TIDMPOLX

RNS Number : 5284H

Polarean Imaging PLC

04 December 2020

Polarean Imaging Plc

("Polarean" or the "Company")

Appointment of Joint Corporate Broker

Polarean Imaging plc (AIM: POLX), the medical--imaging technology company, with a proprietary drug--device combination product using hyperpolarised xenon-129 gas to enhance magnetic resonance imaging (MRI) in pulmonary medicine, is pleased to announce the appointment of Stifel Nicolaus Europe Limited as Joint Corporate Broker with immediate effect.

Enquiries:

 
 Polarean Imaging plc                               www.polarean.com / www.polarean-ir.com 
 Richard Hullihen, Chief Executive                                         Via Walbrook PR 
  Officer 
  Jonathan Allis, Chairman 
 
 SP Angel Corporate Finance LLP Nomad                             Tel: +44 (0)20 3470 0470 
  and Broker 
 David Hignell / Adam Cowl (Corporate 
  Finance) 
 Vadim Alexandre / Rob Rees (Corporate 
  Broking) 
 
 Stifel Nicolaus Europe Limited (Joint                            Tel: +44 (0)20 7710 7600 
  Corporate Broker) 
 Nicholas Moore / Ben Maddison / Samira Essebiyea (Healthcare 
  Investment Banking) 
 Nick Adams / Fred Walsh (Corporate 
  Broking) 
 
 Walbrook PR                           Tel: +44 (0)20 7933 8780 or polarean@walbrookpr.com 
 Paul McManus / Anna Dunphy                                 Mob: +44 (0)7980 541 893 / +44 
                                                                           (0)7876 741 001

About Polarean ( www.polarean.com )

The Company and its wholly owned subsidiary, Polarean, Inc. (together the "Group") are revenue generating, medical drug-device combination companies operating in the high resolution medical imaging market.

The Group develops equipment that enables existing MRI systems to achieve an improved level of pulmonary function imaging and specialises in the use of hyperpolarised Xenon gas ((129) Xe) as an imaging agent to visualise ventilation and gas exchange regionally in the smallest airways of the lungs, the tissue barrier between the lung and the bloodstream and in the pulmonary vasculature. Xenon gas exhibits solubility and signal properties that enable it to be imaged within other tissues and organs.

The Group operates in an area of significant unmet medical need and the Group's technology provides a novel diagnostic approach, offering a non-invasive and radiation-free functional imaging platform which is more accurate and less harmful to the patient than current methods. The annual burden of pulmonary disease in the US is estimated to be over US$150 billion.

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(END) Dow Jones Newswires

December 04, 2020 02:00 ET (07:00 GMT)

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