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QuantRx Biomedical Settles Suit: Launches New PAD-Based Genomic Diagnostic Products
Date:7/14/2011

lidating our key research assumptions. We look to our OTC pads to provide our initial revenue base that will allow the company to pursue its creative diagnostic technologies."

The imminent entry into clinical investigations to develop our novel approach to fetal genomic diagnostics is especially exciting," stated Dr. William Fleming, QuantRx's President & Chief Scientific Officer. "The refocusing of our efforts will enable us to rapidly enter the market and build shareholder value back into QuantRx with revenue and exciting new technology."

About QuantRx Biomedical (www.quantrx.com)

QuantRx Biomedical Corporation (OTCBB: QTXB) is focused on the development and commercialization of innovative over-the-counter and genomic products for advanced diagnosis of serious disease and health conditions. With synergistic expertise in the discovery of diagnostic platforms leveraging a vast portfolio of intellectual property, QuantRx's mission is to introduce products for use by its medical laboratory and consumers that deliver more accurate, reliable, and cost-effective diagnoses which result in improved patient care and a reduction in overall healthcare costs.

The QuantRx strategy targets significant market opportunities estimated to be in excess of $5 billion worldwide. The Company's technology portfolio, with more than a dozen patents, patents pending and licensed patents, includes: PAD technology for over-the-counter applications, and the diagnosis and treatment of women's health concerns and other medical needs, and significant investments in genome-based diagnostic chips for the laboratory and healthcare professional markets, addressing significant unmet medical needs by providing clinicians with important tools for early discovery and assessment.

This release may contain forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements
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