| High Throughput Screening - Magnetic Testing Platform (HTS-MTP) |
HTS - MTP Biomagnetics Diagnostics Corp. has designed a revolutionary system of diagnostics. Our High Throughput Screening – Magnetic Testing Platform (HTS-MTP) is designed to detect both qualitative (chemical identification of the elements present in a substance) and quantitative (number of specific elements in a substance) results from a single test. Today's immunoassays (a chemical procedure for detecting infections) detect specific antibodies (blood proteins produced in response to and counteracting alien substances found in the body such as viruses and bacteria) but do not evaluate viral load (quantitative analysis), nor do they detect the antigen (the virus or bacteria itself). The HTS-MTP system utilizes technology that is simple in concept, but revolutionary in scope--allowing for the detection of the virus by "measuring" the magnetic field of micro-particles bonded to the virus in a fraction of the time and costs of existing assays. Most testing conducted in the United States today are screening assays (limited to the detection of antibodies), and are largely for detection purposes only. These tests are limited because they can only detect the presence of antibodies after a minimum infection time of two to six weeks. The Western Blot Test, the most widely used confirmatory test, again tests only for antibodies. The HTS-MTP system is designed to detect the virus (not the antibodies the human body produces to react to the virus) in a fraction of the time--72 to 96 hours. All with near 100% accuracy.
According to S & P's Industry Surveys, Biotechnology, December 29, 2005 revenues for all publicly traded
biotech companies (US and non-US biotech-related concerns trading on major US stock markets) are expected to reach $50 billion in
2005.
One of the largest medical products segments, in-vitro diagnostics accounted for about 18% of total industry sales, based on Health Industry
Manufacturers Association (HIMA) estimates.
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