Skip to main content

MedMira Announces Update on Development of Point-of-Care Antibody Test

HALIFAX, Nova Scotia, April 15, 2020 (GLOBE NEWSWIRE) — MedMira Inc. (MedMira) (TSXV: MIR), announced today that it has completed the development of the serological Point-of-Care (POC) testing solution with immediate result. Based on MedMira’s unique and patented Rapid Vertical Flow® (RVF) technology, the newly developed REVEALCOVID-19TM delivers immediate results without the need for any additional equipment such as a reader or a timer. The product is subject to obtaining regulatory approvals to sell in the selected markets. MedMira’s aim is to provide a reliable screening tool to relieve overburdened healthcare providers allowing for faster turn-around times with a rapid and reliable testing solution.
Based on it’s proven and highly flexible RVF technology, MedMira’s in-house R&D team has developed and validated its REVEALCOVID-19TM, a serological total antibody test. The product is ready to submit to the relevant regulators, such as the FDA, through its Notification/Emergency Use Authorization process as announced on March 16, 2020 by the FDA. This test has been listed on the COVID-19 Diagnostic Device Applications by Health Canada.The test can be completed under 3 minutes (from the blood drawn until the testing is completed) and provides an instant result. It can be used with whole blood, serum or plasma and is also ideal for batch testing in laboratory settings, meeting the needs of all possible users across a broad range of testing environments.The REVEALCOVID-19 TM is designed to detect all antibodies found in individuals who have been exposed to SARS-CoV-2 virus, the virus that causes COVID-19 disease. The test, in combination with molecular diagnostic testing, will aid health care professionals to make the most accurate assessment of the status of patients. Rapid diagnostic tools such as MedMira’s test are urgently needed to assess and help to control the spread of the pandemic. This in-house developed test has been validated by MedMira’s scientific research team with over 20 years experience in In Vitro diagnostics using blood specimens obtained from RT-PCR confirmed patients.“MedMira’s patented technology has been proven to provide the fastest and highest-quality testing solutions for HIV, Syphilis, Hepatitis B and C and has obtained regulatory approvals for selected products in many parts of the world. The latest member of our REVEAL family, REVEALCOVID-19 TM, is expected to bring the much needed protection to both healthcare providers and their patients,” said Hermes Chan, CEO of MedMira Inc. “This provides a vital, realistic, timely and effective testing solution that showcases the capability of our RVF technology. It is paramount to identify those who are infected with, or who have been exposed to the virus and also to monitor those who are at high risk. Our existing business is the development and sales of antibody tests for HIV and Hepatitis, and we have internal lab and manufacturing facilities that are FDA certified and staffs who have been engaged in similar R&D for over 20 years.”MedMira’s CSO has approved the scientific disclosure contained in the press release.About MedMira

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.