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Tag: 2023 AACC Annual Scientific Meeting Press Program

  • Actiphage TB awarded US Patent grant for diagnostic kit

    Actiphage TB awarded US Patent grant for diagnostic kit

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    Newswise — PBD Biotech developers of Actiphage TB, a ground-breaking phage-based diagnostic for laboratory tuberculosis testing, has today announced it has secured the grant of a US patent for its diagnostic kit. The company is exhibiting in the AACC Clinical Lab Expo on booth #4578.

    Grant of this US patent relating to Mycobacteria detection using bacteriophages, and specifically to the diagnostic kit, provides further important protection for the Actiphage technology.

    Jane Theaker CEO of PBD Biotech explains: “We already have a granted US Patent for the specific method steps, but this new allowance relates to the specific components that make up the Actiphage TB diagnostic kit, strengthening our rights.”

    “We are particularly pleased with this result, claims covering diagnostic kits are notoriously difficult to obtain before the USPTO as the components of the kit are generally considered individually and not in relation to how the kit is to be used.”

    PBD Biotech is a clinical-stage diagnostic company and pioneer in phage-based diagnostics. It is focused on the development of Actiphage TB as a blood test for the detection of tuberculosis in latent TB screening and drug management.

    PBD Biotech recently initiated one of the largest clinical trials for Actiphage TB to date, building on a prior study that demonstrated detection of Mycobacteria tuberculosis (Mtb) in the blood of naive pulmonary TB patients.

    PBD Biotech is one of eight start-ups selected to present at the DxPx Conference US 2023, part of the AACC Clinical Lab Expo in Anaheim, California on July 26 2023.

    PBD is actively seeking investment and life sciences partners to support Actiphage TB clinical development and commercialization.

    DxPx is the only conference dedicated to facilitating M&A, licensing, and financing opportunities for Diagnostics, Digital Health, Precision Medicine, and Life Sciences Tools companies. 

    PBD Biotech is exhibiting in the AACC Clinical Lab Expo on Booth #4578. 

    -ENDS-

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    2023 AACC Annual Scientific Meeting Press Program

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  • At an event in California, a Brazilian health tech company presented its exclusive technology for blood tests with AI, delivering results within 30 minutes

    At an event in California, a Brazilian health tech company presented its exclusive technology for blood tests with AI, delivering results within 30 minutes

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    Newswise — During the AACC – Annual Scientific Meeting & Clinical Lab Expo, held in Anaheim, California (USA) from July 23rd to 27th, the Brazilian health tech company Hilab, specializing in clinical analysis tests, participated in the congress alongside ABIMO – Brazilian Association of Medical Devices Industry. The company showcased innovative solutions for the healthcare industry, including two notable launches and the world’s only point-of-care Hemogram device capable of delivering a complete blood count with the assistance of AI and other technologies within 30 minutes.

    The Hilab Lens, the smallest point-of-care device for a complete blood count, represents a significant breakthrough in the field of digital microscopy. According to information from ANS- National Health Agency, this test is requested in nearly half of medical orders, as it can identify hundreds of diseases.

    The device works by healthcare professionals collecting a blood sample from the fingertip, similar to rapid glucose tests. The extracted sample is placed in a capsule and inserted into the device. The sample information is sent via the Internet of Things to the company’s central laboratory, where the test is verified first by Artificial Intelligence and then by a specialized healthcare professional in hematology. Finally, the test results are sent to the patient’s mobile phone via SMS and email, all within half an hour, while traditional methods take approximately 12 to 48 hours.

    Bernardo Almeida, an infectious disease physician, and Chief Medical Officer of Hilab, explains that “the complete blood count is so popular because it evaluates the quantity and quality of the main blood components, supporting the assessment and monitoring of acute infectious conditions, anemia evaluation, as well as assessing overall health. With the test’s ease and speed, medical professionals and patients can benefit from the prompt delivery of results in both routine and emergency cases.”

    The efficiency of the device was demonstrated through a pilot operation at the Brazilian hospital Erasto Gaetner, a reference institution for the clinical and surgical treatment of oncology patients in Curitiba (PR). Moreover, its theses were presented and validated in articles published by Nature, one of the most relevant scientific journals in the world. Today, the device is already in use in various healthcare facilities across the country, including occupational medicine companies, clinics, and other locations.

    Additionally, Hilab will introduce two new devices at the event: the Hilab Volt and the Hilab Wave. These compact devices will also operate remotely connected via the internet to the health tech’s central laboratory. The Hilab Volt functions based on electrochemistry and reads an electrode that selectively interacts with the sample, generating a useful analytical electrical signal. It will allow the evaluation of indices such as calcium, sodium, potassium, iron, and glucose, among others. The Hilab Wave operates through spectrophotometry, an optical analysis methodology that quantitatively measures the absorption of light by solutions, used for biological and physicochemical investigations. It enables dozens of tests, including phosphorus, magnesium, cholesterol, Vitamin D, and even the incidence of Malaria.

