SEC sues Nano-X Imaging over statements about flagship product

Nano-X Imaging

29/09/2023 21:46

NEW YORK, Sept 29 (Reuters) - Nano-X Imaging Ltd
 NNOX.O  was sued on Friday by the U.S. Securities and Exchange
Commission, which accused the Israeli medical imaging company
and founder Ran Poliakine of negligence for misleading investors
about the cost to make its flagship product.
    The complaint filed in Manhattan federal court said the
defendants in 2020 and 2021 made false and misleading statements
that underestimated Nano-X's cost to manufacture Nanox.ARC, a
device the company claimed would make diagnostic imaging more
affordable than existing medical imaging systems.
    

 (Reporting by Jonathan Stempel in New York
Editing by Chris Reese)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))