Navigation Links
Veteran Wall Street Securities Analyst Reports on Health Discovery Corporation
Date:4/20/2011

SAVANNAH, Ga., April 20, 2011 /PRNewswire/ -- "We are in the midst of a revolutionary change in diagnostic medicine that targets early detection of major health issues such as cancer. It is based upon mathematical algorithms that can accurately identify between healthy and diseased human tissue," said Howard Stillman, a veteran Wall Street Securities Analyst in a report about Health Discovery Corporation.

Health Discovery Corporation (OTC Bulletin Board: HDVY), located in Savannah, GA., has pioneered in the field of Molecular Diagnostics for over 10 years and has been awarded 49 patents with an additional 39 patents pending for its established technology utilizing Support Vector Machines.  

Reflecting its accomplishments to date, as mentioned in its recently released Annual Report, Health Discover Corporation has completed its testing and has received payments on two major joint ventures with Abbott Labs and Quest Diagnostics. The successful results have been announced on their urine test for prostate cancer where it demonstrated 97-99 % effectiveness in diagnosing cancer cells as well as normal body tissues. This compares with the PSA blood test for prostate cancer, which has only 70-80% accuracy.

"It looks like the Company is primed for significant operating growth when the aforementioned medical companies launch their worldwide commercial programs following their successful validation of the results of the preliminary tests.  It has taken a longer period of time than first predicted to get to this stage of the process, but now with the tests completed, one can expect a quicker resolution of the introduction of the product to the market," Mr. Stillman reported.  

The techniques' applied mathematical formulas combined with artificial intelligence sources to identify the chromosomes and the cells genetic makeup to determine if disease is present and which specific targets to treat. Moreover, the test can disclose by testing the blood if the cancer has spread through the body. These studies provide early detection which can lead to an improved opportunity for doctors to treat and cure disease in its early stages when greater success can be achieved. It can also enhance the use of existing drugs and advance the development of new medicines that can effectively cure the disease. In summary, early detection, optimal therapy, reduced drug reaction and lower health costs are possible in this new world of Personalized Medicine.

New agreements have also been established with the Anderson Cancer Center in Texas and Beth Israel hospital in New York, among others, and the tests are in progress for diagnosing cancers of the breast (subsequent contract with Quest), pancreas, colon melanoma and leukemia with current and future partners. The Company's current sources of revenue include license fees, milestone payments, service programs and royalties. The Company is at a stage when its potential can be realized as an important participant in the $50 billion annual medical diagnostic market growth, Stillman concludes.


'/>"/>
SOURCE Health Discovery Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Amarin Corporation Appoints Industry Veteran Paul E. Huff as Chief Commercial Officer
2. Content Management and Life Sciences Software Veteran Joins Virtify as Vice President of Worldwide Sales
3. Savara Announces Appointment of Pharmaceutical Veteran to Board of Directors
4. ChromaDex Names Pharmaceutical Industry Veteran William F. Spengler as President
5. ORNLs research reactor revamps veteran neutron scattering tool
6. Vaccinogen Names Veteran Biotech Executive Michael Kranda President & CEO
7. RBC Life Sciences Fills Newly Created Vice President of Sales and Marketing Position With Industry Veteran
8. Jennerex Adds Industry Veteran Paul Cleveland to Board of Directors
9. Trillium adds industry veteran Dr. Mike Gresser to its Board of Directors
10. Biofuels Technology Leader Qteros Names Industry Veteran John McCarthy President and Chief Executive Officer
11. CSOFT's MedL10N Hires Beckman Coulter Veteran Tammy Werner
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2017)... ... 27, 2017 , ... Mitotech S.A, a Luxembourg based clinical stage biotechnology company, ... LHON is a rare devastating genetic disease that leads to a sudden and rapid ... of 20 patients carrying 11778, 14484 and 3460 mutations and having experienced the onset ...
(Date:4/27/2017)... Orleans, La. (PRWEB) , ... ... ... Monitoring Technologies today announced a comprehensive rebrand and a name change to ... for the industrial and laboratory monitoring of polymer and biopharmaceutical manufacturing processes ...
(Date:4/26/2017)... ... 26, 2017 , ... Looking for gift ideas for mom ... offers one-of-a-kind gifts, ranging from gourmet cooking experiences to Farmer’s Market Tours and ... inspired with new cooking tips and techniques, thanks to Chef Jodi Abel’s expertise ...
(Date:4/26/2017)... ... April 26, 2017 , ... NextSteps ... and North America this May on the following dates: , ?    London, ... Taylor, Chairman of the Learning and Performance Institute will be the opening ...
Breaking Biology Technology:
(Date:4/5/2017)... 2017 KEY FINDINGS The global ... a CAGR of 25.76% during the forecast period of ... factor for the growth of the stem cell market. ... MARKET INSIGHTS The global stem cell market is ... geography. The stem cell market of the product is ...
(Date:3/30/2017)... The research team of The Hong Kong Polytechnic University (PolyU) ... ground breaking 3D fingerprint minutiae recovery and matching technology, pushing contactless ... use in identification, crime investigation, immigration control, security of access and ... ... A research team led by Dr Ajay Kumar ...
(Date:3/27/2017)... , March 27, 2017  Catholic Health ... and Management Systems Society (HIMSS) Analytics for achieving ... Adoption Model sm . In addition, CHS previously ... U.S. hospitals using an electronic medical record (EMR). ... its high level of EMR usage in an ...
Breaking Biology News(10 mins):