Algernon Pharmaceuticals Inc (AGNPF)

[drt1111]

2018-11-05 07:00 ET - News Release


University of Florida to Complete Prototype Development

VANCOUVER, British Columbia, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Breathtec Biomedical Inc. (CSE: BTH) (CNSX: BTH) (FRANKFURT: BTI) (OTCQB: BTHCF) (the “Company”) is pleased to report on the development of its Breathtec Disease Detection Breathalyzer (“V3”) prototype based on the FAIMS (field asymmetric waveform ion mobility spectrometry) technology. The Company announces that it has amended its research agreement with the University of Florida’s Analytical Chemistry Department, where Dr. Richard Yost, the Principal Investigator, will work to advance the V3 prototype, or future iterations, through its final stages of prototype development. Dr. Yost is one of the world’s foremost experts on FAIMS technology and has been a scientific advisor with the Company since 2016.

Before the V3 prototype development phase is successfully completed, the device will need to achieve a number of performance characteristics including device sensitivity, precision and reproducibility in a laboratory setting. Once the prototype work is completed, the device will be ready to be moved into a research use only (RUO) development phase. The goal of this phase will be to engineer and produce field ready devices that will be made available to research scientists worldwide to help advance the discovery and validation of breath-based biomarkers.

It is generally regarded within the global breath research community, that a portable, point of care breathalyzer device, that can accurately identify and quantify biomarkers in real-time, could dramatically enhance and improve the current research landscape. This advancement could possibly lead the way to regulatory approved testing.

The company’s continued support of Dr. Yost’s FAIMS research program is the result of an extensive internal review that was undertaken by the Company to identify the most cost and time effective path forward in order to achieve the goal of having an RUO device available for distribution to the research market. The Company also confirms that all collaborative research agreements with other third parties have now ended.

About Richard A. Yost Ph.D.