Hemosense (AMEX:HEM)
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From Jan 2020 to Jan 2025
HemoSense, Inc. (AMEX:HEM) today announced that it has signed an
agreement with Laboratory Corporation of America®
Holdings (LabCorp®)
(NYSE:LH) to supply the HemoSense portable INRatio®
PT/INR monitoring system to identified LabCorp laboratories. The INRatio
system will also be made available to selected LabCorp patient service
centers and affiliated physician offices nationwide.
HemoSense’s INRatio system consists of a
small, portable meter and disposable test strips that provide a quick
and accurate measurement of blood-clotting time, known as a PT/INR
value. This test helps patients reduce the risk of strokes through
frequent monitoring of anticoagulation therapy.
“We are delighted to be working with a
recognized laboratory leader, and this agreement with LabCorp is one
more step toward our goal of increasing the HemoSense share of a growing
market in patient blood coagulation monitoring,”
said Timothy Still, executive VP and chief commercial officer of
HemoSense. “Monitoring patients’
PT/INR levels at the point-of-care can help improve the treatment,
health and lifestyle of patients taking warfarin.”
According to the U.S. Centers for Medicare & Medicaid Services (CMS),
monthly blood coagulation testing is inadequate for the majority of
patients on chronic warfarin therapy. HemoSense’s
INRatio system reduces the time and inconvenience required to manage
warfarin and allows patients to play an active role in management of
their warfarin dosage, encouraging optimal patient compliance, more time
spent within the patient’s therapeutic range
and immediate dose management. The INRatio system is based on a reliable
proprietary electrochemical technology that generates rapid PT/INR
results simultaneously with two levels of quality control from a single
drop of blood. Patient training is straightforward and test strips can
be stored at room temperature for up to one year.
Tests performed using the INRatio system in the point-of-care setting
are currently reimbursed by Medicare and private payers for all patients
on warfarin. The INRatio system is sold through a prestigious and
growing network of distributors in the U.S. and internationally in 23
countries.
About HemoSense
HemoSense is a point-of-care diagnostic healthcare company that
develops, manufactures and markets easy-to-use, handheld blood
coagulation systems for monitoring patients taking warfarin. The
HemoSense INRatio system, used by healthcare professionals and patients
themselves, consists of a small monitor and disposable test strips. It
provides accurate and convenient measurement of blood clotting time, or
PT/INR values. Routine measurements of PT/INR are necessary for the safe
and effective management of the patient's warfarin dosing. INRatio is
sold in the United States and internationally. For more information,
visit www.hemosense.com.
About LabCorp®
Laboratory Corporation of America®
Holdings (LabCorp®),
a S&P 500 company, is a pioneer in commercializing new diagnostic
technologies and the first in its industry to embrace genomic testing.
With annual revenues of $3.6 billion in 2006, over 25,000 employees
nationwide, and more than 220,000 clients, LabCorp offers clinical
assays ranging from routine blood analyses to HIV and genomic testing.
LabCorp combines its expertise in innovative clinical testing technology
with its Centers of Excellence: The Center for Molecular Biology and
Pathology, in Research Triangle Park, NC; National Genetics Institute,
Inc. in Los Angeles, CA; ViroMed Laboratories, Inc. based in
Minneapolis, MN; The Center for Esoteric Testing in Burlington, NC;
DIANON Systems, Inc. based in Stratford, CT; US LABS based in Irvine,
CA; and Esoterix and its Colorado Coagulation, Endocrine Sciences, and
Cytometry Associates laboratories. LabCorp clients include physicians,
government agencies, managed care organizations, hospitals, clinical
labs, and pharmaceutical companies. To learn more about LabCorp, visit www.LabCorp.com.
HemoSense® and INRatio®
are registered trademarks of HemoSense, Inc.