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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 |
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0 | 0 | N/A | 0 |
BBI Holdings PLC 08 October 2007 8 October 2007 BBI HOLDINGS PLC US Patent Approval for New Lateral Flow Point of Care Technology BBI Holdings Plc ('BBI'), the AIM listed developer and manufacturer of rapid result diagnostic tests and reagents for the diagnostic industry, announces that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for a U.S. patent for a lateral flow technology that is exclusively licensed to BBI for its HSV-2 testing platform. BBI also has access to the technology to develop assays using antigens other than HSV. The Notice of Allowance, which relates to an analyte assay device with a pre-absorbing zone, is the official notification that the USPTO finds the claimed subject matter allowable and intends to issue the patent pending payment of the issue fee. A European Patent has previously been granted, for which BBI has exclusive rights. BBI has applied the technology to its 'POCkit' HSV-2 platform which it announced on Monday has received FDA 510(k) clearance in the U.S. The assay has been developed in collaboration with Focus Diagnostics Inc. ('Focus'), the U.S. based provider of type-specific laboratory HSV diagnostic products that is now part of Quest Diagnostics Inc. Focus has exclusive distribution rights for the product in the United States and Europe, and BBI has the exclusive rights for the rest of world along with exclusive global manufacturing rights. It is estimated that over 60 million adults in the U.S. are infected with HSV-2 and, because HSV is poorly recognised and infrequently diagnosed, up to 90% do not know they have it. Furthermore, the Foundation for AIDS Research estimates that genital herpes more than triples a person's risk of acquiring HIV, indicating a real market need for rapid accurate diagnostics within the doctor's surgery. Commenting, Julian Baines CEO of BBI said: "This U.S. patent will further strengthen BBI's overall IP portfolio and demonstrates our core expertise in developing a wide range of point of care products. This comes at a time when the FDA has cleared the test for commercialisation in the U.S., and will enable us to take the product into the U.S. market with confidence that the IP rights cannot be challenged or the technology imitated. "Our POCkit(R) kit is a well established development platform that reduces lateral flow assay development time by up to six months, and we expect to see further similar collaborations and a broader development of our IP portfolio over time". 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 NRAILFIRIDLEIID
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