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Veran Medical Technologies to participate in Siemens Oncology Day

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ST. LOUIS, MO October 16th, 2008 – Veran Medical Technologies announced today that it will participate in the Siemens Oncology Day in Boston, Massachusetts on October 30th, 2008. The meeting is sponsored by Siemens Healthcare Strategy and Siemens Venture Capital. The event is designed to stimulate and accelerate the pace of innovation in cancer diagnostics and therapeutics. “We are pleased to be invited to participate in this discussion and exhibition forum provided by Siemens. It is always good to share and discuss technologies and strategies with colleagues who are all working toward such an important mission – to diagnose and treat cancer earlier with greater efficiency,” said Jerome R. Edwards, President and CEO of Veran Medical Technologies, Inc.

About Veran Medical Technologies

Veran is a privately held medical device company headquartered in St. Louis, MO. The company’s mission is to empower physicians to diagnose cancer earlier and to enable precision therapy to save lives. In the United States, lung cancer kills more people each year than breast, prostate, pancreatic and colon cancers combined.

Veran has developed and commercialized an FDA cleared, next generation electromagnetic thoracic navigation platform called the SPiN Thoracic Navigation System®. Veran’s breakthrough technology has been adopted by leading cancer centers throughout the United States. Veran provides physicians with a full line of bronchoscopic brushes, needles, forceps and steerable catheters with tiny electromagnetic sensors embedded in the tips for precise navigation. The combination of these proprietary Always-On Tip Tracked® instruments and Veran’s exclusive patient respiratory gating technology enables physicians to accurately access lung nodules by accounting for nodule movement during patient breathing, a common challenge for lung specialists.

Another challenge lung specialists face is that approximately 40% of lung nodules lie outside of an airway, making them very difficult to reach endobronchially, and traditionally requiring an additional procedure. Veran’s SPiN Thoracic Navigation System® is the first and only FDA cleared technology that enables Pulmonologists or Thoracic Surgeons to safely and accurately access lung nodules outside of an airway using SPiN Perc®, a navigated transthoracic needle. With SPiN Perc®, Veran combines endobronchial navigation with percutaneous navigation, allowing physicians to access all lung nodules in a single procedure, regardless of nodule size or location. This eliminates the cost and risk of unnecessary procedures and empowers physicians to provide a same day diagnosis for their patients. The early diagnosis and treatment of lung cancer has been proven to save lives.

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