Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Medical imaging technology firm Nanox Imaging (NASDAQ: NNOX) are rallying after the company announced it has submitted a 510(k) premarket notification application to the US Food and Drug Administration (FDA) for the first version of its multi-source Nanox.ARC 3-D digital tomosynthesis system.
Nanox.ARC is a 3-D tomosynthesis imaging system that produces scans of a human body part. The company said the first version of the multi-source Nanox.ARC will be followed by future Nanox.ARC versions.
“The 510(k) submission for the first version of our multi-source Nanox.ARC is an important achievement,” stated Ran Poliakine, Chairman and CEO of Nanox.
“There exists a significant unmet medical need globally for a more accessible and cost-effective medical imaging solution. If cleared by the FDA, we believe our Nanox.ARC 3-D digital tomosynthesis can address this need.”
Nanox Imaging shares are currently up 16.2% at $32.52.
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