Navidea Biopharmaceuticals Brief Analyst Report by Small Cap Street and BrokerBank Securities, Inc.
NEW YORK, Sept. 29, 2014 /PRNewswire/ -- Navidea Biopharmaceuticals, Inc. (NYSEMKT: NAVB) – The usage of medical imaging, which creates visual representations of the interior of a patient's body for clinical analysis and medical intervention, has increased significantly. According to Nature magazine use of computed tomography exams in the United States, including X-rays and CAT scans, has increased from approximately 120 scans per 1,000 people in 2000, to 270 scans per 1000 people in 2011. In 2007 alone, an estimated 72 million scans were performed. While beneficial in the detection and prevention of diseases, these scans are expensive and expose the patient to a significant level of radiation. In 2006, exposure to radiation from medical imaging was approximately 50% of total ionizing radiation exposure in the United States. Ionizing radiation can create a health hazard and demand for precision imaging to reduce exposure to potentially dangerous levels radiation is increasing.
Navidea Biopharmaceuticals, Inc. (AMEX: NAVB), is a biopharmaceutical company focused on improving diagnostic accuracy in the detection of various diseases including Alzheimer's disease, cancer, and Parkinson's disease through the development and commercialization of precision diagnostic and radiopharmaceutical imaging agents. These precision diagnostics are used to pinpoint molecular sites and pathways to identify the presence and status of diseases. The company's Lymphoseek® injection has been approved by the FDA for patients with several different types of solid tumor cancers and two other imaging agents are in Phase 3 development.
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