Navigation Links
NanoSensors Provides Update on Its Biosensor to Detect E.coli and Salmonella

NanoSensors, Inc., a nanotechnology development company that is developing a biosensor device to detect e.coli and salmonella announced today an update regarding its product development timeline for its biosensor. The Company stated that although it had received multiple prototypes of its e.coli biosensor for field testing from its contract manufacturer, due to its limited personnel and financial resources, it has not yet been able to commence field testing the prototype of its biosensor product as it had previously expected.

Although the Company continues to review multiple alternatives in order to strengthen its internal resources, the Company has determined to also explore entering into strategic relationships with a third party in order to facilitate the testing and commercialization of its biosensor product. In order to maximize its ability to pursue bringing a biosensor device to market, the Company will evaluate potential relationships with a range of third parties, including public and private corporations, non-profit organizations, academic institutions and government entities. In this regard, the Company stated that it is focused on partnering with an entity that has experience manufacturing, marketing and selling systems for testing in the clinical molecular diagnostics, industrial and bio-threat markets.

"We have decided to explore these alternatives due to our limited personnel and financial resources," stated Dr. Ted Wong, the Company's Chief Executive Officer. "While we will continue to explore means of furthering the development of our biosensor internally, we cannot foreclose the potential benefits that allying our company with a third party could bring. By working with another entity with greater financial and other resources than we have, we believe that we can significantly reduce the amount of time until we can commercialize our proposed biosensor and begin to generate revenues from our biosensor product. This will a lso allow us to conserve our resources and minimize our overhead expenses," continued Dr. Ted Wong.

"We continue to feel that the need for a product to detect for e.coli and salmonella in food and water is real and growing as has been evidenced by the three major e.coli outbreaks in 2006 and 2007: one involving tainted produce served at Taco Bell restaurants, the second involving washed-and-bagged spinach from Natural Selection Foods, (collectively these two incidents caused deaths and hundreds of illnesses across 19 states). The third and most recent outbreak involved the United Food Group recalling 5.7 million pounds (2,850 tons) of ground beef that sickened 14 people," Dr. Wong added.

The Center for Disease Control estimates that there are 76 million cases of food poisoning a year resulting in 325,000 hospitalizations and 5,000 deaths. Food poisoning is caused by food-borne pathogens such as bacillus cereus, campylobacter jejuni, e.coli and streptococcus. The Company' research indicates that there is not a product out on the market that is easy to use and provides timely results. The current process to detect for e.coli is through a bio-chemical method and colony counts to determine the level of contamination and takes up to four days. No assurances can be given that the Company will be able to locate a third party with which to pursue the commercialization of its biosensor, that any negotiations with a third party will result in the consummation of a strategic transaction or that the anticipated benefits of a strategic transaction will ultimately be realized.


'"/>




Related medicine news :

1. Drug Spironolactone Provides Renal And Cardioprotection In Diabetic Patients
2. Neurobiology Provides Answers To Block Memory-Related Drug Cravings
3. London Hospital Provides Specialized Care For Pregnant Women
4. Breastfeeding Provides Added Protection To Babies
5. Far East Provides A Path To Contain Bird Flu
6. Direct To Home: Television Provides Powerful Fillip to Smoking Cessation Campaigns.
7. Latest Version of Echocardiography Provides Improved Pictures of the Heart
8. Hearing May Be Regained: Research Provides Hopes
9. Study Provides Evidence That Obesity Leads To A More Aggressive Ovarian Cancer
10. Food Safety Extension Specialist Provides Spinach E. coli Advice
11. A New Approach to Heart Bypass Surgery Provides Patients with One-stop Shopping
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:9/22/2017)... MN (PRWEB) , ... September 22, 2017 , ... MEDIA ... at its rally to interview citizens on why they are rallying against Mayo Clinic. ... commitment to this effort against Dr. Noseworthy’s (CEO) decision to close the Albert Lea ...
(Date:9/22/2017)... ... September 22, 2017 , ... On Sunday, September 24, hundreds will gather at ... Joyner, still considered the fastest woman of all time. Flo Jo passed away ... will sing the National Anthem. Mary was a contestant on the 2012 season ...
(Date:9/22/2017)... ... September 22, 2017 , ... ... they often saves lives. However, if one isn’t accessible in certain locations, the ... of defibrillation, I came up with this idea," said an inventor from Ridgecrest, ...
(Date:9/22/2017)... ... 22, 2017 , ... Fenwick Agency of Plano, TX has announced the commencement ... of the nationally recognized ‘Agents of Change’ movement. The agency pledges to select a ... to seek out those who most need help. Their hope is to bring awareness ...
(Date:9/22/2017)... New York (PRWEB) , ... September 22, 2017 ... ... delivers and assembles Passive House buildings, and Richard Pedranti Architect (RPA), ... Passive House from the strategic partner’s Solsken Line of Model Homes . ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)... 22, 2017 AVACEN Medical (AVACEN) announced that ... successfully helping those with the widespread pain associated with ... Amanda in Essex, England commented, ... hair, experiencing no sleep at all, tremendous pain, with ... cannot recommend [the AVACEN 100] enough, how this has ...
(Date:9/19/2017)... HistoSonics, Inc., a venture-backed medical device company developing a non-invasive, robotically assisted, platform ... leadership team developments today:   ... ... Tom Tefft ... Veteran medical device executive Josh Stopek , PhD, who has led ...
(Date:9/19/2017)... , Sept. 19, 2017   ZirMed Inc ., a ... today announced that it has been ranked #1 by its ... Book™ Rankings 2017 User Survey. ZirMed was recognized as ... large hospitals and medical centers over 200 beds and holds ... healthcare technology user survey history. ...
Breaking Medicine Technology: