History

MEDIAN Technologies is founded in Sophia-Antipolis, France. Until 2007, MEDIAN enriches its technology notably by working with research laboratories specialized in medical imaging. The company builds up development partnerships with major health facilities and key opinion leaders in medical imaging.

The overall developments performed by the company are integrated in a clinical aplications portfolio, LMS - Lesion Management Solutions. LMS applications are first marketed in Europe, then in the USA following regulatory clearance from FDA. During commercialization, application developments continue ; LMS commercial offer keeps expanding and enriching.

2011 is a pivotal year for MEDIAN. The company deploys a new set of services specifically adapted to image management during clinical trials in oncology: CTIS - Clinical Trial Imaging Services, based on the core technology of LMS applications. MEDIAN signs its first contracts with 3 of the top 10 pharmaceutical industries.

The strengthening of MEDIAN LMS offer and its commercial presence continue especially with a market expansion on the Asia-Pacific region. In 2011, MEDIAN LMS applications are used in more than 100 health facilities worldwide.

2011 is also characterized by a 10 M€ fundraising from private investors followed by successful MEDIAN’s entry on Alternext Paris market on the 20th of May.

MEDIAN signs a strategic partnership agreement with Canon Inc. who takes a 15% capital stake in the company (on a non-diluted basis) and has been sitting ever since on the board of directors.

This capitalistic agreement is complemented by a development partnership. A second strategic partnership is signed with KLSC (Kuwait Life Science Company), branch of the Kuwaiti investment company NTEC (National Technology Enterprises Company). This agreement, related to the entry of KLSC in MEDIAN Technologies’ capital during the stock market listing of the company, has the ambitious goal to establish MEDIAN Technologies in the Middle East and North Africa.

Today, these two partnerships strengthen MEDIAN’s position on the Asia-Pacific region and also reinforce on a durable basis the financial structure of the company.