On February 26, 2020 Manhattan Scientifics Inc. (MHTX: OTCQ: BB) , a principal & major shareholder of Imagion Biosystems Ltd. (IBX.AX) reported IMAGION’S initiation of manufacturing medical devices and pharma products to be used in first human clinical studies of very early cancer detection as approved by the FDA (Press release, Manhattan Pharmaceuticals, FEB 26, 2020, View Source [SID1234554823]).

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The primary operational focus for Imagion’s past quarter has been on ensuring the readiness of its contract-manufacturing partners to begin the manufacturing of the nanoparticle formulation to be used in the study. Imagion is pleased to report it has purchased equipment and supplies and has completed the necessary vendor qualifications and audits to confirm compliance with GMP (Good Manufacturing Practice), required for the manufacturing of medical devices and pharmaceutical products used in human clinical studies.

Marvin Maslow, Chairman of MHTX said, "MHTX invested millions of dollars to commercialize Edward Flynn’s work to create a reliable and inexpensive cancer diagnostic, with a stated goal to identify pre symptomatic cancers well before they metastasize in humans."