Thermogenesis Holdings Inc (THMO)

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BIG NEWS today!

ThermoGenesis Announces Filing of Patent Applications for Device that Improves the Accuracy of Lateral Flow Immunoassays (LFIA) in the Detection of COVID-19 Antibodies

https://thermogenesis.com/thermogenesis-announces-filing-of-patent-applications-for-device-that-improves-the-accuracy-of-lateral-flow-immunoassays-lfia-in-the-detection-of-covid-19-antibodies/

RANCHO CORDOVA, Calif., June 11, 2020 — ThermoGenesis Holdings, Inc. (Nasdaq: THMO), a market leader in automated cell processing tools and services in the cell and gene therapy field, announced today that the Company has filed patent applications for a point-of-care device which improves the speed and accuracy of lateral flow immunoassays (LFIA) to detect COVID-19 IgM and IgG antibodies from a single drop of blood. The applications for the COVID-19 LFIA reader have been filed in the United States in accordance with the recently announced USPTO COVID-19 prioritized examination Pilot Program under 37 CFR 1.102(e).

“Today’s LFIAs, in certain cases, are challenging for untrained users to properly read when results are indicated by weakly stained bands,” stated Phil Coelho, Chief Technology Officer of ThermoGenesis. “Variances among patients, if not read properly, could generate either false-negatives or false-positives. Additionally, in the large-scale screening environment, such as employer-sponsored screens of employees, record keeping by hand slows test administration and introduces the potential for recordkeeping errors.”

Mr. Coelho continued, “ThermoGenesis’ COVID-19 LFIA reader will enable the user to simply slide the test cartridge into a portable reader, providing an instant readout which can be immediately recorded into a corporate database, and/or a cloud-based web portal. This data will yield epidemiologically valuable insight into the evolution of the geographic distribution and spread of COVID-19 seropositivity in real time.”