PORTLAND, Ore., June 7, 2012 /PRNewswire/ -- QuantRx® Biomedical Corporation (OTCBB: QTXB) is pleased to announce the completion of several key milestones achieved during 2011 and early 2012. The Company has made significant progress on the development of innovative diagnostic products that utilize its patented PadKit™ collection system and genomic technology platform for the furtherance of women's health and fetal medicine world-wide.
The Company boasts two robust proprietary platform technologies focused on a) retail and over the counter applications of its treated and untreated miniform pads including its InSync™ line of feminine hygiene products and Unique™ line of hemorrhoid treatment products, and b) diagnostic applications utilizing its proprietary PadKit™ technology that enables the routine collection of biologic material for later analysis, testing and diagnosis in a laboratory setting. The Company had demonstrated clinical "proof of concept" for the non-invasive collection of fetal cells from a pregnant woman sufficient in quantity to enable the in utero diagnosis of a variety of genomic and metabolic disorders including Down's syndrome and Tay-Sachs disease as well as numerous other metabolic and genomic disorders and abnormalities. Once fully-developed, the Company's fetal diagnostic platform will offer a simple, safe, repeatable and cost effective solution, which could eliminate the need for existing invasive protocols, such as amniocentesis, that pose significant risk to both mother and fetus.
The Company has established a wholly owned subsidiary, QX Labs, Inc., that contains the assets and intellectual property related to the PadKit™ diagnostics and cell collection technologies. The Company is currently evaluating a variety of alternatives for its QX Labs subsidiary, which may include a strategic partnership, or a partial or full spin-off of QX Labs to current QuantRx® sh
|SOURCE QuantRx Biomedical Corporation|
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