Avitar, Inc. subsidiary signs agreement with Genua, Inc.NORTH HAVEN North Haven, town (1990 pop. 22,249), New Haven co., S Conn., on the Quinnipiac River; settled c.1650, set off from New Haven 1786. Chiefly residential, it has some manufactures, such as aircraft parts, tools, chemicals, and machinery. , Conn.--(BUSINESS WIRE)--July 9, 1996--Avitar Technologies, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avitar, Inc. (Nasdaq SmallCap Market: AVIT AVIT Aarupadai Veedu Institute of Technology AVIT Audiovisual Instructional Technology (Common Stock); AVITW (Redeemable Warrants)) announced today that it has signed an agreement with Genua
Genua is a fictional city from Terry Pratchett's Discworld novels. Its most significant appearance in the books is in Witches Abroad. , Inc. to produce a custom designed form of Avitar's Accu-sorb saliva collection device to be used as a component of Genua, Inc.'s Rapid Saliva Kit for HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. and hepatitis. The product will be sold into the international market. In a related announcement, Genua, Inc. made public the results of correlation studies using its test kits incorporating the Avitar Accu-sorb collector device. These studies were conducted at Nassau County Medical Center, East Meadow, NY in a group of 300 patients tested for HIV and a 300-patient group tested for hepatitis. Both studies showed a 100% correlation when compared to the results of the standard control tests. Peter Phildius, Chairman of Avitar, stated, "We are pleased by the continued interest in our collection device by a number of test kit producers. The study in Nassau County, NY also further validates the use of the collection device as a valuable component in saliva diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease ." Mr. Nicholas Genua, President of Genua, Inc., commented, "We are very enthusiastic about having the Avitar Accu-sorb collection device as an integral component of our diagnostic saliva test kits. Studies to date have shown this device to be user-friendly and very reliable in collecting concentrated saliva samples, because of its non-protein, binding characteristics." Genua, Inc. is a privately-held medical company specializing in diagnostic products. Avitar, Inc. designs, develops, manufactures and markets healthcare products and services including Hydrasorb(TM), a proprietary line of polyurethane wound care dressings. The Company also provides healthcare cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. services to employers and third-party payors. CONTACT: Avitar, Inc. Peter Phildius, Chairman of the Board (617) 821-2440 Jay Leatherman, Chief Financial Officer (203) 234-7737 |
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