Organization:Positron Corporation

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Positron Corporation
TypePublic
OTC Pink: POSC
IndustryHealthcare
Founded(1983 (1983))
Headquarters
Niagara Falls, NY
,
United States
ProductsNuclear medical PET imaging devices
Websitewww.positron.com

Positron Corporation is an American nuclear medicine healthcare company specializing in cardiac Positron Emission Tomography (PET) imaging.[1][2] Positron is headquartered in Niagara Falls, New York in addition to its clinical and technical cardiovascular PET training facility.[3][4]

The company's products and services enable healthcare providers to diagnose cardiac disease and improve patient outcomes.[3][5] Positron Corporation is a public company and traded on the Financial Industry Regulatory Authority, Inc.'s OTC Bulletin Board under the ticker symbol POSC.[4][6]

History

Positron was founded in 1983 as a research and development company.[7][8]

Company development

After its founding in 1983, Positron debuted a new time-of-flight tomograph called the POSICAM.[9] Posicam used barium fluoride for the scintillation detector and was primarily used by researchers interested in cardiac imaging.[9] In 1985, the FDA approved the POSICAM system for marketing and the following year, Positron began commercial operations.[10] The FDA later gave approval to Positron to begin marketing its HZ PET imaging system in 1991.[10] Positron received patents for aspects of its HZ and HZL POSICAM systems in 1993 along with FDA approval to market HZL.[11]

In 2005, Positron entered into a joint venture contract with Neusoft Medical Systems Co., Inc. of Shenyang, China for a jointly owned company to pursue the manufacturing of PET imaging equipment called Neusoft Positron Medical Systems Co. Ltd.[12][11] The following year, Positron acquired a manufacturer/developer of nuclear imaging devices called IS2 Medical Systems, Inc. based in Ontario, Canada.[13] Positron acquired DoseShield Corporation, a developer and manufacturer of automated radiopharmaceutical technology/systems in 2008.[14] In 2009, Positron and its partner Neusoft Medical Systems received FDA approval to sell and distribute their Attrius PET system.[15][16]

Attrius

The Attrius is Positron's main cardiac PET system that the company provides in nuclear medicine that was launched in 2010.[12] The system uses software to monitor coronary artery overlay display and open architecture for new protocol development and customization and motion correction.[17][18] Other products include PosiRx, a system that simplifies and controls the procedures associated with the preparation and delivery of radiopharmaceuticals used in molecular imaging and PosiStar, Positron's customer care plan for Attrius.[4]

Awards

  • Positron Corporation is the winner of the 2010 North American Molecular Imagine Systems New Product Innovation Award given by the research firm Frost & Sullivan.[4]

References

  1. ↑ "Positron Corp". Morning Star. http://financials.morningstar.com/company-profile/c.action?t=POSC&region=usa&culture=en-US. Retrieved 16 June 2014. 
  2. ↑ "Positron Corp. touts regulatory wins in U.S., U.K.". Mass Device. 22 August 2012. http://www.massdevice.com/news/positron-corp-touts-regulatory-wins-us-uk. Retrieved 16 June 2014. 
  3. ↑ 3.0 3.1 "Positron Corp. (POSC) Positioned To Capitalize On Burgeoning PET Imaging Market". Seeking Alpha. 9 April 2013. http://seekingalpha.com/instablog/200555-qualitystocks/1737931-positron-corp-posc-positioned-to-capitalize-on-burgeoning-pet-imaging-market. Retrieved 16 June 2014. 
  4. ↑ 4.0 4.1 4.2 4.3 Nadia Ibanez. "Positron Brings Innovation and Efficiency to Nuclear Medicine". Business Review USA. Archived from the original on 16 June 2014. https://archive.today/20140616214528/http://www.businessreviewusa.com/reports/positron. Retrieved 16 June 2014. 
  5. ↑ Patrick G. Rooney (19 March 2012). "Positron Corporation". The Wall Street Transcript. http://www.twst.com/interview/28866. Retrieved 16 June 2014. 
  6. ↑ Colorado Stark (24 March 2011). "Positron Corporation (OTC:POSC) Still Attracting Attention". Trader Planet. http://www.traderplanet.com/articles/view/86246-positron-corporation-otc-posc-still-attracting-attention/. Retrieved 16 June 2014. 
  7. ↑ "Company". http://www.positron.com/company. Retrieved 16 June 2014. 
  8. ↑ "Form 10-K". U.S. Securities and Exchange Commission. 2012. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223708. Retrieved 16 June 2014. 
  9. ↑ 9.0 9.1 "The History PET Ronald Nutt, PhD". ABT Molecular Imaging, Inc.. Archived from the original on 19 June 2014. http://archive.wikiwix.com/cache/20140619082457/http://advancedbiomarker.com/pdfs/HistoryOfPet.pdf. Retrieved 16 June 2014. 
  10. ↑ 10.0 10.1 "Form 10-KSB". U.S. Securities and Exchange Commission. 2006. https://www.sec.gov/Archives/edgar/data/844985/000114036107007736/form10-ksb.htm. Retrieved 16 June 2014. 
  11. ↑ 11.0 11.1 "POSITRON CORP, Form 10KSB, Filing Date Apr 13, 2007". secdatabase.com. http://edgar.secdatabase.com/2308/114036107007736/filing-main.htm. Retrieved May 15, 2018. 
  12. ↑ 12.0 12.1 "Positron Corp - Initiating Coverage at Hold". Zacks. 9 September 2011. http://www.zacks.com/stock/news/60549/Positron-Corp-Initiating-Coverage-at-Hold. Retrieved 16 June 2014. 
  13. ↑ "Positron buys gamma camera firm IS2". Aunt Minnie. 6 June 2006. http://www.auntminnie.com/index.aspx?sec=ser&sub=def&pag=dis&ItemID=71246. Retrieved 16 June 2014. 
  14. ↑ "Positron acquires Dose Shield, forms new subsidiary". Houston Business Journal. 12 June 2008. http://www.bizjournals.com/houston/stories/2008/06/09/daily45.html. Retrieved 16 June 2014. 
  15. ↑ "Positron's Attrius Scanner Product Line Gets FDA Approval". FDA News. http://www.fdanews.com/newsletter/article?articleId=116762&issueId=12623. Retrieved 16 June 2014. 
  16. ↑ Dan Harvey (May 2012). "Cardiology Focus". Radiology Today Magazine. http://www.radiologytoday.net/archive/rt0512p16.shtml. Retrieved 16 June 2014. 
  17. ↑ "Form 10-K". U.S. Securities and Exchange Commission. 2012. https://www.sec.gov/Archives/edgar/data/844985/000114420413021904/v337875_10k.htm. Retrieved 16 June 2014. 
  18. ↑ Lisa Fratt (24 March 2011). "Inside the Transition to Flow-Based Patient Care". Cardiovascular Business. http://www.cardiovascularbusiness.com/topics/imaging/inside-transition-flow-based-patient-care. Retrieved 16 June 2014. 

Further reading



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