Data on PreMD's New PREVU(x) Tape POC Format to be Presented at American Association for Clinical Chemistry Meeting
02 Abril 2007 - 11:30AM
PR Newswire (US)
TORONTO, April 2 /PRNewswire-FirstCall/ -- Predictive medicine
company PreMD Inc. (TSX: PMD; Amex: PME) today announced that a
scientific abstract describing a new format of its PREVU(x)
technology has been accepted for a presentation at the upcoming
American Association for Clinical Chemistry (AACC) Annual Meeting
which will take place July 15 to July 19, 2007 in San Diego. The
abstract titled "A fast, non-invasive method for measurement of
cholesterol in skin samples" evaluates PREVU(x) Tape POC's
performance characteristics. PREVU(x) Tape POC is the third product
in the PREVU(x) line of skin cholesterol tests. It was created
specifically for point-of-contact or point-of-sale opportunities.
"We are excited by the potential of PREVU(x) Tape POC. This new
format could make a safe, quick, accurate and non-invasive way to
measure cholesterol readily available in additional
point-of-contact settings," said Dr. Brent Norton, President and
Chief Executive Officer of PreMD. "While we initially designed
PREVU(x) for use at the point-of-care or as a laboratory processed
test, this new format may have utility beyond healthcare. We have
been working with a potential partner to assess PREVU(x) for skin
testing in the cosmetics market and look forward to exploring this
and other market opportunities." The AACC is an international
scientific/medical society of clinical laboratory professionals,
physicians, research scientists and others involved with clinical
laboratory medicine, science and related disciplines. The AACC
provides leadership in advancing the practice and profession of
clinical laboratory medicine and its role in improving health care.
Its members develop and perform tests conducted in hospital
laboratories, clinics, medical centers and other health care
settings. About PREVU(x) Tape POC Skin Cholesterol Test PREVU(x)
non-invasively measures the amount of cholesterol that has
accumulated in the skin tissues, as opposed to blood. There is no
fasting or other patient preparation required for the test.
Clinical studies have shown that as cholesterol accumulates on
artery walls it also accumulates in other tissues, including the
skin. High levels of skin cholesterol are correlated with higher
incidence of coronary artery disease (CAD). About PreMD PreMD Inc.
is a leader in predictive medicine, dedicated to developing rapid,
non-invasive tests for the early detection of life-threatening
diseases. PreMD's cardiovascular products are branded as PREVU(x)
Skin Cholesterol Test. The company's cancer tests include
ColorectAlert(TM), LungAlert(TM) and a breast cancer test. PreMD's
head office is located in Toronto, Ontario and its research and
product development facility is at McMaster University in Hamilton,
Ontario. For further information, please visit
http://www.premdinc.com/. This press release contains
forward-looking statements. These statements involve known and
unknown risks and uncertainties, which could cause the Company's
actual results to differ materially from those in the
forward-looking statements. Such risks and uncertainties include,
among others, the successful development or marketing of the
Company's products, the competitiveness of the Company's products
if successfully commercialized, the lack of operating profit and
availability of funds and resources to pursue R&D projects, the
successful and timely completion of clinical studies, product
liability, reliance on third-party manufacturers, the ability of
the Company to take advantage of business opportunities,
uncertainties related to the regulatory process, and general
changes in economic conditions. In addition, while the Company
routinely obtains patents for its products and technology, the
protection offered by the Company's patents and patent applications
may be challenged, invalidated or circumvented by our competitors
and there can be no guarantee of our ability to obtain or maintain
patent protection for our products or product candidates. Investors
should consult the Company's quarterly and annual filings with the
Canadian and U.S. securities commissions for additional information
on risks and uncertainties relating to the forward-looking
statements. Investors are cautioned not to rely on these
forward-looking statements. PreMD is providing this information as
of the date of this press release and does not undertake any
obligation to update any forward-looking statements contained in
this press release as a result of new information, future events or
otherwise. (x)Trademark DATASOURCE: PreMD Inc. CONTACT: Brent
Norton, President and CEO, Tel: (416) 222-3449 ext. 22, Email: ;
Ron Hosking, Chief Financial Officer, Tel: (416) 222-3449 ext. 24,
Email:
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