Avalon’s Laboratory Services MSO Launches Innovative Laboratory Test for Tuberculosis
30 Août 2023 - 3:00PM
Avalon GloboCare Corp. (“Avalon” or the “Company”) (NASDAQ:
ALBT), a developer of innovative precision diagnostics and
provider of clinical laboratory services, today announced that
Laboratory Services MSO, LLC (“LSM”) is now offering an in-house
laboratory developed test (“LDT”) to detect Tuberculosis (“TB”)
using a patient’s sputum sample. Avalon owns a 40% interest in LSM.
LSM’s new polymerase chain reaction (“PCR”) test
allows for accurate and rapid identification of Mycobacterium
tuberculosis (“Mtb”) from samples. The use of sputum samples to
detect Mtb provides easier collection and transport than blood
samples, which are used in protein-based chemiluminescent
immuno-assays.
TB is an airborne, highly contagious, infectious
disease caused by Mtb. Most frequently, TB affects the lungs,
however, it can also cause disease in any part of the body, such as
the lymph nodes, bones, brain, eyes and other organs. TB is a
serious disease that kills about 1.4 million people each year
worldwide. TB infection begins without symptoms before becoming
active. This inactive carrier state is called latent TB infection
(“LTBI”) and can persist for weeks, months, or years before
developing into active contagious disease. Rapid and accurate
identification of Mtb is crucial for controlling the spread of the
disease and treating patients for a faster recovery.
The most frequently used diagnostic methods for
tuberculosis are the tuberculin skin test, acid-fast stain,
culture, and polymerase chain reaction. The skin test is a
120-year-old test, which requires the patient to make repeat visits
to the clinic, followed by a chest X-ray to confirm a positive test
result. The skin test takes several days to show a reaction. LSM’s
PCR-based test can be performed in under 2 hours and the patient
needs only one visit to the clinic to provide a sputum sample with
no needle stick required.
“LSM is at the forefront of new testing
technology and developing new methods to improve on the standard
diagnostic technologies,” commented, David Jin, M.D., Ph.D.,
President and Chief Executive Officer of Avalon. “We believe this
is a revolutionary test as it detects a positive result within 24
hours, which is much faster than the old skin test that has to be
read after 72 hours, and doesn’t require a blood sample to be
collected. This test uses a proprietary master-mix formulation and
PCR amplification method to achieve a high analytical limit of
detection, as compared to the standard limit of detection,
resulting in a lower false positive rate. This test also has a
significantly higher throughput and much lower cost per test as
compared to the standard diagnostic tests. We look forward to
offering this new TB test to healthcare providers nationwide.”
About Avalon GloboCare Corp.
Avalon GloboCare Corp. (NASDAQ: ALBT) is a
commercial stage company dedicated to developing and delivering
innovative, transformative, precision diagnostics and clinical
laboratory services. Avalon is establishing a leading role in the
innovation of diagnostic testing, utilizing proprietary technology
to deliver precise, genetics-driven results. The
Company also provides laboratory services, offering a broad
portfolio of diagnostic tests including drug testing, toxicology,
and a broad array of test services, from general bloodwork to
anatomic pathology, and urine toxicology. For more
information about Avalon GloboCare, please visit
www.avalon-globocare.com.
For the latest updates on Avalon GloboCare’s
developments, please follow our twitter at @avalongc_avco
Forward-Looking Statements
Certain statements contained in this press
release may constitute “forward-looking statements.”
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to any historical or current fact,
including statements regarding LSM. Actual results may differ
materially from those indicated by such forward-looking statements
as a result of various important factors as disclosed in our
filings with the Securities and Exchange Commission located at
their website (http://www.sec.gov). In addition to these factors,
actual future performance, outcomes, and results may differ
materially because of more general factors including (without
limitation) general industry and market conditions and growth
rates, economic conditions, and governmental and public policy
changes. The forward-looking statements included in this press
release represent the Company's views as of the date of this press
release and these views could change. However, while the Company
may elect to update these forward-looking statements at some point
in the future, the Company specifically disclaims any obligation to
do so. These forward-looking statements should not be relied upon
as representing the Company's views as of any date subsequent to
the date of the press release.
Contact Information: Avalon GloboCare Corp.4400
Route 9, Suite 3100Freehold, NJ 07728PR@Avalon-GloboCare.com
Investor Relations:Crescendo Communications, LLCTel: (212)
671-1020 Ext. 304albt@crescendo-ir.com
Avalon GloboCare (NASDAQ:ALBT)
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