AtCor Medical Announces $1.6 Million in New Pharmaceutical Trials Contracts
SOURCE:
AtCor Medical
2008-07-28 08:10:00
AtCor Medical Announces $1.6 Million in New Pharmaceutical Trials Contracts
AtCor Medical Announces $1.6 Million in New Pharmaceutical Trials Contracts
$2.8 Million in New Pharmaceutical Contracts in the Past 60 Days
ITASCA, IL–(EMWNews – July 28, 2008) – AtCor Medical
(
measures central blood pressures and arterial stiffness non-invasively,
today announced that it has signed two new agreements to supply SphygmoCor
systems and clinical trial support services to a leading international
pharmaceutical company. The minimum total value of these contracts is USD
$1.6 million, the majority of which will be recognized in the current
fiscal year. These orders bring the minimum total value of the
pharmaceutical trial contracts secured by AtCor over the past 60 days to
over US $2.8 million.
Duncan Ross, CEO of AtCor Medical, said, “Our sales to pharmaceutical
companies continue to grow, and over the past two months we have executed
significant new contracts in the US and Europe. This demonstrates the
increasing importance of SphygmoCor as a tool for understanding drug
efficacy and mechanisms of action. We look forward to continuing to build
mutually beneficial relationships with our growing list of pharmaceutical
trial customers.”
Mr. Ross added, “The growing use of SphygmoCor systems in clinical trials
and increasing volume of publication concerning central blood pressures and
arterial stiffness indicate a move toward establishing a new standard for
cardiovascular risk assessment and management.”
About AtCor Medical
AtCor Medical develops and markets products for the early detection of
cardiovascular risk and management of cardiovascular disease. Its
technology allows researchers and clinicians to assess central blood
pressure non-invasively. The company’s SphygmoCor system visibly
identifies the effects of reflected blood pressure in the central aortic
pressure wave, effects which cannot be detected with standard blood
pressure monitoring. More than 1,400 SphygmoCor systems are currently in
use worldwide at major medical institutions, research institutions and in
various clinical trials with leading pharmaceutical companies. The
company’s technology has been featured in over 200 peer-reviewed studies
published in leading medical journals. AtCor has operations in the United
States, Australia and Europe. For further information, please visit our
web site at www.atcormedical.com
For further information, please contact: Duncan Ross AtCor Medical CEO +1 (630) 228 8873 Peter Manley AtCor Medical CFO Media inquiries: |
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