Verisante Issues Update on Regulatory Milestones
October 06 2011 - 9:00AM
Marketwired
Verisante Technology, Inc. (TSX VENTURE:VRS)(OTCQX:VRSEF)(PINK
SHEETS:VRSEF)(FRANKFURT:V3T) (the "Company" or "Verisante"), a
leader in cancer imaging technology, announced today that it has
filed an application with Health Canada for a Class II Medical
Device License to market and sell Verisante Aura(TM), a
non-invasive medical device for the detection of skin cancer, in
Canada.
The Company has completed all applicable safety testing required
under Health Canada guidelines. Additional safety testing is also
being done to confirm compliance with European guidelines. This
additional testing is required to complete the Technical File for
submission to a notified body to receive CE Mark approval for
Europe. Verisante anticipates submitting our Technical File in
October.
"We have come a long way and have met many milestones since
licensing this technology from the BC Cancer Agency only 15 months
ago," said President and CEO Thomas Braun. "As we move into the
final quarter of 2011, we remain confident we will be able to meet
our regulatory milestones of Canadian, European, and Australian
approval by the end of the year."
About Verisante Technology, Inc.
Verisante is a medical device company committed to
commercializing innovative systems for the early detection of
cancer. The Verisante Aura(TM) for skin cancer detection and the
Verisante Core(TM) series for lung, colon and cervical cancer
detection utilize a proprietary cancer detection platform while the
operating software and probe technology are unique to each device.
The cancer detection platform was developed by the BC Cancer Agency
and tested and refined on approximately 1,000 lesions at the Skin
Care Centre at Vancouver General Hospital. This exclusive platform
technology allows Verisante to develop and offer a range of
compact, non-invasive cancer detection devices that offer
physicians' immediate results for many of the most common cancers.
The Core(TM) has not yet been approved for sale.
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Forward Looking Statements
This release contains forward-looking statements, including, but
not limited to, statements regarding the future commercialization
of medical devices, the market demand for these products and the
proprietary protections the Company will obtain with regard to the
technology, all of which statements are subject to market risks,
and the possibility that the Company will not be able to obtain
patent protection or obtain sufficient customer demand. These
statements are made based upon current expectations and actual
results may differ from those projected due to a number of risks
and uncertainties.
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
Contacts: Verisante Technology, Inc. Thomas Braun President
& CEO (604) 605-0507info@verisante.comwww.verisante.com
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