Algernon Pharmaceuticals Inc (AGNPF)

[hoyowasobo]

no trial has started yet with the nanose tech since bthcf licensed the tech. furthermore owlstone has a breathalyzer aswell (lucid coupled to faims device)

But reluctance by regulatory agencies like the FDA directed at DTC genetic tests—and now Pathway’s liquid biopsy—could make the effort to commercialize e-noses all that more difficult. It has already been challenging for companies like Alpha Szenszor, a Boston-based marketer of nanotechnology tools that has been trying to get into the e-nose business but has struggled to gain support from venture capitalists, who have been unsure about the regulatory path forward, according to founder and CEO Steve Lerner.

http://www.forbes.com/sites/arleneweintraub/2015/09/29/can-a-blood-test-find-undetected-cancers-not-so-fast-says-fda/#5226110fa6d0

hiack and Alpha Szenszor are in a joint venture to bring a device to market for lung cancer. http://www.israel21c.org/the-nose-that-can-smell-cancer-goes-commercial/

and they are in that joint venture since 2013 and said in the article:

The new partnership will aggressively push to produce a manufacturable commercial “appliance” within two to three years. FDA testing could take up to another five years.

still it seems nothing has come out of the joint venture yet probably because of that:

has struggled to gain support from venture capitalists, who have been unsure about the regulatory path forward,

not even a mention on the http://www.alphaszenszor.com/ website.

if this thing was anywhere near hot one would think they wouldnt have any problems doing a financing. bthcf did a financing but i guess what bthcf has collected is not anywhere near the amount of money which will be needed to bring this device to market (is $ 100 million enough?).

so bthcf is trying to do it to then do the following?:

But before the decade is over, Haick and Lerner are confident that your local family physician should have a pocketsize “Na-Nose,” costing as little as $10, in his or her office. The initial device will be a lot more expensive, perhaps as high as $10,000 per unit, which will limit it to larger clinics and hospitals. But that’s still much less expensive than a CT imaging machine, and smaller.

10 bucks in the end?! is this a joke? there is a problem when someone is on the 100 GOOD list imo. its good for humanity but not good for investment.