DIAGNOS Earns Health Canada - Class 2 License

DIAGNOS inc. has received Health Canada - Class 2 - Medical Device License for its CARA-CCE (Computer Assisted Retinal Analysis.

"We are very pleased with this significant milestone. Health Canada approval enables us to begin to market and sell our product to support diabetic retinopathy screening. Diabetes has been identified as a global epidemic by the World Health Organization with the number of patients skyrocketing from 30 million worldwide in 1985 to 171 million in 2000, and is estimated to reach 366 million by 2030. The rising rates of diabetes are estimated to cost the Canadian economy as much as $17 billion by the year 2020, $192 billion in the US by 2020, and according to the International Diabetes Federation, $490 billion globally by 2030" says Peter Nowacki, general manager - medical of DIAGNOS.

"Because diabetics require regular screening for eye disease (retinopathy), we estimate the global value of the retinopathy screening market at $600 million annually. We have established a global sales network and feel confident in our ability to begin to generate revenues with CARA" says Andre Larente, president of DIAGNOS.