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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bbi Hldgs | LSE:BBI | London | Ordinary Share | GB00B00M4S16 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 185.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9217E BBI Holdings PLC 02 October 2007 BBI HOLDINGS PLC BBI's HSV- 2 Point of Care test gains FDA 510(k) Clearance BBI Holdings Plc ('BBI'), the AIM listed developer of rapid result diagnostic tests and reagents for the diagnostic industry, announces that the HSV-2 (genital herpes) point of care test developed alongside Focus Diagnostics Inc. (Focus) has received FDA 510(k) clearance. The clearance means that the test, which has been developed on BBI's 'POCkit' platform, can now be commercialised in the U.S.A. Focus, which is now part of Quest Diagnostics Inc., has exclusive distribution rights for the product in the United States and Europe, and BBI has the exclusive rights for the Rest of the World. It is estimated that over 60 million adults in the U.S. are infected with HSV-2, and because HSV-2 is poorly recognised and infrequently diagnosed, up to 90% of patients do not know they have it. The Foundation for AIDS Research estimates that genital herpes more than triples a person's risk of acquiring HIV. The availability of the type specific POCkit HSV-2 point of care test will allow for immediate testing of at-risk patients in the doctor's office, and ensure that treatment to clear up the condition can commence immediately. The highly sensitive test uses patented technology exclusively licensed to BBI to eliminate the common HSV-1 'cold sore' signal for accurate diagnosis of the more serious HSV-2 virus. BBI is the exclusive manufacturer of this product and is currently evaluating commercialisation for the rest of the world market. Commenting on the approval, Julian Baines CEO of BBI said: "Having invested financially and spent a significant amount of time in the development of this product, we are very pleased that the FDA clearance has come through. We have known the strong technical performance of this test since the clinical trials were completed, and the regulatory clearance will enable BBI and our partners to finally take the product to market. This is very timely given the increased interest in HSV-2 screening on a global basis, and we expect a positive response to the test within the U.S. market. It is pleasing to note that, having received this FDA 510(k) clearance, we have already achieved two out of the three key internal targets that we set BBI for the second half of this financial year." ENDS For further information please contact: BBI Holdings plc Cenkos Securities plc Parkgreen Communications Ltd Julian Baines, CEO Stephen Keys Paul McManus Tel: 029 2074 7232 Tel: 020 7397 8900 Tel: 020 7479 7933 Mob. 07980 541 893 www.bbigold.com Email: paul.mcmanus@parkgreenmedia.com Background notes: About BBI Holdings PLC (AIM: BBI): BBI is a leading supplier of products and services to the global diagnostic and healthcare industries. BBI floated on AIM on 28 April 2004 at 47p. BBI operates in three core areas: 1. BBInternational (diagnostics) Incorporating: British Biocell, Cardiff, UK BBI Dundee (formerly Alchemy Laboratories), Dundee, UK BBI Research, Madison, Wisconsin, USA Qnostics, Glasgow, UK BBI manufactures superior quality gold reagents which are used to bind with specific antibodies or antigens, which are used in diagnostic tests to provide a positive or negative visual signal. BBI also provides contract product development services for leading diagnostic companies using its expertise to develop rapid result diagnostic tests. BBI also manufactures rapid result diagnostic tests in the UK and the US. Rapid test manufacture involves placing conjugate onto a pad or strip and enclosing this within a preformed plastic package 'housing' designed to the customer's specifications. BBI's Qnostics division supplies molecular quality control reagents to the global market place. www.bbigold.com 2. BBI Enzymes Incorporating: Biozyme, Blaenavon, UK Seravac, Cape Town, S Africa. Theratase was acquired by BBI in May 2007 to form BBI's enzyme division. Biozyme and Seravac are leading manufacturers and suppliers of high quality specialist natural enzymes to the medical diagnostics industry. Enzymes are proteins which drive complex reactions that occur in all living organisms. Their high specificity and dramatic catalytic activity has been exploited within the diagnostic industry. www.biozyme.com www.seravac.com 3. BBI Healthcare (diabetes) Brands: GlucoGel SensoCard Plus GlucoTabs In April 2004 BBI acquired Hypostop (now renamed GlucoGel in the UK). GlucoGel is an easy to use dextrose gel which is included in the National Institute for Clinical Excellence's (NICE) treatment guideline for hypoglycaemia. BBI Healthcare was founded in April 2006 to manage the sales and marketing of GlucoGel, and build a diabetes care product portfolio. In July 2006 BBI acquired the UK's only talking blood glucose meter for the visually impaired called SensoCard Plus. The acquisition gives BBI exclusive distribution rights for within the UK, US, Canada and India. www.bbihealthcare.com This information is provided by RNS The company news service from the London Stock Exchange END MSCEAXEFEAXXFFE
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