QualityStocks would like to highlight PositiveID Corporation (OTCBB: PSID), developer of unique medical devices and molecular diagnostic systems. The company focuses primarily on diabetes management, rapid medical testing, and airborne bio-threat detection. Its wholly-owned subsidiary, MFS, concentrates on the development of microfluidic systems for automated preparation of and performance of biological assays.
In the company’s news yesterday,
PositiveID Corp. announced it has finalized its first-in-class development of a fully synthetic glucose sensing system to measure glucose levels within the body for people with diabetes.
Through collaborative development efforts, PositiveID and its partner RECEPTORS LLC said they believe they have developed the first fully synthetic, stable, sensitive, selective sensing system that is responsive to glucose in human plasma, marking a critical step toward developing an artificial pancreas.
“The development of a fully implantable glucose sensor is one of the essential requirements for the successful development of an artificial pancreas,” William J. Caragol, chairman and CEO of PositiveID, stated in the press release. “We believe that with the combined expertise of Receptors and our strong intellectual property portfolio that surrounds the development of our GlucoChip project, we are well positioned to play a potentially significant role in making an artificial pancreas a reality for people with type 1 diabetes.”
PositiveID’s glucose sensing system is the key component of its GlucoChip glucose-sensing microchip for people with diabetes. The system is based on PositiveID’s “Embedded Bio-Sensor System” patent, which covers any bio-sensor system that utilizes radio frequency identification technology and includes a remote transponder in wireless communication with an implantable, passively-powered, on-chip transponder.
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