DECISION DIAGNOSTICS' PANACEA GENPRECIS! PRODUCT MOVES INTO PRE-PRODUCTION, 1ST ROUND CLINICAL TRIALS TO BEGIN IN THE ~30 DAYS
21 März 2018 - 2:40PM
InvestorsHub NewsWire
Initial
testing proves DECN’s GenPrecis! system is performing above and
beyond published standards, looking toward becoming an industry
Legacy in its own right!
Los Angeles, CA -- March 21, 2018 --
InvestorsHub NewsWire -- Decision Diagnostics Corp. (OTC PINK:
DECN) is a manufacturer, quality plan administrator, FDA
registered medical device customer support organization, and
exclusive worldwide sales and regulatory process agent for the
GenUltimate! ("Sunshine") diabetes test strip, the new
internationally launched GenSure! ("Feather") diabetes test strip,
and the GenChoice! "Ladybug" diabetes test strip now in clinical
trials.
Today, we are excited to discuss the
progress and the successes we have had with our panacea system,
GenPrecis!. We are pleased to report our progress is ahead of
schedule and set for International launch in late spring 2018, a
more precise date shall be announced in coming weeks.
Keith Berman, CEO of Decision
Diagnostics, commented, "In the past 90 days we have finished the
development of the GenPrecis! system proving to ourselves and our
partners that we have created a panacea product that promises to
provide the most accurate glucose results of all commercially
available glucose monitoring systems. GenPrecis!, in fact, is now
performing as well as many hospital-based bedside chemistry
analyzers.”
GenPrecis! is designed to exceed
published performance standards for at-home glucose devices by as
much as 50%, while operating in a "portable package" small enough
to fit comfortably in the hand of an 11 or 12-year-old, while
providing glucose results to diabetics for less than
$.25 per strip. "
The need for a product such as
GenPrecis! has become even more critical and pronounced with
continuous monitoring products entering the marketplace. GenPrecis!
fills a demand vacuum by operating with greater precision , but
also by providing innovative wireless data exchange, all in a small
hand-held meter. In addition to our “25 cent” precise solution, we
anticipate that GenPrecis! Precise meters will be provided to the
diabetic free of charge.
Mr. Berman continued, "If we
benchmark a static growth rate of at-home glucose solutions in the
worldwide markets, DECN forecasts a 6% market share for GenPrecis!,
by 2022. With the average usage of three test strips per day
($.75), we believe that GenPrecis!, could generate revenues in the
low to mid 9-figures. Net profit margins are expected to be
in excess of 20%.
Mr. Berman concluded, "As stated in
late December, GenPrecis! has provided DECN with a major
opportunity to become its own legacy. Our engineers were charged
with the task of designing a product that will carve a
technological gateway to the next decade and beyond. The company
continues to believe that we will need a partner with deep pockets,
international presence, and large worldwide sales forces to take on
the challenge and the opportunities presented. Three of these
potential partners have already found us and meetings have
ensued."
ABOUT DECISION DIAGNOSTICS
CORP.
Decision Diagnostics Corp. is the leading
manufacturer and worldwide distributor of diabetic test strips
engineered to operate on legacy glucose meters. DECN's products are
designed to operate efficiently and less expensively on certain
glucose meters already in use by almost 6 million diabetics
worldwide. With new inspired technology diabetic test strips
already in the final stages of development, DECN products will
shortly compete on a worldwide scale with legacy manufacturers
currently selling to 72+ percent of a $14.4 billion
market.
Forward-Looking
Statements:
This release contains the company's
forward-looking statements which are based on management's current
expectations and assumptions as of March 20, 2018, regarding the
company's business and performance, its prospects, current factors,
the economy, and other future conditions and forecasts of future
events, circumstances, and results.
CONTACT INFORMATION:
Decision Diagnostics Corp.
Keith Berman (805) 446-2973
Joanne Broeders (305) 340-1000
info@decisiondiagnostics.com
www.pharmatechdirect.com
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