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Imagin Medical Inc. (IMEXF)

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Last Post: 3/20/2017 2:04:34 PM - Followers: 4 - Board type: Free - Posts Today: 0





 

 

Overview

 Imagin Medical is a medical imaging company
Imagin Medical will establish a new standard of care in the detection and removal of cancer using endoscopes by commercializing an advanced, proprietary and patented imaging technology
 Initially targeting bladder cancer 
 Thereafter expanding to all minimally invasive surgical (MIS) procedures where endoscopes are used
 

Benefits of Minimally Invasive Surgery (MIS)

• Performed using tiny holes or incisions (less muscle cut)
• Reduced pain, smaller / no scarring
• Quicker recovery, shorter hospital stay, less expensive
• Minimally invasive surgeries performed using endoscopes














 


Endoscopic Primer

• Endoscopic means “to look inside”
• Endoscope – a medical device with attached light used to look inside organs
• Endoscopy performed when other tools, such as an MRI, X-ray, or CT scan, are inappropriate
• Endoscopies commonly performed to diagnose cancer, take tissue samples for biopsies, and to remove cancer
• Different medical specialties use different types of endoscopes
• Cystoscopes, Bronchoscopes, Gastroscopes, Laparoscopes
   










 

Endoscopic Market
 
 $46B growing global endoscopy market
 $1B is spent annually in US alone on bladder cancer surveillance
 Bladder cancer is 3rd most common in men and 6th most common in US overall with recurrence rate of 40 – 70% making it the most expensive cancer to treat over the lifetime of a patient
 4 million estimated urology endoscopy procedures performed each year targeting bladder cancer
 Imagin’s disruptive imaging technology squarely addresses limitations in:
• Endoscopies targeting bladder cancer (cystoscopies)
• Endoscopies targeting many other cancers


 


 

Endoscope Limitations - White Light

• Current endoscopes use “white light” (or visible light) that has been the gold standard for decades
• Highly effective for detecting protruding cancerous tumors
• Limitations of white light:
• Tumors that are flat may look the same as normal tissue
• Not effective in visualizing the edges of the tumor
• Inability to illuminate tumors beneath skin surface


 

Endoscope Limitations - Blue Light

• Blue light cystoscopes (white light with blue filter) used with contrasting agents induce fluorescence and improve ability to detect flat cancers and visualize edges
• Drawbacks of existing blue light technology:
• Requires one hour for the agent to be absorbed by bladder
• Surgeon must manually “switch” between white light and blue light to see tumor area
• Repeated usage of imaging agent causes adverse side-effects (FDA limits use of contrast agents to one-time use per patient)
 

 
Disruptive Technology - Endoscopes with i/Blue Imaging System

• Significantly reduced prep time with bladder absorption in less than 15 minutes vs. one hour
• Optics 100,000 X more sensitive
• Simultaneous acquisition of differing images
• No switching back and forth
• Blends the white light and fluorescence images into one
• Enables the surgeon to better visualize and resect the cancer
• This advancement makes i/Blue technology practical, not only for the O.R. but also potentially for the physicians’ office
• Adapts seamlessly to most types of endoscopes on the market
 
Future Development - i/Vision Imaging System

• Incorporates multiple illumination sources in one system
• Accommodates the most commonly used fluorescing contrast agents, i.e., such as those based on the emission of Protoporphyrin IX (PpIX) and Indocyanine green (ICG)
• This instrument enables expansion into multiple endoscopic procedures such as laparoscopic (general and gynecology), colorectal, thoracic and gastroenterology procedures related to cancer and non-cancerous conditions
• Like i/Blue, blends two images into one, adapts to most endoscopes, and orders of magnitude more sensitive
 
Future Development - i/Red Imaging System

• Requires no contrasting agents - uses the fluorescence produced by the body and tumor itself
• Contrast between normal and cancer tissue is potentially related to difference in porphyrin content within the cells
• Dramatically expands the market to endoscopic procedures where imaging agents cannot be practically administered
• Like i/Blue, blends two images into one, adapts to most endoscopes, orders of magnitude more sensitive
 
Intellectual Property

• Underpinning company’s technology are three issued patents and two pending patent applications on technology related to near-infrared spectroscopic imaging for cancer and other medical applications obtained, under exclusive license, from Lawrence Livermore National Security, LLC
• Aim of licensing agreement is to commercialize the technology invented by Dr. Stavros Demos, a key advisor to the company


 
Product Development Roadmap


 
Why Invest in Imagin Medical?

