QualityStocks News - Bio-AMD Issues Update on Hopeful Licensing for Commercialization-Ready Technologies

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Company reportedly in talks with potential partners with worldwide reach.

QualityStocks would like to highlight Bio-AMD, Inc., a publicly traded development stage company which, through its subsidiary BioAMD Holdings Limited, focuses on developing hand held electronic diagnostic devices. It offers point of care (POC) medical diagnostic products, including digital strip reader to digital home pregnancy test; Prothrombin Time (PT) monitor using COAG technology; and MPR–Rapid Near-Patient, a multiple application diagnostic technology.

In the company’s news yesterday,

Bio-AMD announced that it is in informal discussions with potential partners regarding the commercialization of Bio AMD Ltd.’s hand-held Digital Strip Reader (DSR) and blood coagulation monitor (COAG) technologies.

BIAD has readied both DSR and COAG for commercial development in conjunction with a partner, and this morning said that it is in “high level informal talks with suitable prospective partners for both these technologies.”

BIAD is currently focusing on securing commercial agreements to license its technologies in large territories by targeting commercial partners that have established global or multi-continental reach.

The company noted that there can be no guarantee that the commercialization discussions pertaining to DSR and COAG will lead to acceptable commercial deal(s), though the company is “highly encouraged by the level of engagement demonstrated by prospective partners and the stage these discussions have reached.”

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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