Leading Imaging Companies Form Product Consortium
September 27 2004 - 8:00AM
PR Newswire (US)
Leading Imaging Companies Form Product Consortium 'Imaging Choice
Consortium' Will Provide Customers Added Value and Purchasing
Flexibility NEW YORK, Sept. 27 /PRNewswire/ -- Four leading
companies in the radiology and radiopharmaceutical business today
announced an innovative alliance that will combine a wide array of
products in one purchasing portfolio. Formation of the Imaging
Choice Consortium, involving Berlex, a U.S. affiliate of Schering
AG, Bracco Diagnostics Inc., E-Z-EM, Inc., and PETNET Solutions, a
subsidiary of CTI Molecular Imaging, Inc., is a response to market
demands, as well as to healthcare professionals seeking broader,
more inclusive flexibility in the selection and purchase of imaging
products and services. The Imaging Choice Consortium is intended to
increase the reach of the member companies' key brands and leverage
the competitive value of choice-based purchasing. In creating this
alliance, the Imaging Choice Consortium will improve purchasing
flexibility and accessibility to imaging products while enhancing
contract competitiveness and improving the total value for
purchasers. Clinicians and patients will benefit from a broadened
ability to select products at their discretion. Under the current
standard of contract purchasing, customers often must choose
between leading products, in effect, restricting clinicians'
product choices to limited brands. Each Imaging Choice Consortium
company is a market leader in at least one category of imaging
agents. The Consortium will unite the broad portfolios of the
companies' marketed products in the areas of magnetic resonance
imaging (MRI), X-ray, computed tomography (CT), and radiopharmacy,
including positron emission tomography (PET). Each company brings a
strong research and development focus to the program. "Berlex'
participation in this unique customer program underscores our
strong commitment for continuous improvements in customer service
and patient care," said Robert Milos, Vice President and General
Manager of Berlex Imaging. "By working together with other leading
imaging companies, Berlex will bring clear additional value and
choice to its customers, for the benefit of their patients, by
providing access to a broad portfolio of products." "The industry
paradigm is shifting, in that customers recognize total value
relies on choice, diversity, and having access to a full breadth of
diagnostic imaging and radiopharmaceutical resources that meet
their specific needs and challenges," said Carlo Medici, President
and Chief Executive Officer for Princeton, New Jersey-based Bracco
Diagnostics Inc. "The Imaging Choice Consortium is a landmark
initiative, and Bracco Diagnostics is proud to join in this effort
to make our industry more customer-centric." "E-Z-EM has been a
leading provider of contrast products for GI imaging for over 40
years, and has a proud tradition of improving patient care through
innovation," said Anthony A. Lombardo, President and CEO of E-Z-EM,
Inc. "We believe the Imaging Choice Consortium represents an
important advance in customer choice, and are pleased to join in
bringing this program to our customers and their patients." "PETNET
Solutions is driven by the objective of helping our healthcare
clients achieve success. We are pleased to be a part of the Imaging
Choice Consortium because it provides our customers the convenience
of a broad array of imaging products and the scale economies that
will reduce their radiology costs," said Joe Sardano, Senior Vice
President of Sales and Marketing for CTI Molecular Imaging. Under
the program agreement, each company will continue to determine
independently the pricing, discounting, and other terms it chooses
to offer to any customer. Customers can receive additional
incentives over and above the individual product pricing based on a
variety of factors. About the Participants A pioneer, and for many
years, one of the leaders in the imaging market, Berlex has
introduced a broad range of imaging agents, including the world's
first Magnetic Resonance Imaging (MRI) agent and current market
leader. Additionally, in December 2003, its investigational
contrast agent for Magnetic Resonance Angiography (MRA), MS-325,
was submitted for approval in the United States by Berlex'
development partner EPIX Pharmaceuticals, Inc. Upon approval,
MS-325 would be the first MR blood pool contrast agent for vascular
imaging. Committed to addressing unmet medical needs, Berlex, a
U.S. affiliate of Schering AG, Germany (NYSE:SHR), develops and
markets diagnostic imaging agents, treatments in the areas of
female health care and dermatology, as well as specialized
therapeutics for life-threatening and disabling diseases in the
fields of the central nervous system, oncology, and
gastroenterology. Berlex has business operations in New Jersey,
California, and Washington. For more information, please visit
http://www.berlex.com/. Bracco Diagnostics Inc. is a member of the
Bracco Group, a highly innovative healthcare company, and a world
leader in global integrated solutions for diagnostic imaging with
70 years of experience. Headquartered in Milan, Italy, the Bracco
Group consists of six fully-owned operations and two joint ventures
in Europe, Asia, and the United States. Bracco Diagnostics, located
in Princeton, New Jersey, is responsible for developing new
clinical agents, filing them with regulatory agencies, and selling
and marketing all Bracco products in the U.S. For further
information on the Bracco Group visit http://www.bracco.com/.
E-Z-EM, Inc (AMEX:EZM) is a leading manufacturer of contrast agents
for gastrointestinal radiology. The Company has developed the only
CT injector on the market that can help detect contrast
extravasation, the EmpowerCT(R) with patented EDA(TM) technology;
it also offers a complete product set for the virtual colonoscopy
practitioner. This product line consists of virtual colonoscopy
hardware, software, nutritional prep kits and bowel cleaners,
tagging agents and a carbon dioxide colon insufflation system. For
more information, please visit http://www.ezem.com/. CTI Molecular
Imaging, Inc. (NASDAQ:CTMI) is a leading supplier of products and
services for positron emission tomography (PET), a diagnostic
imaging technology used in the detection and treatment of cancer,
cardiac disease and neurological disorders. Additional information
is available at: http://www.ctimi.com/. DATASOURCE: Imaging Choice
Consortium CONTACT: Media - Marcy Funk of Berlex, +1-973-487-2095;
Kirk Deeter of Bracco, +1-303-838-8708, Tom Johnson of E-Z-EM,
1-800-544-4624 ext. 3317; Michael A. Lawless of PETNET/CTI,
+1-865-218-2000; Investors - Joanne Marion of Berlex, +1-
973-487-2164; Kirk Deeter of Bracco, +1-303-838-8708; Kim Sutton
Golodetz of E-Z-EM, +1-212-838-3777; Michael A. Lawless of
PETNET/CTI, +1-865-218-2000 Web site: http://www.berlex.com/
http://www.bracco.com/ http://www.ezem.com/ http://www.ctimi.com/
Copyright
WisdomTree US MidCap (AMEX:EZM)
Historical Stock Chart
From Dec 2024 to Jan 2025
WisdomTree US MidCap (AMEX:EZM)
Historical Stock Chart
From Jan 2024 to Jan 2025