Avalon GloboCare Partners with Qi Diagnostics to Co-Develop International Multi-Center Clinical Studies for DKAir Breathalyzer Device for the Early Detection of Diabetic Ketoacidosis
18 Octobre 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 it
has partnered with Qi Diagnostics Limited (“Qi Diagnostics”) to
co-develop international multi-center clinical studies for DKAir™
breathalyzer device for the early detection of diabetic
ketoacidosis (“DKA”).
Qi Diagnostics is a medical device company with
expertise in the development and manufacturing of proprietary
Volatile Organic Compound (VOC) nanosensor-based in vitro
diagnostic and screening devices. Qi Diagnostics has developed
DKAir™ a handheld breathalyzer that allows diabetic patients to
blow into the breathalyzer to detect the acetone levels in their
breath.
DKA is a serious complication of diabetes that
can be life-threatening. DKA is most common among children with
Type 1 diabetes, however adults with Type 2 diabetes can also
develop DKA. DKA occurs when the insulin level drops rapidly
and can’t drive blood sugar into the cells for use as fuel supply.
Under this condition, the liver starts to break down fat for energy
-- a process that generates acidic substances called ketones, which
can accumulate to dangerous levels in the body. Acetone is a
volatile ketone which can be detected in the breath. If left
untreated, DKA can escalate within 24 hours into life-threatening
conditions such as brain swelling, cardiac arrest, kidney damage,
coma and death.
“The DKAir™ breathalyzer provides a
non-invasive, rapid, convenient, low-cost tool for the early
detection of DKA,” commented David Jin, M.D., Ph.D., President and
Chief Executive Officer of Avalon. “This is especially important
for children with Type I diabetes. Ketones build up gradually in
the body until DKA occurs. DKAir™ allows for early detection of
this dreadful complication so appropriate medical care may be
sought. Sometimes DKA can also be the first sign of diabetes in
people who haven’t yet been diagnosed. Additionally, DKA can be
precipitated by other illnesses in diabetic patients. We are
excited to partner with Qi Diagnostics to co-develop international
multi-center clinical studies for DKAir™. The preclinical research
has been completed and we expect the clinical studies to start in
the first quarter of 2024.”
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. 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 this 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
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