Acrongenomics Inc. and Molecular Vision Ltd. on Track to Meet Challenging Targets for BioLED Technology.GENEVA, Switzerland -- Acrongenomics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGNM) and Molecular Vision, Ltd. -- an Imperial Innovations spin-out company -- today present an R&D update of their joint collaboration, following the meeting of the project's steering committee steer·ing committee n. A committee that sets agendas and schedules of business, as for a legislative body or other assemblage. steering committee Noun , that took place on 28th July 2006 at Molecular Vision's site in London. The two companies envisage accelerating the development and commercialization of low-cost, easy-to-use and readily portable Point-of-Care (POC (Proof Of Concept) See PoC exploit. POC - Point Of Contact ) diagnostic devices. Initial devices will enable personalized on-the-spot monitoring for diabetes management This article is about the management of diabetes mellitus. For more on the disease itself see diabetes mellitus. Diabetes is a chronic disease with no cure as of 2007. It is associated with an impaired glucose cycle, altering metabolism. and diagnosis of STDs (Sexually Transmitted Diseases Sexually transmitted diseases Infections that are acquired and transmitted by sexual contact. Although virtually any infection may be transmitted during intimate contact, the term sexually transmitted disease is restricted to conditions that are largely ), cardiovascular diseases Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease and substances of abuse, based on the unique BioLED technology platform. Molecular Vision has been recently transferred its facilities to the new Imperial Bio-Incubator Centre at Imperial College London History Imperial College was founded in 1907, with the merger of the City and Guilds College, the Royal School of Mines and the Royal College of Science (all of which had been founded between 1845 and 1878) with these entities continuing to exist as "constituent colleges". . The facilities are dedicated to state-of-the art laboratories and offices. Molecular Vision has established all relevant administration procedures at its new site, and has appointed two full time principal scientists to the project, with respective expertise in microfluidics and OLEDs (Organic Light Emitting Diodes See LED. ). The company is seeking to recruit three more people by the end of September, including a microfluidic assay scientist, a microfluidic clinical technician and a device fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. engineer. Currently, the two companies are making good progress in the development of the generic BioLED platform. The first phase of this work is aimed at developing POC prototypes for diabetes management and diagnosis of cardiovascular diseases. In the past two months a modeling software system for BioLED technology has been developed in order to identify the optimal configuration for high sensitivity detection. The present steps include the development of appropriate devices, OLEDs, PDs (Photodetectors) and filters, allowing the detection of reference analytes already existing in the market at the sub-micromolar level. The first photodetector A device that senses light. It uses the principle of photoconductivity, which is exhibited in certain materials that change their electrical conductivity when exposed to light. See photoelectric, photocell and photodiode. demonstration is planned for the end of March 2007. In parallel, studies for the development and fabrication of microfluidic structures for handling blood will take place. We envision the completion of the first phase of these studies towards the end of December 2006. This partnership between Acrongenomics and Molecular Vision will establish a world-class technology and will offer an unprecedented range of POC applications to the medical diagnostics sector. Molecular Vision's patented powerful technologies of microfluidics and organic semiconductor devices (light emitting diodes and photodetectors) have the potential to become a de-facto standard for medical testing, since they are based on the novel BioLED technology which allows for the development of true readily portable POC devices. About POC and Personalized Medicine  The external links in this article or section may require cleanup to comply with Wikipedia's content policies. Advanced POC technologies are shaping a new era of personalized diagnosis, in which predisposition predisposition /pre·dis·po·si·tion/ (-dis-po-zish´un) a latent susceptibility to disease that may be activated under certain conditions. pre·dis·po·si·tion n. 1. to a disease is detected at an earlier stage and treatment is tailored to the patient's individual needs. Personalized medicine encompasses in vitro diagnostics In vitro diagnostic (IVD) tests are medical tests conducted in a test tube, or more generally in a controlled environment outside a living organism. In vitro means in glass in Latin. to assess disease risk, identify and characterize disease, monitor patients for disease onset and progression, select therapy and evaluate therapeutic response. The ability offered by BioLED technology to perform accurate and fast diagnosis at first consultation will reduce the need for patients' repeated visits to hospitals/GP's, thereby bringing forward the initiation of treatment, freeing up clinical time and lowering treatment costs. About Acrongenomics, Inc. Acrongenomics Inc., is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. that focuses on investing and commercializing novel technology platforms concerning the Life Sciences sector. Acrongenomics brings novel and realistic concepts to market by transforming scientific innovations into tangible, consumer-oriented applications. The company's headquarters are located at Geneva, Switzerland. About Molecular Vision, Ltd. Molecular Vision is a spin-off company of Imperial Innovations Ltd. The company was founded to meet a clearly defined demand in the medical diagnostics, biosensors and analytical instrumentations markets. BioLED technology emerged for covering the need for miniaturized chemical and biological detectors offering high sensitivity and functionality at low cost. The company has directly addressed this market demand by inventing a novel method for optical detection based on recent advances in organic electronics and light emitting diodes combined with microfluidics technology. The company has mainly focused on applying its technology to the medical diagnostics markets. Important Information About Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. All statements in this news release that are other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price Trading price The price at which a security is currently selling. and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions. For further information concerning risks and uncertainties that may affect our future results, please review the disclosures contained in our latest filings with the SEC, including our most recent annual report on Form 10-KSB, and subsequent quarterly reports on Form 10-QSB. Other than as required by federal securities laws, we undertake no obligation to publicly update or revise any of our forward-looking statements, whether as a result of changed circumstances, new information, future events, or for any other reason occurring after the date of this news release. |
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