1. Dear Drugs-Forum readers: We are a small non-profit that runs one of the most read drug information & addiction help websites in the world. We serve over 4 million readers per month, and have costs like all popular websites: servers, hosting, licenses and software. To protect our independence we do not run ads. We take no government funds. We run on donations which average $25. If everyone reading this would donate $5 then this fund raiser would be done in an hour. If Drugs-Forum is useful to you, take one minute to keep it online another year by donating whatever you can today. Donations are currently not sufficient to pay our bills and keep the site up. Your help is most welcome. Thank you.
    PLEASE HELP

QuantRx(R) Announces FDA 510(k) Clearance For Its RapidSense(R) Methamphetamine Test

By robin_himself, Jan 9, 2009 | |
Rating:
4/5,
  1. robin_himself
    QuantRx Biomedical Corporation (OTCBB: QTXB), a broad-based diagnostic company focused on the development and commercialization of innovative diagnostic products, announced that the U.S. Food and Drug Administration (FDA) has granted the Company 510(k) clearance on its RapidSense drugs-of-abuse (DOA) Methamphetamine test.

    The RapidSense Methamphetamine test is the first of QuantRx' DOA tests based solely on its proprietary technology approved by the FDA. The
    RapidSense Methamphetamine test is a one-step positive read lateral flow device intended for use in the professional markets.

    "The new clearance allows the Company to provide its customers with a new and innovative product for DOA testing, which we believe will complement our current sales efforts and allow us to expand beyond our traditional OEM product base," stated Dr. William Fleming, President of Diagnostics at QuantRx. "QuantRx Biomedical is well on its way to capitalizing on the burgeoning point-of-care testing markets with the clearance of its first DOA panel and we believe these markets offer tremendous near-term opportunities for QuantRx. QuantRx hopes to build upon its point-of-care franchise as it currently has over half a dozen additional lateral flow tests in the 510(k) pipeline."

    "We are pleased to have reached this important milestone," stated Mr. Walter Witoshkin, QuantRx' Chairman and CEO. "This is a clear signal that our RapidSense technology will bring real innovation to the broad U.S. marketplace."

    "We anticipate this will be the first of multiple approvals from the FDA for our technology," Mr. Witoshkin added.

Comments

To make a comment simply sign up and become a member!