by Gus Iversen
, Editor in Chief | September 11, 2020
Nanox, the Israeli-based developer of novel "cold cathode" digital X-ray solutions, has inked a distribution deal with SPI Medical to bring 630 Nanox.ARC units to Mexico for pay-per-scan utilization.
SPI commits to a minimum annual service fee to Nanox of $17 million per year, guaranteed by a standby letter of credit in favor of Nanox and renewable on an annual basis. The agreement has an initial term of seven years, subject to receiving local regulatory approvals and acceptance test clearance.
“The agreement with SPI will enable us to help the Mexican population by providing higher accessibility to and affordability of medical imaging and high-volume screening across the country,” said Ran Poliakine, chairman and CEO of Nanox, in a statement. "We want medical imaging to become a ubiquitous and readily available service, such as water or electricity, accessible to all communities everywhere. The SPI team has the experience and know-how to help us realize this social agenda.”
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SPI Medical, formerly Spite Medical, is a distributor of specialty pharma products and medical devices in Mexico. The company has previously served as distribution partner for medical imaging equipment from Philips, GE, Siemens, Planmed and Toshiba, as well as a distributor of specialty drugs for Merck, Abbott, Bayer, Eli Lilly, PISA and others.
The 630 Nanox Systems, comprising the Nanox.ARC and the Nanox.cloud, will offer a range of medical imaging services, from 2D X-ray to 3D Tomosynthesis. Nanox will provide the Nanox Systems to SPI for pilots in the public and private sectors, and services are planned to be offered on a pay-per-scan business model.
"Our scientists have developed a medical imaging machine using an electron field emission called cathode silicon. Instead of using heat to generate X-rays, these “cold cathodes” use an electric field to draw out the electrons that eventually become a stable X-Ray stream at low voltage," explained Poliakine in an article for HCB News last year
. "This digital technology is light and compact. It offers beam uniformity, precise exposure control, and dynamic focal spots, creating a superior image quality, increased imaging speed and reduced exposure time. And with a temperature that remains at room level, patients don’t have to wait for the tube to cool down."
In February, Nanox announced an agreement with USARAD, a Siemens Healthineers-backed company, to deliver more than 3,000 Nanox Systems to radiologists across the U.S.
, with the objective of eventually integrating the solution within more than 6,000 freestanding imaging centers, over 7,600 urgent care clinics, thousands of physician practices and numerous retail locations across the country.Back to HCB News
Another perspective on NanoX
September 17, 2020 12:14
This is an interesting but enigmatic company. Take a look at this report posted two days ago by Citron Research:
It's a pretty devastating critique!
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