Polarean Imaging expands partnership with Ascend to cover 19 US states

(Alliance News) - Polarean Imaging PLC on Monday said it has expanded its commercial partnership with US-based radiology and radiation oncology solutions provider Ascend Imaging LLC, to enable extended coverage into further US states.

The medical imaging technology developer said, under the terms of the expanded representative agreement, Ascend Imaging will continue to act as a non-exclusive, independent manufacturer's representative, supporting the promotion and sale of Polarean's Xenon MRI platform.

This will increase the deal's footprint to 19 US states, from the four states covered in the initial agreement.

Ascend Imaging will continue to identify new prospective customers, drive engagement and support the negotiation and closure of sales opportunities, Polarean added.

"Our collaboration with Ascend Imaging has already proven highly productive, and we see clear value in their ability to connect us with the right decision-makers at leading institutions," said Polarean Imaging Chief Executive Officer Christopher von Jako.

"By expanding this partnership into additional states, we can further strengthen our commercial reach and accelerate adoption of Xenon MRI, advancing our mission to transform pulmonary medicine and ultimately improving outcomes for patients across the country."

Shares in Polarean Imaging were up 7.9% at 0.51 pence in London on Monday afternoon. The stock remains down 63% over the past year.

By Emily Parsons, Alliance News reporter

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