23rd Nov 2015 09:40
LONDON (Alliance News) - Shares in Feedback PLC jumped Monday after it said it inked a memorandum of understanding with Alliance Medical Group, with the aim of integrated its TexRAD texture analysis software into Alliance's lung cancer imaging service.
The company said that whilst technical discussions are at a "very early stage", it considers the deal to be "potentially of great significance as regards the future commercialization of TexRAD software."
Alliance and Feedback will undertake an imaging research study to assess the use of TexRAD in lung cancer, with the eventual aim of getting National Institute for Health and Care Excellent approval for TexRAD to be used in the lung cancer pathway.
Feedback will provide an update on the progress of talks with its interim results next February, it said.
Shares in Feedback were up 22% at 2.28 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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