press releases
BIOLYTICAL RECEIVES LICENSING APPROVAL FOR INSTI™ KIT IN LATIN AMERICA
Aug 07, 2007
FOR IMMEDIATE RELEASE
VANCOUVER, BC, August 7, 2007 – bioLytical Laboratories (bioLytical) announced today that it has received final licensing approval for the INSTI™ kit in Venezuela and Mexico. INSTI™, a 60-second rapid HIV test for point-of-care testing, is now available in these countries for sale and distribution.
“Latin America has attributed its high HIV transmission rates to common factors including widespread poverty and migration, and a lack of education and awareness,” says Matthew Clayton, Chief Operating Officer, bioLytical. “This approval is an important and necessary first step to provide the countries in this region with access to rapid HIV testing.”
Venezuela has an estimated population of 26,023,528 people. With approximately 110,000 people reported living with HIV as of 2005 (0.7% prevalence) it has one of the largest HIV/AIDS epidemics in the Latin American region. Mexico is the most populous of the Latin American countries with an estimated population of 108,700,891. In 2005 there were approximately 180,000 people living with HIV (0.3% prevalence).
bioLytical is a Canadian company that has developed the INSTI™ HIV-1/HIV-2* Rapid Antibody Test. INSTI™ is a rapid, in-vitro, qualitative test for the detection of antibodies to Human Immunodeficiency Virus (HIV) Type 1 in human whole blood, serum or plasma. The test is intended for use by trained personnel in medical facilities, clinical laboratories, emergency care situations, and physicians' offices as a screening assay capable of providing test results in less than 60 seconds.
After completion of a lengthy approval process, bioLytical is pleased to open up business channels with Latin America. Mexico and Venezuela will be added to a growing list of countries that have already licensed the INSTI™ kit around the world.
“Mexico and Venezuela are leading the way in Latin America by bringing this diagnostic testing to their citizens,” says Carl Roy, bioLytical Chief Operating Officer. “We are in discussions with other countries in this region and we are optimistic the INSTI™ Kit will be available in more countries in the near future.”
ABOUT INSTI™ HIV-1/HIV-2* RAPID ANTIBODY TEST
The INSTI™ HIV-1/HIV-2* Rapid Antibody Test is a rapid, in-vitro, qualitative test for the detection of antibodies to Human Immunodeficiency Virus Type 1 in human whole blood, serum or plasma. The test is capable of providing results in 60-seconds and is intended for use as a screening assay by trained personnel in medical facilities, clinical laboratories, emergency care situations, and physicians' offices.
ABOUT BIOLYTICAL LABORATORIES
bioLytical Laboratories (Inc.) is a leading developer and manufacturer of diagnostic tests for global health care markets. bioLytical is a privately owned company with headquarters and a state-of-the-art manufacturing facility located in Richmond, British Columbia, with offices in United Kingdom and Uganda, Africa. For more information about bioLytical and INSTI™, please visit www.biolytical.com.
This news release is not, and under no circumstances is to be construed as, an
advertisement, solicitation or offering of securities of bioLytical Laboratories. The
statements made in this news release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
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Media Contact:
Amanda Smith, BSc.
Smith Biotech
Phone: (778) 846-4116
amanda@smithbiotech.com

