| In its maiden set of interim results, Innovative Detection and Monitoring Systems (IDMoS) said it hopes to commence the regulatory clearing process for its Caries Management System (CMS) in July of this year.
The objective is for a commercial launch of the product, which could drastically reduce the need for dental fillings, in 2006.
IDMoS was established four years ago by Professor Nigel Pitts, director of Dundee University’s dental health services research unit at the Health Informatics Centre at Ninewells Hospital, and Dr Chris Longbottom, a senior lecturer at Dundee Dental School.
It was launched to commercialise revolutionary disease detection technology.
IDMoS began trading on the London Stock Exchange’s Alternative Investment Market last November in a successful flotation, which raised £4.6 million gross for the company.
Today the company announced a pre-tax loss of £479,000 — said to be in line with expectations — for the period from last August 26 to January 31.
Commenting on the company’s maiden interim results, chairman John Pool said he was pleased to report the business continued to progress well towards commercialisation of its CMS system in line with plans at the time of flotation.
“We remain on course with our regulatory clearance plans for acceptance of the device by mid 2006 and to have it commercially available by the end of that year,” he added.
Mr Pool said the board believes the system will provide a level of accuracy “which is otherwise unavailable from existing commercial techniques.”
IDMoS also announced the appointment of another leading specialist — Dr Andrew Hall from Glasgow University — to the company from June of this year. |
