5th Oct 2015 07:24
LONDON (Alliance News) - Feedback PLC said Monday that it has formed a joint venture with Spain's QUIBIM SL dubbed Prostate Checker Ltd, formed to develop a product for the detection and diagnosis of prostate cancer.
In order to facilitate this development Feedback has granted a licence for some of the intellectual property related to its TexRAD texture analysis product to Prostate Checker.
"We are very pleased in starting this new strategic alliance with Feedback, where our high performance teams will merge under the umbrella of the new JV company, Prostate Checker Ltd. I am sure that we can develop the most advanced MR imaging solutions for prostate cancer diagnosis in the market which wouldn't be possible with independent strategies," said Chief Executive Officer of QUIBIM Angel Alberich-Bayarri in a statement.
Shares in Feedback were up 12% at 2.49 pence Monday morning, one of the best performers in the AIM All-Share.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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