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Frost & Sullivan Recognizes Excellence in Medical Technologies & Life Sciences

MOUNTAIN VIEW, Calif. – March 24, 2009 Frost & Sullivan, the Growth Partnership Company, honored recipients of its 2009 Excellence in Medical Technologies & Life Sciences Awards at a banquet held on Wednesday, March 18, 2009 in San Francisco.

"We are honored to recognize these companies for their effective strategy and leadership in the healthcare and technology industries," stated Art Robbins, President, North America, Frost & Sullivan. "On behalf of the analyst team that selected these recipients, we are confident that a new level of care will result from these companies' dedication to innovation in the diagnosis, treatment, and management of disease. Such innovation leads to not only more efficiency in the delivery of healthcare, but also to more favorable patient outcomes."

The Medical Technologies & Life Sciences Awards are given to companies that have made a significant contribution to the pharmaceutical, biotech, drug discovery, clinical diagnostics, medical imaging, and medical device industries. Such companies have shown success at meeting the needs of patients and other stakeholders in the healthcare industry, while building world-class companies with strong management teams.

Awarded companies and individuals included:

Accelrys - 2009 North American Scientific Business Intelligence (Sci–Bi) Pharmaceutical and Biotechnology Growth Strategy Leadership Award
ApaTech - 2009 North American Device Biologics Company of the Year Award
Aurora Imaging Technology, Inc. - 2009 North American Magnetic Resonance Imaging (MRI) Scanners Vertical Market Penetration Leadership Award
Biotrove - 2009 North American Drug Discovery Technologies Growth Strategy Leadership of the Year Award
Carl Zeiss Meditec - 2009 North American Optical Imaging Technologies in Clinical Diagnostics Market Leadership Award
CeloNova BioSciences, Inc. - 2009 North American Interventional Cardiology Product Innovation of the Year Award
Covidien - 2008 North American RFID-Based Biological Delivery Systems Product Innovation Award
Epinex Diagnostics, Inc. - 2009 Global Diabetes Diagnostics Excellence in Research Award
ESBATech - 2009 North American Ophthalmic Pharmaceuticals Technology Innovation of the Year Award
GE Healthcare - 2009 North American Medical Imaging Growth Strategy Leadership of the Year Award
Gregory T. Lucier, CEO, Life Technologies - 2009 North American Drug Discovery Technologies CEO of the Year Award
ICON Clinical Research - 2009 North American Contract Research Organizations Business Development Strategy Leadership of the Year Award
Intel Corporation - 2009 North American Home Health Devices Product of the Year Award
Joe E. Kiani, CEO, Masimo - 2009 North American Patient Monitoring CEO of the Year Award
Life Technologies - 2009 North American Drug Discovery Technologies Company of the Year Award
Magellan Biosciences - 2009 North American Point of Care Heavy Metal Toxicity Testing Product Innovation Award
Nanopoint, Inc. - 2009 North American Cell Imaging Solutions Product Innovation of the Year Award
Naviscan, Inc. - 2009 North American Medical Imaging Emerging Technology of the Year Award
Neotropix, Inc. - 2009 North American Biopharmaceutical Product Innovation of the Year Award
Nephros, Inc. - 2009 North American Medical Device Patient Care Company of the Year Award
Nomir Medical Technologies, Inc. - 2009 North American Advanced Microbial Destruction Technology Innovation of the Year Award
Novagali Pharma Sa - 2009 North American Ocular Drug Delivery Industry Innovation & Advancement of the Year Award
Ovation Pharmaceuticals, Inc. - 2009 North American Pharmaceuticals & Biotechnology Entrepreneurial Company of the Year Award
Phase Forward - 2009 Global Scientific Business Intelligence in Pharmaceuticals and Biotechnology Product Line Strategy Award
Philips Healthcare - 2009 North American Medical Imaging Product Innovation of the Year Award
Philips Healthcare - 2009 North American Patient Monitoring Company of the Year Award
Pioneer Surgical Technology, Inc. - 2009 North American Orthopedic Tissue Engineering Technology Innovation of the Year Award
Seno Medical Instruments, Inc. - 2009 North American Medical Imaging Emerging Company of the Year Award
Sentinelle Medical - 2009 North American Magnetic Resonance Imaging (MRI) Scanners Excellence in Technology Award
Siemens Healthcare - 2009 North American Magnetic Resonance Imaging (MRI) Scanners Market Leadership Award
Strategic Healthcare Programs, LLC - 2009 North American Remote Patient Monitoring Growth Enabling Technology Award
ValveXchange, Inc. - 2009 North American Prosthetic Heart Valves Technology Innovation of the Year Award
Veran Medical Technologies, Inc. - 2009 North American Image Guided Therapy Technology Innovation of the Year Award
Zecotek Photonics, Inc. - 2009 North American PET and PET/CT Enabling Technology Award

Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

For further information on the Awards Banquet or recipients, or for digital photos, please contact Jake Wengroff, jake.wengroff@frost.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Contact:

Jake Wengroff
210.247.3806
jake.wengroff@frost.com

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