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Response Biomedical Corp.’s (RPBIF.OB) Receives FDA Market Clearance for Rapid Respiratory Syncytial Virus Test

Source: http://Blog.QualityStocks.net/?p=16767
Posted on Wednesday, July 29th, 2009 | In Market Commentary, Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -

Response Biomedical Corporation announced this morning that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance to market the company’s rapid Respiratory Syncytial Virus (RSV) test. The test runs on the RAMP(R) 200 Reader and will be marketed and sold by 3M Health Care as the 3M(TM) Rapid Detection RSV Test.

The RSV Test is a qualitative immunochromatographic assay designed to be used as an in vitro diagnostic product with the 3M(TM) Rapid Detection Reader (manufactured by Response Biomedical) to detect the presence of RSV F-protein antigens in nasopharyngeal swab, nasopharyngeal aspirate, or nasal wash/aspirate specimens. Detecting RSV facilitates the rapid diagnosis of RSV viral infections in symptomatic patients.

“FDA clearance of our rapid RSV test adds another product to the 3M arsenal that addresses the growing need for detecting upper respiratory infections,” stated S. Wayne Kay, CEO of Response Biomedical. “3M Health Care is expected to introduce this product in the upcoming RSV season, which closely mirrors the influenza season. 3M Health Care currently markets the 3M(TM) Rapid Detection Flu A+B Test in the U.S. and is exploring other market expansion opportunities. Having an additional test, which runs on the 3M(TM) Rapid Detection Reader, should heighten market interest in these innovative products and, once again, demonstrates the potential of Response Biomedical’s platform technology.”

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