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Small Business Innovation Research Program Awards Grant to Biomoda
Date:6/25/2008

Company developing proposals to fund clinical studies for early detection

of lung cancer

ALBUQUERQUE, N.M., June 25 /PRNewswire-FirstCall/ -- Biomoda, Inc. (OTC Bulletin Board: BMOD) (http://www.biomoda.com), a development stage medical diagnostics company, announced it has received a grant from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (SBTT) seed grant programs to develop proposals for funding of clinical studies using its proprietary testing technology for detection of early lung cancer.

"We're very enthusiastic about the opportunity this capital offers for continued development of various aspects of our portfolio of non-invasive, early stage cancer detection technologies," said Biomoda Government Affairs Advisor Bruce Donisthorpe. "The funding further validates the potential of our innovative technology, particularly the broad-scale benefits expected to accrue from its commercialization."

The SBIR and SBTT's Phase 0 Program provides technology businesses with the opportunity to propose innovative ideas that match research and development needs of 11 participating federal agencies, including the Departments of Homeland Security, Agriculture, Commerce, Defense, Education, Energy, Transportation, Health and Human Services, National Aeronautics and Space Administration, Environmental Protection Agency, and the National Science Foundation.

Biomoda's 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 lung sputum; cancerous cells glow red under fluorescent light and can be detected under a microscope.

Earlier this year, Biomoda and the New Mexico Institute of Mining and Technology announced their partnership with the New Mexico Department of Veterans Services to
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SOURCE Biomoda, Inc.
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