LED Medical Signs Agreement with BC Cancer Agency and Genome BC to Create Oral Cancer Risk-Assessment Test
Technology to build upon $10-Million of National Institute of Health and TFRI Research Funding
Oral Cancer BackgroundOver the past few decades, North America has seen a general improvement in cancer treatment outcomes, thanks to screening programs, new treatment options, and a general decline in tobacco use. The improvement in oral cancer incidence and mortality statistics has been less dramatic, however, than for cancers such as cervical, colon and prostate cancer, for which established screening programs exist. According to the SEER database, when discovered in early stages, oral cancer's 5-year survival rate is ~83%. Unfortunately, oral cancer is typically discovered in its later stages, when the 5-year survival rate is around ~ 36%. Clearly, early detection is critical for survival - oral cancer's high mortality rate is directly related to the lack of early detection of potentially malignant lesions. The creation of a commercially available risk-assessment test for oral cancer has significant implications for the amelioration of these statistics.
About the BC Cancer AgencyThe BC Cancer Agency is part of the Provincial Health Services Authority (PHSA), providing province-wide specialty healthcare. Together, we are transforming healthcare through innovation. The BC Cancer Agency provides a comprehensive cancer control program for the people of British Columbia by working with community partners to deliver a range of oncology services, including prevention, early detection, diagnosis and treatment, research, education, supportive care, rehabilitation and palliative care. For more information, visit www.bccancer.ca.
About Genome British ColumbiaGenome British Columbia is a catalyst for the life sciences cluster on Canada's West Coast, and manages a cumulative portfolio of over $625M in research projects and science and technology platforms. Working with governments, academia and industry across sectors such as forestry, fisheries, agriculture, environment, bioenergy, mining and human health, the goal of the organization is to generate social and economic benefits for British Columbia and Canada. For more information, visit www.genomebc.ca.
About LED Medical Diagnostics Inc.
Founded in 2003 and headquartered in Burnaby, British Columbia, Canada, LED Medical Diagnostics Inc. is a leading developer of LED-based visualization technologies for the medical industry. The Company is currently listed on the Toronto Stock Exchange (TSX-V) under the symbol "LMD", the OTCQX under the symbol "LEDIF", as well as the Frankfurt Stock Exchange under the symbol "LME". For more information, visit www.ledmd.com.
Through its wholly-owned subsidiary, LED Dental Inc., the company manufactures the VELscope® Vx Enhanced Oral Assessment System, the first system in the world to apply tissue fluorescence visualization technology to the oral cavity. VELscope® Vx devices are now used to conduct more screenings for oral cancer and other oral diseases than any other adjunctive device. To date, there have been more than 12,000 VELscope® Vx systems sold globally and they have been used to perform more than 25 million exams. For more information, call 604.434.4614 or visit www.leddental.com.
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