Dec 12 2007
Novadaq(R) Technologies Inc., a developer of real-time medical imaging systems and image guided therapies for the operating room, today announced that it is the recipient of the Frost & Sullivan North American Medical Imaging Product of the Year award for its SPY(R) Intra-operative Imaging System. Novadaq company executives were recognized during Frost & Sullivan's 2007 Excellence in Healthcare Opportunities Award Banquet held December 5th, 2007 in Orlando, Florida.
"I am so proud of the creative, and committed team at Novadaq whose efforts are reflected in this honor," said Novadaq President and CEO Arun Menawat. "Our mission is to greatly improve the lives of patients undergoing complex surgical procedures such as cardiac surgery, by enabling surgeons with clinically relevant intra-operative imaging."
SPY is the first and only fluorescent imaging system cleared by the U.S. Food and Drug Administration (FDA) that enables cardiac surgeons to visually assess bypass graft functionality during coronary artery bypass procedures. SPY is also ideal for use during technically demanding plastic and reconstructive surgical procedures such as breast reconstruction and other demanding free flap surgeries.
SPY combines a fluorescent imaging agent, a sophisticated laser light source and high-speed imaging to produce real-time images during the course of surgery in the operating room. The use of SPY has been shown in independent clinical studies reported in peer reviewed literature to reduce complications, improve patient outcomes and reduce the incidence of repeat cardiac procedures. The SPY technology is also cleared for use in plastic and reconstructive micro-surgery, and is being evaluated for its potential in organ transplantation, pediatric surgical and urological procedures.
"Novadaq's introduction of SPY, a flexible and easy to use intra-operative imaging system, has the potential of revolutionizing the quality of surgical procedure in the operating room," said Frost & Sullivan Industry Analyst Samantha Barbosa. "For the first time, imaging can now be part of the continuum of therapeutic care before, during and after surgery for better patient outcomes."
Earlier this year, the United States Centers for Medicaid and Medicare issued a new procedure code for imaging procedures performed using the SPY System during cardiac surgery. This year's recognition of SPY is the second time Frost & Sullivan has acknowledged Novadaq's contribution to medical technology development. The global growth consulting company honored the SPY System in 2006 as its Cardiac Imaging Technology Innovation of the Year recipient.