    Participating in a scientific and international event of this magnitude reinforces Brazil’s ability to transform the healthcare sector using technology as an ally. For Hilab, as a Brazilian company, this is a particularly special and rewarding moment, marking a positive milestone in their history, indicating that they are on the right path by providing quality and innovative services that can address urgent healthcare access issues worldwide“, says Marcus Figueredo, CEO, and co-founder of Hilab.

    Certifications and Recognitions

    In 2016, the United Nations, in conjunction with DNV-GL, published a report called “Future of Spaceship Earth,” aiming to showcase companies that were creating technologies capable of achieving the Sustainable Development Goals (SDGs). Hilab was the only company from South America to be chosen and mentioned in the report.

    Hilab has also received recognition from the Global Entrepreneurship Competition in Barcelona, being among the 16 most promising ventures in the world. Moreover, it was the winner of the Med Tech Awards, a competition seeking companies with innovative solutions in the healthcare sector, organized by the British Government.

    Recently, the company was awarded the MIT Innovative Workplaces seal for its disruptive work in the healthcare sector. The certification from MIT Technology Review, the world’s largest ecosystem for content and innovation, measures the effectiveness of the startup’s innovation-related actions.

     

    About Hilab

    Hilab is a 100% Brazilian health tech founded in Curitiba with headquarters in Manaus, developing national devices and technologies for clinical analysis. Its innovative approach allows tests to be conducted using just a few drops of blood. Hilab’s disruptive model differentiates it from traditional laboratories, eliminating the need to transport biological samples. This innovative approach enables the delivery of results in a matter of minutes, providing a faster and more efficient experience for patients. The company employs an advanced technological platform that integrates Artificial Intelligence and the Internet of Things (IoT), enabling the digitization of tests from anywhere in the world, creating a decentralized laboratory.

    The company also offers the possibility of conducting tests in loco, without the need to send information remotely. Additionally, Hilab revolutionizes the patient experience by providing less uncomfortable and fingertip-based sample collection. With the use of innovative devices, Hilab simplifies the result delivery process, sending reports signed by healthcare professionals directly to the patient’s mobile phone within 30 minutes.

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  • Co-Diagnostics, Inc. to Host Booth and Discuss Recent Grant  Awards at AACC 2023 in Anaheim, CA

    Co-Diagnostics, Inc. to Host Booth and Discuss Recent Grant Awards at AACC 2023 in Anaheim, CA

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    Salt Lake City, Utah – July 20, 2023 – Co-Diagnostics, Inc. (Nasdaq: CODX) (the “Company” or “Co-Dx”),  a molecular diagnostics company with a unique, patented platform for the development of molecular  diagnostic tests, announced today that it is hosting a booth at the American Association for Clinical Chemistry  (AACC) annual meeting and expo held July 23-27, 2023 in Anaheim, CA. 

    Co-Dx will also be holding a special milestone presentation and company update to discuss recent grant  activity announced earlier this month related to development of the upper respiratory (flu/COVID/RSV),  tuberculosis, and HPV tests on its upcoming Co-Dx PCR Home platform. This new platform is currently  undergoing clinical evaluations in anticipation of its submission to the FDA and an initial product launch for  a COVID-19 test. 

    The presentation will take place in Room 213C at 11:00 AM local time on Tuesday, July 25, and will include Co-Dx CEO Dwight Egan addressing the new grant awards. 

    In addition to the Company’s current and planned pipeline of testing products, both for the new platform and  for its existing customer base of distributors and clinical laboratories around the world, the Co-Dx booth will  showcase the Co-Dx PCR Home which is subject to FDA review and is not available for sale.  

    Attendees interested in learning more are invited to visit the Company at Booth 827. Information about the  AACC conference may be found here

    About Co-Diagnostics, Inc.: 

    Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets  state-of-the-art diagnostics technologies. The Company’s technologies are utilized for tests that are designed using the  detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology  to design specific tests for its Co-Dx PCR Home™ platform and to locate genetic markers for use in applications other  than infectious disease. 

    Forward-Looking Statements: 

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation  Reform Act of 1995 (PSLRA) that are subject to a number of risks and uncertainties. Forward-looking  statements can be identified by words such as “believes,” “expects,” “estimates,” “intends,” “may,” “plans,”  “will” and similar expressions, or the negative of these words. Such forward-looking statements are based on  facts and conditions as they exist at the time such statements are made and predictions as to future facts and  conditions. Forward-looking statements in this release include statements regarding our anticipation of a  submission to the FDA and an initial product launch for a COVID-19 test following clinical trials for our new  upcoming Co-Dx PCR Home platform. Actual results may differ materially from those contemplated or  anticipated by such forward-looking statements. Readers of this press release are cautioned not to place undue  reliance on any forward-looking statements. There can be no assurance that any of the anticipated results will  occur on a timely basis or at all due to certain risks and uncertainties, a discussion of which can be found in our 

    Risk Factors disclosure in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission  (SEC) on March 16, 2023, and in our other filings with the SEC. The Company does not undertake any obligation  to update any forward-looking statement relating to matters discussed in this press release, except as may be  required by applicable securities laws. 

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