Cosmo announces regulatory approval of GI GENIUS in Israel
Dublin, Ireland - June 23, 2020 - Cosmo Pharmaceuticals N.V. (SIX: COPN) ("Cosmo") today announced that GI Genius has received regulatory approval in Israel.
GI Genius is the first system using artificial intelligence to detect colorectal polyps and is already available in Europe.
Cosmo recently announced very positive results of the first investigator initiated prospective clinical study of its GI Genius artificial intelligence endoscopy device. In this trial the system increased adenoma detection rate by an absolute value of 16% from 40.9% in the control arm to 56.9% in the GI Genius group. For more information regarding the GI Genius investigator initiated trial please visit: https://www.cosmopharma.com/news-and-media/press-releases-and-company-news/2020/200220
The trial required for GI Genius registration in the U.S. which commenced earlier this year and which was substantially halted due to Covid-19 is now resuming. It is expected to last approximately 4-6 months.
Alessandro Della Chà (CEO of Cosmo) commented: "We are very happy with the continued expansion of the GI Genius franchise".
About Cosmo Pharmaceuticals
Cosmo is a specialty pharmaceutical company focused on developing and commercialising products to treat selected gastrointestinal disorders and improve endoscopy quality measures through aiding the detection of colonic lesions. Cosmo has also developed medical devices for endoscopy and has recently entered into a partnership with Medtronic for the global distribution of GI Genius its artificial intelligence device for use in coloscopies and GI procedures. Cosmo has licensed Aemcolo to Red Hill Biopharma and is the licensee of Byfavo(remimazolam) for the U.S. for procedural sedation, which it has sub-licensed to Acacia. For additional information on Cosmo and its products please visit the Company's website: www.cosmopharma.com
Financial calendar
2020 Half-Year Results | July 30, 2020 |
Contact
Niall Donnelly, CFO & Head of Investor Relations
Cosmo Pharmaceuticals N.V.
Tel: +353 1 817 03 70
ndonnelly@cosmopharma.com
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