CLIA Waiver Submitted for Rapid HIV Test Employs StatSure's 'Barrel' Technology
August 14 2007 - 7:30AM
PR Newswire (US)
FRAMINGHAM, Mass., Aug. 14 /PRNewswire-FirstCall/ -- StatSure
Diagnostic Systems, Inc. (OTC:SSUROTC:-OTC:News) (BULLETIN BOARD:
SSUR - News) is pleased to announce that its patented, "barrel-
test" format for the detection of antibodies to HIV-1/2 in human
whole blood, serum, and plasma has completed the trials needed for
a CLIA waiver application and that the results have been submitted
to the United States Food & Drug Administration (FDA) for their
review. The Company believes the results of these trials were
consistent or superior to those of other rapid point of care
products that have received a CLIA waiver. The HIV 1/2 product is
marketed and distributed worldwide by Inverness Medical Innovations
(AMEX:IMA) under its Clearview(R) brand as "Clearview COMPLETE HIV
1/2". If CLIA waiver were granted for this product, it would
greatly expand the available market for this product in the U.S.
There are approximately 189,000 testing sites across the United
States, including doctors' offices and clinics that require a test
to be CLIA waived before it can be used. The United States Centers
for Disease Control recommends HIV testing as part of the routine
medical care of most Americans. On May 25, 2006, this HIV 1/2 test
received marketing approval from the United States Food and Drug
Administration's (FDA) Center for Biologics and Research (CBER) --
a prerequisite to submitting the CLIA Waiver Application. According
to Steve Peltzman CEO of StatSure: "Having this product CLIA waived
should begin to capture the commercial potential of this product
and allow SDS to go forward with its plan to expand the use of this
format to other infectious diseases and to establish new strategic
partnerships." About StatSure: StatSure Diagnostic Systems, Inc.
(OTC:SSUROTC:-OTC:News) (BULLETIN BOARD: SSUR - News) is engaged in
the development, manufacture and marketing of rapid immunoassay
tests for the detection of sexually transmitted and other
infectious diseases; in addition, the Company has developed and is
marketing a product line of patented, oral- fluid collection
devices. The Company's proprietary platforms provide significant
customer benefits and competitive advantages as compared to similar
products that are currently available. Improved accuracy, operator
convenience, and reduced risk of infection from collecting and
handling specimens, have been engineered into SDS products. All of
the company's diagnostic tests are based on the same easy-to-use
technology platform, thus facilitating the development of future
products. Certain of these products are sold in the United States
as well as internationally to various distributors for use in
clinical laboratories, hospitals, clinics, community-based
organizations and other public health organizations.
Forward-Looking Statements Statements contained herein that are not
historical facts are forward- looking statements within the meaning
of the Securities Act of 1933, as amended. Those statements include
statements regarding the intent, belief or current expectations of
the company and its management. Such statements reflect
management's current views, are based on certain assumptions and
involve risks and uncertainties. Actual results, events, or
performance may differ materially from the above forward-looking
statements due to a number of important factors, and will be
dependent upon a variety of factors, including, but not limited to,
the Company's ability to obtain additional financing and the demand
for the Company's products. The Company undertakes no obligation to
publicly update these forward-looking statements to reflect events
or circumstances that occur after the date hereof or to reflect any
change in the Company's expectations with regard to these
forward-looking statements or the occurrence of unanticipated
events. Factors that may impact the Company's success are more
fully disclosed in the Company's most recent public filings with
the U.S. Securities and Exchange Commission ("SEC"). DATASOURCE:
StatSure Diagnostic Systems, Inc. CONTACT: Steve Peltzman of
StatSure Diagnostic Systems, Inc., +1-508-872-2625 Web site:
http://www.statsure.com/
Copyright