Health Discovery Corp (HDVY)

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Scam?

I’m one of the original shareholders with a 30-year entrenchment in the clinical diagnostics industry. Early 1990s, while I was employed at SmithKline Beecham Clinical Laboratories (now Quest Diagnostics) we used a PSA test licensed from Barnhill Clinical Laboratories (BCL).BCL was then acquired by Quest Diagnostics.

Barnhill was not a scam, but a clinical laboratorian who performed and developed laboratory testing. He was a pioneer in artificial intelligence machine learning applied to molecular diagnostics. He invented a poop-load of patents including neural networks and support vector machines including the SVM-RFE.

Our early licensing agreements were not scams although poorly executed for reasons I can only speculate.

We gave Vermillion our technology for a song. It was later developed with Quest Diagnostics into the Ova1 assay; a proteomic test for Ovarian Cancer. Now Aspira Labs, our technology is part and partial to the success of this currently flourishing lab. We made a similar mistake with another flourishing commercial lab - Neogenomics.

Lastly, to ink licensing deals with both Quest Diagnostics and Abbott Molecular is about as non-scammy as it gets. Both are among the largest diagnostic companies on the planet.

AI exploded in the clinical diagnostic sector, and I could only imagine HDC never had the legal infrastructure to go after infringers while still expanding business objectives. Hence its haplessness.

If the post-Barnhill strategy was to allot all company resources to go after Intel, then it looks like it might actually pay off.