PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: ECON Corporate Services / InvestorIdeas.com™

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Major Drug Testing and Diagnostic Transaction Announced by MDM Group - MDM Group, Inc. (OTC.PK: MDDM) advises that it has entered into agreement with Sun Biomedical Laboratories, Inc. of New Jersey to acquire control of the world's leading oral fluid (saliva) testing technologies.
Major Drug Testing and Diagnostic Transaction Announced by MDM Group

 

NewswireToday - /newswire/ - Santa Clara, CA, United States, 2005/07/21 - MDM Group, Inc. (OTC.PK: MDDM) advises that it has entered into agreement with Sun Biomedical Laboratories, Inc. of New Jersey to acquire control of the world's leading oral fluid (saliva) testing technologies..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Security/Law Enforcement Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

MDM Group to Acquire Leading Oral Fluid Testing Technologies

The technologies comprise unique tests for illicit drugs, tests for clinical applications and also process and device technologies. Many of the tests have existing FDA clearances and along with the device technologies are protected by a series of issued patents.

MDM has entered into a Collaboration Agreement that has provision for the joint development and marketing of a unique product portfolio for a period of up to 18 years. MDM Group has negotiated a further eight-month option to acquire the Sun Biomedical business for $2.8 million through a share issue. Sun Biomedical, which was founded in 1993, currently has 12 employees and annual revenue of approximately $1.5 million.

Dr. Ming Sun, the founder of Sun Biomedical and a pioneer of oral fluid testing, stated: "We have explored many opportunities to expand our business so that we could be better positioned within the still young, but explosive, oral fluid diagnostic, screening and testing markets with our leading-edge and patent-protected technologies, and we envision MDM's Bamburgh Marrsh (bamburghmarrsh.com) collection, reader and overall evidential system to represent, in our view, the best available oral fluid test system available. It is clear that MDM's Bamburgh Marrsh is a perfect marriage partner for our business."

MDM Group CEO, Dr. Paul Slowey, PhD, stated: "Both as a founder of Bamburgh Marrsh and as the MDM Group CEO, I am absolutely delighted to be announcing our agreement with Sun Biomedical today. Having the opportunity to package exclusive and unique total testing and screening solutions within our corporate interests that can now incorporate the world's most advanced patent protected oral fluid testing technologies will most certainly contribute to giving us a market edge, as well as giving us the opportunity to become the world standard."

Oral fluid testing and/or diagnosis is rapidly being established as an extremely economic, efficient and non-invasive process that through the Company's technologies will be capable of delivering instant on the spot results as opposed to the far more expensive, invasive and delayed results of tests using urine or blood samples. As referenced within an Interview published by the Wall Street Journal last April 19: "A sample of saliva can have within it DNA, RNA, proteins, germs, viruses, fatty acids and a host of interesting molecules useful in disease detection...whatever is in the blood is probably also in saliva. It is, in most of the case, a reflection of our blood, it's a blood filtrate."

Dr. Slowey adds: "Not only do we have major opportunities within the clinical disease identification markets, but we also are positioned as a major player in the Law Enforcement drug testing initiatives as well as having significant application in the biodefense, job screening, sports, gaming and similar markets."

MDM Group's business interests are focused on the Security, Biodefense and Homeland Security industries.

Safe Harbor Statement

The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.

MDM Group is featured on Homelanddefensestocks.com a global investment research portal for defense and security.

Source: MDM Group, Inc.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Security/Law Enforcement Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ECON Corporate Services / InvestorIdeas.com™

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Security/Law Enforcement articles,
CATCH Visitors via Your Competitors Announcements!


Major Drug Testing and Diagnostic Transaction Announced by MDM Group

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Trevor Ruehs 
866-894-3910
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ECON Corporate Services / InvestorIdeas.com™ securities in any jurisdiction including any other companies listed or named in this release.

Security/Law Enforcement via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ECON Corporate Services / InvestorIdeas.com™ / Company Profile


Read Security/Law Enforcement Most Recent Related Newswires:

Beretta Research and Innovation Center to Test New Safety and Security Technology in the U.S
Frost & Sullivan Highlights Scott Safety’s Introduction of Scott Sight - a Unique In-mask Thermal Imaging System for Firefighters
G4S Wins Contract Extension for Canadian Air Transport Security
G4S and Digital Barriers Announce Technology Partnership
FICAM Approved Symmetry Solution
AMAG Technology Symmetry™ Access Control Integrates with G4S RISK360® Incident and Case Management
AMAG Technology Announces Symmetry Blue Reader Range to Support BYOD Environment
AMAG Technology Releases Symmetry CompleteView Video Management System v4.6.2
G4S Cash Solutions Announces Strategic Alliance in ATM Engineering
Beretta Collaborates with McRee Precision on Limited Edition Tikka Rifle
2015 Brampton Business Excellence Recipient Kien Hoang Shares His Experience in Entrepreneurship
G4S Awarded New Kuwait International Airport Contract
G4S Philippines Wins Industry Award
Tokyo Metropolitan Police Selects Leonardo-Finmeccanica AW109 Trekker
Platesmart Technologies Receives 2016 Best of Oldsmar Award

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)