• Key investment risks removed, high investment return potential
• Disruptive cutting edge imaging technology will dramatically reduce bladder cancer recurrence rates addressing $1B growing global market
• Limited R&D risks as concept is proven – this is an execution play
• Experienced medical device management team that has done it before
• Management in medical device field for over 30 years
• Worked together in previous companies
• High-margin product with strong clinical and economic advantages
• Commercial launch expected in 2018 with positive operating cash flows
• Strong acquisition market
• Most medical device companies grow by acquisition, not organically
• Company expected to have significant value with multiple liquidity options
 

 
Number of Shares Outstanding as at February 28, 2017:                50,068,739
 
Shares Subject to Resale Restrictions    
1) Shares subject to escrow (1,725,000 released every 6 months - Feb 9 & Aug 9) 5,175,000  
2) Performance shares 5,000,000  
3) Private Placement from Q4/2016 (Tranche 2 released on Feb 20 & Apr 9, 2017) 3,873,605  
Total Shares Subject to Resale Restrictions   14,048,605
Total Tradeable Float   36,020,134
Total Shares Outstanding   50,068,739

Number of Warrants Outstanding as at February 28, 2017:             25,005,064
 
Warrants Outstanding    
Feb 2016 Private Placement Strike @ 0.35 - expire Feb 9, 2018 7,007,413
Warrants from BSS acquisition Strike @ 0.15 - expire Feb 9, 2019 8,905,786
Q4/2016 PP - Tranche 1 Strike @ 0.12 - expire Oct 20, 2019 5,111,300
Q4/2016 PP - Tranche 2 Strike @ 0.12 - expire Dec 9, 2019 3,980,565
Total Warrants Outstanding   25,005,064

Number of Options Outstanding as at February 28, 2017:                4,200,000
 
 Management Options Outstanding    
Tranche 1 Strike @ 0.08 200,000
Tranche 2 Strike @ 0.15 4,000,000
Total Options Outstanding   4,200,000
 
Various Company Links

Company Web Site
Corporate Presentation

CSE Web Site for Imagin Medical
SEDAR Web Site for Imagin Medical

Listing Statement CSE - February 16, 2016

Share Issuance - February 9, 2016
Share Issuance - August 22, 2016
Share Issuance - October 21, 2016
Share Issuance - December 13, 2016
Convertible Debt Issuance - March 3, 2016

Option Grant - June 30, 2016
Option Grant - December 19, 2016

Information Circular - October 31, 2016

Monthly CSE Filings (CSE Form 7)
 
  2016 2017
January N/A Link
February Link Link
March Link  
April Link  
May Link  
June Link  
July Link  
August Link  
September Link  
October Link  
November Link  
December Link  

Financial Statements (FS) & Management Discussion and Analyses (MD&A)
 
      2015 2016
Q2 Quarter Ended March 31 FS   Link
MD&A   Link
Q3 Quarter Ended June 30 FS   Link
MD&A   Link
Q4 Quarter Ended September 30 FS Link Link
MD&A Link Link
Q1 Quarter Ended December 31 FS Link Link
MD&A Link Link

 

