VirtualScopics and ABX-CRO Collaborate to Enhance Global Molecular Imaging Offerings
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ROCHESTER, N.Y., Sept. 7 - VirtualScopics, Inc. (NASDAQ:VSCP), a leading provider of quantitative imaging for clinical trials, today announced it has entered into a scientific collaboration, specific to molecular imaging, with ABX-CRO, a Dresden, Germany based full-service contract research organization. The collaboration joins two of the scientific pioneers in the use of advanced imaging for the clinical study of drugs and medical devices.
This partnership will provide pharmaceutical customers with an integrated service offering by leveraging the combined knowledge and experience of both VirtualScopics and ABX-CRO in the area of functional imaging, especially, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT) and Magnetic Resonance Imaging (MRI). The companies' complementary expertise in imaging analysis and administration of radiopharmaceuticals offers turn-key solutions to customers seeking to capitalize on molecular imaging's ability to quantitatively assess pharmacokinetics and metabolism.
"This collaboration of two of the leaders in the use of molecular imaging in clinical trials will allow each company's customers to source best in class service offerings on a global basis," said VirtualScopics President and Chief Executive Officer, Jeff Markin. He continued, "The coupling of VirtualScopics' robust image acquisition and analysis package with ABX-CRO's expertise with new and evolving tracers will provide a unique and unparalleled solution with regard to the use of functional imaging in drug and medical device development."
VirtualScopics and ABX-CRO will be on site September 8 and 9 at the World Molecular Imaging Congress in Kyoto, Japan at booth # 421 to discuss further details of the companies' applications and their benefit to sponsors of clinical trials, and to present ABX-DIRECT.
About VirtualScopics, Inc.
VirtualScopics, Inc. is a leading provider of imaging solutions to accelerate drug and medical device development. VirtualScopics has developed a robust software platform for analysis and modeling of both structural and functional medical images. In combination with VirtualScopics' industry-leading experience and expertise in advanced imaging biomarker measurement, this platform provides a uniquely clear window into the biological activity of drugs and devices in clinical trial patients, allowing sponsors to make better decisions faster. For more information about VirtualScopics, visit www.virtualscopics.com.
About ABX-CRO
ABX-CRO represents greater than 12 years of comprehensive drug development services in nuclear medicine. Integrated development of new PET & SPECT biomarkers, stand-alone PET/SPECT imaging solutions in the context of therapeutic trials, and pharmacological imaging solutions (PET microdosing & dose finding studies) are key activities. Its unique service proposal covers in addition to advanced image analysis for PET & SPECT, radiochemistry, radio-pharmacy, radio-physics, as well as clinical sciences. For more information, visit www.abx-cro.com.
Source: VirtualScopics, Inc.
Contact:
Investor Relations:
Tim Ryan,
The Shoreham Group,
+1-212-242-7777 Direct,
tryan@shorehamgroupllc.com;
or Company Contact: Molly
Henderson,
Chief Business and Financial Officer,
+1-585-249-6231
Web Site: www.virtualscopics.com/
