Shares digital

Medical software expert Medicsight (MDST:AIM) has entered into a preliminary agreement with the system integration division of Toshiba Medical Systems Corporation for the distribution of its MedicRead Colon and ColonCAD software solutions throughout Japan.

So the software can be fully launched across the country, both companies are now working towards obtaining regulatory approval, which Medicsight hopes to have achieved by summer 2008.

The two firms will also collaborate on market development initiatives to ensure that radiologists and gastroenterologists are trained in the use of the software to help them interpret CT colonography (CTC) images.

Chief executive David Sumner says the deal with Toshiba will open the Japanese market to Medicsight ‘in a big way’ and will also help promote the use of the software to ease radiologists’ workloads.

He adds that the group has deals of similar magnitude in the pipeline for other markets and these should be revealed in the first half of the year.

Medicsight, which floated last June, is also pushing to obtain FDA approval for its software, again in the first six months of the year. House broker Collins Stewart has slapped a 150p price target on the stock, well above the current 80p.

Shares says: A significant partnership which sets Medicsight up for a promising future.