 
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#75  Sticky Note Looks like IRB is approved and study is registered jb1965 02/23/17 03:12:21 PM
#117   I believe you will do well ... jb1965 03/20/17 02:04:33 PM
#116   Cool.. Thanks. Nice find on this, it may help SO75 03/17/17 10:15:10 AM
#115   SO75 - I do not follow Imagin Medical AMG 03/15/17 11:19:01 PM
#114   Excellent detailed article on Imagin technology in Ahead 7Card 03/15/17 10:41:25 PM
#113   What am I over looking? I don't see it? SO75 03/15/17 02:25:17 PM
#112   This May Be News - You Can Use? AMG 03/15/17 02:17:27 PM
#111   Hopefully we get some of the longs from SO75 03/15/17 11:25:05 AM
#110   Yahoo needs to post news releases. Yahoo 7Card 03/14/17 02:59:30 PM
#109   Appreciate your help It happened back to back days. Makes sense BOL SO75 03/13/17 07:35:43 PM
#108   Ignore the low volume trades ending in 33 jb1965 03/13/17 07:33:36 PM
#107   You are not overlooking anything. jb1965 03/13/17 07:05:21 PM
#106   Another sell off 100k shares. SO75 03/10/17 03:30:38 PM
#105   It's someone with a Scotia account..Not the actual bank. SO75 03/10/17 03:29:07 PM
#104   Strange Scotia sold shares. IMHO this company 7Card 03/10/17 02:12:16 PM
#103   Twice this week there have been sells of 33 SO75 03/10/17 12:15:40 PM
#102   Yup, someone got fed up and just dumped jb1965 03/09/17 03:06:16 PM
#101   Couple big selloffs today... SO75 03/09/17 01:29:32 PM
#100   Latest Q1 2017 Corp Presentation link 7Card 03/08/17 01:17:25 AM
#99   Thanks for the link... jb1965 03/06/17 12:48:43 PM
#98   Monthly report SO75 03/06/17 10:58:04 AM
#97   Private Placement of Convertible Notes Closed jb1965 03/03/17 07:02:05 PM
#96   Heres the link SO75 03/03/17 08:06:50 AM
#95   Ahead of the Herd,Imagin Medical Update 7Card 03/03/17 03:42:28 AM
#93   Final Product Design on Track jesse 03/02/17 10:01:12 AM
#92   Clive Maund's Imagin article link. 7Card 02/28/17 10:09:59 PM
#91   Not a bad Tuesday. SO75 02/28/17 03:52:52 PM
#90   Clive's piece on IME/XF is having an impact jb1965 02/28/17 12:18:08 PM
#89   Not sure... he is a technical chart analyst. jb1965 02/28/17 12:09:43 PM
#88   Was he the guy that put a buy SO75 02/28/17 12:03:47 PM
#87   Another big endorsement from Clive Maund today jb1965 02/28/17 11:20:41 AM
#86   This is what i am hoping for.... SO75 02/27/17 11:56:38 AM
#85   It's one of two things in my opinion. jb1965 02/27/17 11:37:45 AM
#84   Any guesses as to why they have not SO75 02/27/17 10:55:48 AM
#83   I suspect it foretells the short term direction 7Card 02/26/17 08:05:48 PM
#82   This is what I found Let's say traders TommyTuna 02/26/17 04:57:53 PM
#81   I'm not sure what these are... jb1965 02/26/17 03:38:42 PM
#80   Thoughts on 0.1165 trades friday? Several small 7Card 02/26/17 03:06:41 PM
#79   Announcement a big vote of confidence by management jb1965 02/24/17 06:31:58 PM
#78   Imagin Medical Arranges Private Placement of Convertible Notes shell3 02/24/17 06:18:42 PM
#77   Some very interesting trades today in the mid 7Card 02/24/17 05:00:28 PM
#76   Nice digging SO75 02/24/17 11:03:19 AM
#75   Looks like IRB is approved and study is registered jb1965 02/23/17 03:12:21 PM
#74   I agree with both of you. 7Card 02/23/17 01:28:00 PM
#73   Fully agree with SO75 jb1965 02/23/17 11:47:10 AM
#72   My feeling (IMO) SO75 02/23/17 08:40:10 AM
#71   $8M at .08 equals $100M shares. Fully 7Card 02/23/17 01:47:21 AM
#70   NOTICE OF PROPOSED ISSUANCE OF LISTED SECURITIES shell3 02/22/17 11:34:52 PM
#69   Amazing news! SO75 02/22/17 01:01:11 PM
#68   Imagin Medical Signs $8 Million Term Sheet with jesse 02/22/17 11:03:38 AM
#67   All valid points. Let me add a few jb1965 02/18/17 02:59:35 PM
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