In a news release, surgical imaging company Imagin Medical Inc. (IME:CSE; IMEXF:OTCQB) announced that "its contract design and development firm Optel Inc. has delivered the functional i/Blue™ Imaging Systems that will be used to conduct in vivo studies and virtual demonstrations for evaluation by leading urologists."
Imagin Medical advised that its two i/Blue Imaging Systems functional units were initially selected for use in a first-in-human study assessing the final product design; however, medical institutions have recently suspended medical device clinical studies due to the COVID-19 situation. The company stated that it is currently pursuing other preclinical study options, but still plans to pursue first-in-human studies when clinical trials are permitted to resume.
The firm noted that it will utilize its other i/Blue functional units for use in virtual investor presentations and private meetings and demonstrations with medical professionals to generate additional interest and receive system performance feedback.
The company stated that it had originally planned to demonstrate i/Blue units and to meet with leading urologists this month at the annual American Urology Meeting in Washington, D.C. However, because the meeting was cancelled due to the COVID-19 pandemic, the company has implemented alternative plans that involve hosting virtual meetings to demonstrate the product's features and performance and to continue building contacts with key leading experts.
The company's President and CEO Jim Hutchens commented, "Receiving these i/Blue Systems is an exciting milestone and a major step forward. While in-person meetings and demonstrations of our i/Blue system would have been ideal, we are fortunate to have technologies to enable virtual meetings that will allow us to move forward."
Imagin Medical is a surgical imaging company based in Vancouver, B.C., that is engaged in developing new cancer visualization methods for use in minimally invasive surgical procedures, with its initial focus in the area of bladder cancer. The company stated that it believes "the i/Blue™ Imaging System, with its proprietary optics and light sensors, will greatly increase the efficiency and accuracy of detecting cancer for removal, helping to reduce recurrence rates."
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