Novadaq Technologies Inc.

Novadaq Technologies Inc.

May 02, 2005 09:00 ET

Novadaq Appoints Dr. Devenyi Chief Ophthalmological Advisor

TORONTO, ONTARIO--(Marketwire - May 2, 2005) - Novadaq Technologies ("Novadaq") announced today the appointment of Robert G. Devenyi,
M.D. to the position of Chief Ophthalmalogical Advisor. Dr. Devenyi is a specialist in ophthalmology at University Health Networks
Toronto. In his new part time position at Novadaq, he will advise with respect to clinical, product and market development of Novadaq's
Wet AMD product, the OPTTX System. Dr. Devenyi will continue his clinical and academic pursuits while at Novadaq.

"The addition of a physician of Dr. Devenyi's calibre and expertise significantly strengthens our medical expertise," said Arun Menawat,
President and CEO of Novadaq Technologies. "His extensive clinical experience and strong industry relationships will help further our
initiatives related to commercializing our OPTTX System, which we believe will unlock the therapeutic potential of Feeder Vessel Therapy

Dr. Devenyi is currently the Ophthalmologist-in-Chief and the Director of Retinal Services at the University Health Networks where he has
been working since 1988. For the last 17 years he has also been a Professor of Ophthalmology at the University of Toronto, and the Team
Ophthalmologist for the Toronto Maple Leafs. Dr. Devenyi has received various teaching awards and has authored numerous scientific and
clinical articles. Dr. Devenyi has been one of a select number of retinal specialists that have been pioneering the development of FVT.

"Many retinal specialists already have an awareness of FVT and an understanding of its potential benefits as a therapeutic approach to
patients suffering from Wet AMD," said Dr. Devenyi. "The possibility of developing a safe and targeted treatment that applies the
principles of FVT with the potential to become the first line of therapy for Wet AMD is an exciting break through for clinical

About AMD

Affecting more than 15 million Americans, AMD is the leading cause of severe vision loss in people 50 years of age or older. There are 2
types of AMD, wet and dry. Wet AMD accounts for approximately 10 % of all AMD cases, yet it causes approximately 90% of blindness
associated with AMD. Patients with Wet AMD experience abnormal blood vessel growth (known as choroidal neovascularization, or CNV) in the
back of their eyes. These abnormal blood vessels, which are fed by at least one blood vessel called a feeder vessel (FV), are thin and
porous, and therefore blood and fluid leak into the space below the retina. This causes the retina to be lifted upward, which disturbs
the focus of the eye. As the condition worsens, the blood and fluid leakage causes damage to the retinal cell layer, which results in
loss of central vision.

About FVT

FVT uses a targeted photocoagulating laser to close the feeder vessel(s), thereby causing the collapse of the CNV that is fed by the FV.
It is hypothesized that the collapse of the CNV substantially prevents further damage to the patient's vision, and may actually improve
vision by allowing the retina to settle back into its original place.

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