Biomagnetics & Los Alamos National Laboratory Agreement Produce Validated Assay for Tuberculosis Biomarker - Company Prepares...
20 Avril 2011 - 3:00PM
Business Wire
Biomagnetics Diagnostics Corp., (PINK SHEETS: BMGP) a developer
of revolutionary diagnostic systems and related technology for
detecting HIV, hepatitis, tuberculosis, cholera and malaria, and
other innovative technologies, today announced it has now completed
a series of payments to Los Alamos National Laboratory (LANL)
pursuant to the cooperative research and development agreement
(CRADA) executed in 2010 between the two organizations.
To date for the CRADA, LANL has constructed a new bench-top type
waveguide based biosensor system, developed a validated assay for a
Tuberculosis biomarker, evaluated multiple assays developed using
the bench top system specifically built for Biomagnetics, and is
working on re-optimizing the proximity based assay for the cholera
toxin on the newly constructed system.
Clayton Hardman, CEO of Biomagnetics Diagnostics Corp. states,
“With 100% of our financial commitment under the cooperative
research and development agreement now behind us, we are preparing
to begin accepting deliverables from LANL which will continue
through the middle of this year. We are particularly excited about
the tuberculosis related deliverables as we believe a validated
tuberculosis diagnostics assay holds tremendous commercial
potential. We look forward to further validating the TB biomarker
assay in a clinical setting in the near future.”
About Biomagnetics Diagnostics Corp.
Biomagnetics Diagnostics Corporation is an advanced medical
device and biotechnology company and an acquirer of other
innovative technologies. The Company is currently developing a
waveguide-based advanced integrated optical biosensor through its
cooperative research and development agreement with Los Alamos
National Security, LLC, which will initially be used for cholera,
tuberculosis and malaria diagnosis. More information on
Biomagnetics Diagnostics Corp. can be seen at
www.biomagneticsbmgp.com.
Biomagnetics Diagnostics (CE) (USOTC:BMGP)
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