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Positron Corp POSC

Positron Corporation is a molecular imaging device company, which offers a positron emission tomography (PET) imaging system and clinical services to nuclear medicine healthcare providers throughout North America. The Company is specialized in the field of cardiac PET imaging, the gold standard in cardiac diagnostics. Its PET technology, clinical services and imaging practice solutions enables healthcare providers to diagnose coronary artery disease and improve patient outcomes through providing medicine. It offers nuclear cardiologists its Attrius PET nuclear imaging device, technical and clinical services, and can provide financing solutions to meet the needs of hospitals and medical imaging practices. Its products and services enables healthcare providers to diagnose CAD and improve patient outcomes.


OTCPK:POSC - Post by User

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Post by ukboardon Dec 21, 2006 1:45am
174 Views
Post# 11903547

Coverage Initiated by Beacon Equity

Coverage Initiated by Beacon Equity Positron Corporation Research Coverage Initiated by Beacon Equity Research 12/14/2006 DALLAS, Dec 14, 2006 (BUSINESS WIRE) -- Positron Corporation (OTCBB: POSC) has been rated "Speculative Buy" with a near term target price of $0.70 by Beacon Equity Senior Research Analyst, Lisa Springer, CFA. The full report is available at https://www.BeaconEquityResearch.com Anyone interested in receiving alerts regarding Positron Corporation research should email members@beaconequityresearch.com with "POSC" in the subject line. In the report Ms. Springer writes, "Positron designs, manufactures, sells, and services competitively-priced Positron Emission Tomography ("PET") scanners. These scanners are used to diagnose, stage, and treat critical illnesses such as cancer, coronary disease and neurological disorders, such as Dementia, Alzheimer's and Parkinson's disease. Positron is positioning to be a leader in providing end users total disease solutions. Their business plan is currently focused on introducing an innovative coronary disease reversal and prevention solutions package. The timing of this package is very opportunistic in light of the governments focus on healthcare dollars as well as the aging of the highly educated baby boomer population." "Positron's competitors in the PET scanner market include Siemens (NYSE:SI), GE Healthcare (NYSE:GE), Philips Medical Systems, and Hitachi Medical Systems (NYSE: HIT). Positron plans to compete by manufacturing and marketing a more cost-competitive scanner. The Company has formed an R&D and manufacturing joint venture with Neusoft Medical Systems, one of China's largest medical device companies." "The Company anticipates 2006 revenues of approximately $1.3 million from service revenue and the sale of three PET systems in the fourth quarter. Through the joint venture with Neusoft and integration with IS2 the Company anticipates 2007 revenues of $21 million and gross profits of $6 million. Based on selling costs estimated at approximately 9% of revenues, 2007 operating profits from PET systems could exceed $4 million. The Company also expects to commence sales of PET/CT systems in 2007 that would increase projections for 2007. At a retail price of approximately $1 million per PET/CT system, sales from this product line could significantly impact revenues in 2007 and years to follow." "Positron and Quantum Molecular Pharmaceutical have acquired all of the operating assets of IS2 Medical Systems, Inc. ("IS2") through a minority-owned subsidiary of the Company, Imaging PET Technologies, Inc. ("IPT"). IS2 is a developer and manufacturer of SPECT nuclear imaging devices based in Canada. The Company and Quantum hold 49.9% and 50.1%, respectively, of the total registered capital of IPT. IS2 anticipates over $5 million in revenue in 2007, of which 49.9% will be consolidated into Positron's operations." Beacon Equity Research Disclosure
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