Contact Information: Contact: Richard Oh Taglich Brothers, Inc. 631-757-1500
Taglich Brothers Initiates Coverage on Novadaq Technologies Inc.
| Source: Novadaq Technologies Inc.
NEW YORK, NY--(Marketwire - October 12, 2009) - Taglich Brothers, Inc. announces
it initiated coverage of Novadaq Technologies Inc. (TSX : NDQ ).
Novadaq Technologies Inc., headquartered in
Mississauga, Ontario, Canada, has commercialized SPY imaging, a patented
visualization technology that enables surgeons to monitor circulation and
tissue perfusion intraoperatively, facilitating surgical mapping and
revisions during major procedures. The technology can also visualize
lymphatic systems, potentially detecting the extent of lymph node
involvement in cancer cases, and differentiate between normal and cancerous
tissue on the margins of a surgical resection.
SPY imaging is currently used mainly in cardiac bypass and breast
reconstruction surgical procedures. The technology can potentially be
applied over a wider range of surgeries, including urological,
gynecological, and gastrointestinal procedures. SPY has been adapted to
open, minimally invasive and robotic surgery.
Recent studies have demonstrated improvements in surgical outcomes,
reductions in post-operative complications and cost savings stemming from
the adoption of fluorescence angiography. These results should underlie
wide acceptance of Novadaq's SPY systems, which are adaptable for use in a
wide variety of major surgeries. SPY systems have so far been used widely
in post-mastectomy breast reconstruction and coronary artery bypass graft
procedures. Variants of SPY have been developed for use in urological,
gastrointestinal, and organ transplant procedures. The technology has also
been refined for use in rigid endoscopes, making it useful in minimally
invasive surgery.
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