Guest guest Posted March 4, 2009 Report Share Posted March 4, 2009 PRESS RELEASE Nomir Medical Receives Frost & Sullivan Award for Development of Noveon® http://www.marketwatch.com/news/story/nomir-medical-receives-frost-/story.aspx?g\ uid=%7B5C74C123-68AC-4BF1-9E10-86258451FAED%7D & dist=msr_2 Last update: 9:03 a.m. EST March 4, 2009 WALTHAM, Mass., Mar 04, 2009 (BUSINESS WIRE) -- Nomir Medical Technologies, a leader in the development of optical energy technologies for medical applications, has been awarded the 2009 Frost & Sullivan North American Technology Innovation of the Year Award for Advanced Microbial Destruction Technologies for its development of the Noveon® technology platform. The Noveon is a light-based system that utilizes two discrete, near-infrared wavelengths at low power to eliminate bacterial and fungal infections through a photo-biological method-of-action. The system's unique, near-infrared photo-inactivation effect preserves healthy tissue and promotes recovery. The Award will be presented at Frost & Sullivan's 2009 Excellence in Medical Technologies & Life Sciences Awards Banquet in San Francisco on March 18, 2009. " Nomir Medical is honored to receive this significant Award from Frost & Sullivan, " said Burtt, President and CEO of Nomir Medical. " This recognition illustrates the potentially breakthrough nature of the Noveon as a new treatment paradigm for bacterial and fungal infections and as an alternative to pharmacological therapy. This technology platform has thus far been validated in human clinical trials in both onychomycosis and MRSA and we believe that its potential utility extends far beyond these indications. We look forward to soon reporting results from the pivotal trial in onychomycosis and, pending FDA approval of the device for this indication, commercializing Noveon for onychomycosis treatment. " The Frost & Sullivan Award is presented to a company (or individual) that has carried out new research that has resulted in innovation(s) that have or are expected to bring significant contributions to the medical field, and recognizes the quality, depth and vision of a company's research and development program. In considering Award recipients, the Frost & Sullivan analyst team considers the pace of research and technology innovation; the significance or potential relevance of the innovation to the overall industry; and criteria such as the significance of the innovation in the industry, potential of the products of innovation to become industry-standard and the competitive advantages of the innovation vis-a-vis other related innovations. After multiple IRB human pilot studies with Noveon against onychomycosis (toe nail fungus), Nomir initiated an FDA pivotal study of its Noveon device for this indication in May 2008, an integral step for FDA clearance of the application. Nomir has also completed two IRB human studies with Noveon against methicillin-resistant Staphylococcus aureus (MRSA) carriage and infection in the nares (nose). Based on positive data from these studies, Nomir is initiating a pilot study with Noveon for the reduction of bioburden in diabetic foot ulcers. Nomir Medical also recently announced a second FDA 510(k) clearance of the Company's advanced Noveon system. With this clearance, the device may now be utilized during procedures of the skin, subcutaneous tissues and nasal passages, for applications in podiatry, dermatology, plastic surgery, and otolaryngology. About Nomir Nomir Medical Technologies, Inc. is a medical device and photobiology company with a product pipeline of optical energy therapeutics being developed for multiple clinical applications. Nomir's light-based systems target the elimination of bacterial and fungal infections, while also promoting healthy tissue recovery. This potential therapy-altering technology may enhance the effectiveness of, or even reduce the need for antibiotics and antifungal agents, and may be associated with fewer treatment side-effects. Nomir has a broad patent portfolio with multiple patents and patents pending on systems, methods and unique photobiological mechanism claims for near-infrared photodamage to bacterial and fungal pathogens. www.nomirmedical.com About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com. Forward-looking statements Certain statements contained in this press release containing words like believe, intend, may, expect, project and other similar expressions are forward-looking statements involving a number of risks and uncertainties. Factors that can cause actual results to differ materially from those projected in the Company's forward-looking statements include the following: market acceptance of our technologies, therapies, and products; our ability to obtain financing; our financial and technical resources relative to those of our competitors; our ability to keep up with rapidly changing technologies; government regulations of our technologies; our ability to assert and enforce our intellectual property rights and protect our proprietary technologies; the ability to attract and retain key employees; the ability to obtain and develop partnership opportunities; the timing of commercial product launches; the ability to achieve key milestones in key products and other risks factors from time to time in the Company's announcements. SOURCE: Nomir Medical Technologies Media: MacDougall Biomedical Communications Greenleaf-Conrad, 781-235-3060 or Nomir Medical Technologies, Inc. Burtt, 781-893-1000 ext. 403 Chief Executive Officer Quote Link to comment Share on other sites More sharing options...
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