Acrongenomics on Track to Acquire Molecu...(arative trials are completedthe company ...)

Dr Dimitris Goundis, CEO of Acrongenomics commented: "Molecular Vision has an exceptional team working with a very exciting technology that we feel will become a very significant part of the US$11bn market. Because of the compact and mobile nature of this technology, we see it as having much wider application than we envisaged when we made the initial investment to secure rights for kidney, cardiovascular and STD applications. We now see this as a standard unit that will be used in the hospital clinics, wards, operating theatres and emergency departments, indeed wherever quick results are required for rapid intervention at one end of the spectrum or for the convenience of the patient in the clinic or physicians office environment at the other end. However the true versatility of this device is such that the unit can be taken into the field, not only to support community based health initiatives, but also in homeland security and in the veterinary field where in situ testing for infectious disease could take place. Having seen all these applications open to the device it is now appropriate for us to protect our initial investment and take total control over the rapid commercialisation of this exceptional and versatile technology."

Dr Ian Campbell, CEO of Molecular Vision added: "Acrongenomics is an ideal partner to support the Company as we now have the guaranteed access to funding that will now allow the team to concentrate solely of generating comparative data for an increasing range of diagnostic tests. Since we first showcased the device in March of 2007 we have been able to improve the detection sensitivity 100-fold through a combination of optimised light sources, light detectors and filters, all of which are assembled at low cost, ideal for the point-of-care diagnostic market. We now need to sh
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