http://www.marketwatch.com/news/story/nomir-medical-receives-frost-/story.aspx?guid={5C74C123-68AC-4BF1-9E10-86258451FAED}&dist=msr_2
PRESS RELEASE
Nomir Medical Receives Frost
& Sullivan Award for Development of Noveon(R)
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(R)
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 Richard 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
Jennifer Greenleaf-Conrad, 781-235-3060
or
Nomir Medical Technologies, Inc.
Richard Burtt, 781-893-1000 ext. 403
Chief Executive Officer