ALBUQUERQUE, N.M., Sept. 22 /PRNewswire-FirstCall/ -- Biomoda, Inc. (OTC Bulletin Board: BMOD) (http://www.biomoda.com), a development stage medical diagnostics company, expanded its intellectual property portfolio with approval from the U.S. Patent and Trademark Office for its Trademarks CyDx(R) and CyPath(R).
"We are pleased to receive these two new trademark protected names for our product portfolio," said John Cousins, Biomoda president. "It is a big milestone for us to achieve sales and meet the metrics for getting these registered trademarks. CyDx(R) and CyPath(R) are particularly powerful and memorable names and will help to differentiate our cancer diagnostic assays."
Biomoda's innovative, non-invasive technology is designed for early lung cancer screening of large populations at a reasonable cost. With the technology, clinicians can identify cancerous or aberrant cells extracted from samples of sputum. When exposed to CyPath(R), cancerous cells in sputum glow red under fluorescent light and can be detected under a microscope.
Biomoda, with funding provided through the New Mexico Institute of Mining and Technology and the New Mexico Department of Veterans Services, is currently conducting a clinical study using Biomoda's proprietary testing technology for detection of early lung cancer in the veterans. The New Mexico state legislature allocated $1.6 million in funding for the screening program.
Lung cancer claims more lives than any other cancer. The expected five-year survival rate for all patients diagnosed with lung cancer is 15 percent; the five-year survival rate for cases detected when the disease is still localized is 50 percent. Presently, only 16 percent of lung cancer cases are diagnosed at this early stage.
Biomoda's technology was originally developed at Los Alamos National
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Forward Looking Statement
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of BIOMODA's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. BIOMODA, Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in BIOMODA's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
|SOURCE Biomoda, Inc.|
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