Mr. Wallach continued, "Allowance of the new European patent for our shelf-stabilization technology further enhances the robust intellectual property estate protecting the distinctive advantages of our Detect-Ready technology, complementing our existing European and US patents for our differential diagnosis technology that can analyze multiple gene targets to achieve a highly accurate and informative result."
The two new test panels being developed by MDI also leverage its differential diagnosis technology. Sepsis is a potentially life-threatening complication arising from infection, most frequently in hospitalized patients. Diagnosing sepsis can be difficult and MDI's Detect-Ready sepsis panel is designed to test for a range of targets in order to pinpoint the underlying infection, allowing treatment to begin as soon as possible. Similarly, patients being treated in institutions are at risk for a variety of serious gastrointestinal infections that can be life threatening and costly. MDI's Detect-Ready gastrointestinal panel aims to be the first that can distinguish the source of the infection using a single molecular diagnostic test, facilitating timely and effective treatment. Beta testing for both the Detect-Ready sepsis and GI panels has begun in select healthcare facilities.
All existing investors, including MentorTech Ventures, Robin Hood Ventures, Elm Spring Holdings and the Mid-Atlantic Angel Group participated in the $1.5 million financing.
The Detect-Ready MRSA Panel is a qualitative real-time PCR in vitro diagnostic test that is marketed in the European Union (EU) and other territories and is in late-stage development in the US. It is CE-marked for the detection of MRSA (meth
|SOURCE Molecular Detection Inc.|
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