GEN Exclusives

More »

GEN News Highlights

More »
Jul 31, 2009

QuantRx Creates Joint Venture with NuRx Focused on Point-of-Care Products

  • QuantRx Biomedical is forming a joint venture with NuRx Pharmaceuticals to bolster efforts in the point-of-care (POC) market. To be called QN Diagnostics, the new entity will receive about $5 million in cash from NuRx for commercial launch.

    QN Diagnostics will concentrate on accelerating commercialization of diagnostic products that utilize QuantRx’ RapidSense® rapid diagnostics technology. Among the initial products is a line of hypersensitive CLIA-waived quantitative lateral flow diagnostics. They reportedly have reliable and repeatable sensitivity in the low picogram per milliliter level.

    “Our FDA market clearances and recent demonstration of Oral THC tests that meet full Substance Abuse and Mental Health Services Administration guidelines mark the culmination of over a decade of development by our research and development team,” states William Fleming, CSO of QuantRx. “RapidSense®, with its exceptional low-level sensitivity, coupled with our unique device technology allows QN Diagnostics to capitalize on our collective knowledge base to create tests that until now have been limited to laboratory or simple qualitative testing.”

     



Related content

Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Should “Special K” Get Special Treatment?

In the near term, what is the best way to use ketamine in treating depression?