CHROMEDX ANNOUNCES BIOSENSOR DEVELOPMENT AND HEMOPALM UPDATE

CHROMEDX ANNOUNCES BIOSENSOR DEVELOPMENT AND HEMOPALM UPDATE

ID: 354824

(firmenpresse) -
CHROMEDX ANNOUNCES BIOSENSOR DEVELOPMENT AND HEMOPALM UPDATE

November 24, 2014 - ChroMedX Corp. (the Company) (CSE: CHX, OTC: MNLIF, Frankfurt: EIY2), a developer of in vitro diagnostics and point-of-care technologies is pleased to provide an update on the Companys HemoPalm handheld analyser/Cartridge technology and the commencement of biosensor development.

Lead contractor, Aline Inc. has taken delivery of the first batch of biosensors in Rancho Dominguez, CA. and the initial test programme has commenced. The programme will be used to establish test protocols and methods as well as chemistry of electrodes for specific analytes and electronic circuitry to measure results.

The initial tests have provided a clear indication that our technical direction is on track. ChroMedX, aided by a key expert on biosensor technology, is developing its own biosensor technology that will not only create new Intellectual Property for the Company but also provide a significant manufacturing cost advantage over sensor technology currently used in the market. said Dr. Wayne Maddever, President & CEO of ChroMedX Corp.

Along with the above test programme, the Company has been testing shelf life stability of one of the key components of the HemoPalm cartridge. Results to date have shown stability which is expected to provide the HemoPalm cartridge with shelf life that meets or exceeds that of similar products on the market.

The HemoPalm development programme continues with the refining of the electrochemistry of the sensors and construction of the analyser circuitry. The spectroscopic algorithm development programme will begin at McMaster University in Hamilton, Ontario and integration of the spectrometer with the analyser circuitry will occur in parallel at Aline Inc. in Rancho Dominguez, CA.

About ChroMedX Corp.

ChroMedX Corp. is a medical technology company focused on the development of novel medical devices for in vitro diagnostics and point-of-care testing. The devices are protected by the Companys issued US and pending international patents, dealing with blood collection, analysis and plasma/serum processing.





Follow ChroMedX Corp.:
Website: www.chromedx.com
Facebook: facebook.com/chromedxcorpTwitter: www.twitter.com/Chromedxcorp

Investor Enquiries:
W. Clark KentCorporate Development
647-519-2646ckent(at)chromedx.com

CHROMEDX CORP
Suite 520 - 65 Queen Street West
Toronto, Ontario
M5H 2M5
CSE:CHX - OTC: MNLIF
Büro: 647-872-9982
Tel (gebührenfrei)/Fax: 1-844-247-6633
E-Mail: info(at)ChroMedX.com -


NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Companys control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Companys filings with Canadian securities regulators, which filings are available at www.sedar.com



Unternehmensinformation / Kurzprofil:
Leseranfragen:

ChroMedX Corp. ist ein Medizintechnikunternehmen, das auf die Entwicklung neuartiger medizinischer Geräte für die In-vitro-Diagnostik und Point-of-Care-Untersuchungen spezialisiert ist. Die Geräte sind durch die in den USA erteilten und auf globaler Ebene schwebenden Patente, die die Blutentnahme und –untersuchung sowie die Plasma-/Blutserumverarbeitung betreffen, geschützt.



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Bereitgestellt von Benutzer: irw
Datum: 24.11.2014 - 09:34 Uhr
Sprache: Deutsch
News-ID 354824
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