Corgenix Launches Diagnostic Test for Aspirin Effectiveness; AspirinWorks(R) Test Kit Now CE Marked for Sale in Europe; Submission to FDA Imminent.DENVER -- Corgenix Medical Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CONX) has released for international sale its newest diagnostic product to be used in the fight against cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease . The Company's AspirinWorks(R) Test Kit was launched at the 52nd Annual Scientific and Standardization Committee of the International Society on Thrombosis and Haemostasis hemostasis, haemostasis the stoppage of bleeding or cessation of the circulation of the blood; stagnation of the blood in a part of the body. Also hemostasia, haemostasia. See also: Blood and Blood Vessels Noun 1. , held June 28 through July 1, 2006, in Oslo, Norway. The AspirinWorks(R) Test Kit is a quantitative laboratory test used to determine levels of 11-dehydrothromboxane B2 in human urine Urine is liquid waste product of the body secreted by the kidneys by a process of filtration from blood and excreted through the urethra. This waste is eventually expelled from the body in a process known as urination. , which aids in the assessment of an individual's response to aspirin therapy. Recent reports indicate that up to 25% of the population may be non-responsive to aspirin's benefits, and less or non-responsive individuals may be as much as three times more likely to die from cardiovascular disease. "The release of the first AspirinWorks(R) product is a major milestone for our Company," said Douglass Simpson, Corgenix President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have high expectations for this product and its contribution to the general practice of medicine. Interest worldwide is already strong, and we have ramped up our production to meet expected market demands." The AspirinWorks(R) product was developed in conjunction with Corgenix's strategic partners, Creative Clinical Concepts (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ), a Denver-based biotechnology company, and Cayman Chemical Company (Cayman), an Ann Arbor Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Michigan-based manufacturer of biochemical research products. Corgenix and CCC have previously collaborated with McMaster University (McMaster) in Hamilton, Ontario. Under terms of a license agreement with McMaster, Corgenix and CCC have exclusive worldwide rights to the proprietary technology owned by McMaster for the development, manufacture and marketing of innovative diagnostic tests specific to the pathway by which aspirin acts on platelets. The McMaster technology includes several patents pending in the United States, Canada and Europe, and has received notice of allowance of the first of the U.S. patent applications. In addition to licensing the McMaster technology, Corgenix also has a U.S. patent pending on the AspirinWorks(R) product. The new AspirinWorks(R) product will be sold through Corgenix's established international distribution network and, as the product is not currently approved or cleared by the U.S. Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ), the Company intends to submit a Pre-Market Notification to the FDA within the next 10 days. About Corgenix Medical Corporation Corgenix is a leader in the development and manufacturing of specialized diagnostic kits for immunology disorders, vascular diseases vascular diseases, n.pl diseases of the peripheral circulatory system. and bone and joint disorders. Corgenix diagnostic products are commercialized for use in clinical laboratories throughout the world. The company currently sells over 50 diagnostic products through a global distribution network and has significant experience advancing products through the FDA process. More information is available at www.corgenix.com. |
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