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Molecular Detection Inc. Completes $1.5 Million Financing to Advance New Tests for Sepsis and GI Disorders
Date:3/7/2012

ed that the Detect-Ready MRSA assay is superior to the GeneOhm panel in terms of specificity, while still providing a more rapid screening service compared to traditional microbiology culture methods.

Mr. Wallach continued, "Allowance of the new European patent for our shelf-stabilization technology further enhances the robust intellectual property estate protecting the distinctive advantages of our Detect-Ready technology, complementing our existing European and US patents for our differential diagnosis technology that can analyze multiple gene targets to achieve a highly accurate and informative result." 

The two new test panels being developed by MDI also leverage its differential diagnosis technology.  Sepsis is a potentially life-threatening complication arising from infection, most frequently in hospitalized patients.  Diagnosing sepsis can be difficult and MDI's Detect-Ready sepsis panel is designed to test for a range of targets in order to pinpoint the underlying infection, allowing treatment to begin as soon as possible.  Similarly, patients being treated in institutions are at risk for a variety of serious gastrointestinal infections that can be life threatening and costly.  MDI's Detect-Ready gastrointestinal panel aims to be the first that can distinguish the source of the infection using a single molecular diagnostic test, facilitating timely and effective treatment.  Beta testing for both the Detect-Ready sepsis and GI panels has begun in select healthcare facilities.

All existing investors, including MentorTech Ventures, Robin Hood Ventures, Elm Spring Holdings and the Mid-Atlantic Angel Group participated in the $1.5 million financing.

The Detect-Ready MRSA Panel is a qualitative real-time PCR in vitro diagnostic test that is marketed in the European Union (EU) and other territories and is in late-stage development in the US.  It is CE-marked for the detection of MRSA (meth
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SOURCE Molecular Detection Inc.
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