Navigation Links
Modern Mobility Aids, Inc. Announces a Revised Agreement for the Acquisition of Lumigene

TORONTO, March 1, 2012 /PRNewswire/ -- Modern Mobility Aids, Inc. (the "Company"), headquartered in Nevada, USA (OTC: MDRM), has revised its agreement to acquire of all the common stock of Lumigene Technologies Inc. ("Lumigene") and expects to complete the transaction by March 31, 2012.

Lumigene is a private Canadian company engaged in developing molecular diagnostic products for the rapid and accurate detection of a number of specific pathogens and infectious diseases. With the acquisition of Lumigene, the Company will address the ever-increasing demand for less time-consuming and more cost-effective methods of DNA testing and diagnosis of infectious diseases at point of care. (Current testing methods typically require several day's work by highly trained technicians in an off-site laboratory.)

Mohamed K. Karatella, President and CEO, discussed the largely unmet need to speed up DNA sample preparation in order to obtain immediate and accurate results on site and the user friendly products being developed by Lumigene for this purpose. --- "Staff at hospitals, healthcare clinics and even airports need fast detection of pathogens, infectious diseases and other ailments right at the point of DNA sampling. Delivering the first available solution to produce such reliable results within an hour with Lumigene's automated and economic technology will open up a broad range of applications with a large global market potential. We are also very pleased to welcome Lumigene's highly talented technical team, which will greatly enhance our innovative bioscience research and add strength to our management team also."

Under the revised agreement, the purchase price for Lumigene is largely predicated on the achievement of certain key business, patent and technological milestones.

About Modern Mobility Aids, Inc.

416 645 8350

SOURCE Modern Mobility Aids, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1

Related biology news :

1. European Neandertals were on the verge of extinction even before the arrival of modern humans
2. Modern genetics answers age-old question on Garrods fourth inborn error of metabolism
3. Invasion of genomic parasites triggered modern mammalian pregnancy
4. Evolutions past is modern humans present
5. Researchers discover oldest evidence of nails in modern primates
6. Modern fish communities live fast and die young
7. Modern EU agriculture jeopardizes biodiversity in new member states
8. Mummies tell history of a modern plague
9. Low-cost molecular medicine should be included in modern eye physicians tool kit
10. Living dinosaurs: The evolutionary history of modern birds
11. Paleontologists audition modern examples of ancient behavior
Post Your Comments:
(Date:7/20/2017)... , July 20, 2017 Delta (NYSE: DAL ) ... any Delta aircraft at Reagan Washington National Airport (DCA). ... Delta launches biometrics to board ... Delta,s biometric boarding ... Club is now integrated into the boarding process to allow eligible ...
(Date:5/16/2017)... May 16, 2017  Veratad Technologies, LLC ( ... age and identity verification solutions, announced today they will ... 2017, May 15 thru May 17, 2017, in ... International Trade Center. Identity impacts the ... in today,s quickly evolving digital world, defining identity is ...
(Date:4/18/2017)... , April 18, 2017  Socionext Inc., a global expert ... a media edge server, the M820, which features the company,s hybrid ... software provided by Tera Probe, Inc., will be showcased during the ... the NAB show at the Las Vegas ... ...
Breaking Biology News(10 mins):
(Date:10/11/2017)... , Oct. 11, 2017  VMS BioMarketing, a leading provider ... nationwide oncology Clinical Nurse Educator (CNE) network, which will launch ... for communication among health care professionals to enhance the patient ... office staff, and other health care professionals to help women ... cancer. ...
(Date:10/10/2017)... (PRWEB) , ... October 10, 2017 , ... San Diego-based ... of its corporate rebranding initiative announced today. The bold new look is part ... as the company moves into a significant growth period. , It will also expand ...
(Date:10/10/2017)... SomaGenics announced the receipt of a Phase ... (Single Cell), expected to be the first commercially available ... from single cells using NGS methods. The NIH,s recent ... development of approaches to analyze the heterogeneity of cell ... for measuring levels of mRNAs in individual cells have ...
(Date:10/9/2017)... , ... October 09, 2017 , ... At its national ... Christopher Stubbs, a professor in Harvard University’s Departments of Physics and Astronomy, has been ... a member of the winning team for the 2015 Breakthrough Prize in Fundamental physics ...
Breaking Biology Technology: