPhysics Corporation, 900 Mt. Laurel Circle, Shirley, MA 01464. http://www.neurophysics.com.


Contact:
     NeuroPhysics Corporation
     Virginia S. Rybski, 678/461-9881
     virginia@neurophysics.com

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