DALLAS, Nov. 22, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring MELA Sciences Inc. (Nasdaq:MELA). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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MELA Sciences Inc. (MELA) is a medical device company focused on the design, development and commercialization of a non-invasive, point-of-care instrument to assist in the early diagnosis of melanoma. The Company's product MelaFind, features a hand-held imaging device, which emits of light of multiple wavelengths to capture images of suspicious pigmented skin lesions and extract data. The data are then analyzed utilizing image processing classification algorithms, trained on the database of melanomas and benign lesions, to provide information to assist in the management of the patient, including information useful in the decision of whether to biopsy the lesion. The Company filed the MelaFind pre-market approval application with the U.S. Food and Drug Administration (FDA) in June 2009 and is under review at the FDA.
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In the report, the analyst notes:
"MELA shares were boosted last week after an FDA panel narrowly voted in favor of its skin cancer detection device, Melafind. The General and Plastics Surgery Devices Panel appointed by the FDA voted by majority that, for its proposed indications, MelaFind is safe and effective and that its benefits outweigh the risks.
"Prior to the recommendation, the FDA expressed concerns regarding the investigational device's utility, safety and efficacy."
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