AMDL Diagnostics Inc. Presenting at the AACC Annual Meeting and Clinical Lab Expo in Chicago, July 20-23, 2009
July 22 2009 - 9:30AM
PR Newswire (US)
Company's VP of Scientific Oversight to present AMDL's
Onko-Sure(TM) in vitro diagnostic cancer test to conference
attendees TUSTIN, Calif., July 22 /PRNewswire-FirstCall/ -- AMDL
Diagnostics Inc., a wholly-owned subsidiary of AMDL Inc. (NYSE
Alternext US: ADL), announced today its Vice President of
Scientific Oversight of AMDL Diagnostics Inc. is presenting at this
year's AACC Annual Meeting and Clinical Lab Expo in Chicago, IL.
Dr. Andrea Small-Howard will introduce AMDL's non-invasive
Onko-Sure(TM) in vitro (IVD) diagnostic blood test to conference
attendees that include clinical laboratory professionals,
physicians, research scientists, and other individuals involved
with clinical chemistry and related disciplines. AMDL's Onko-Sure
IVD diagnostic test enables physicians and their patients to
effectively monitor and/or detect solid tumor cancers, including
CRC, by measuring the accumulation of specific breakdown products
in the blood called Fibrin and Fibrinogen Degradation Products.
With the exception of heart disease, cancer causes more deaths than
any other medical condition in the world. According to the World
Health Organization (WHO), cancer is rapidly becoming the leading
cause of death worldwide and is expected to overtake heart disease
by 2010. As the third most common cancer worldwide and the second
leading cause of cancer deaths irrespective of gender in the US,
CRC is one of the most commonly diagnosed of all cancers. Last
year, there were approximately 151,000 new cases diagnosed in the
US, roughly 51,000 deaths due to the disease*, and almost half of
all patients thought to be "cured" are expected to develop a
recurrence of CRC within 5 years - usually due to undetected
metastases.** Frequent surveillance of diagnosed patients is
recommended. Onko-Sure is researched, developed and manufactured in
AMDL Diagnostic's Tustin, California-based facilities and sold to
3rd party distributors, which then sell directly to CLIA-certified
reference laboratories in the US as well as clinical reference
labs, hospital labs and physician-operated labs in the
international market. The test is approved by the US Food and Drug
Administration (US FDA) for the monitoring of CRC in the US and by
Health Canada as a lung cancer detection and monitoring tool. In
addition the test is approved in Europe, where it has obtained the
CE mark approval, and Taiwan, South Korea, India, and Vietnam as a
general cancer screen. According to AMDL Chairman and CEO Mr.
Douglas MacLellan, "Since AMDL Diagnostics began commercializing
its Onko-Sure IVD cancer test we've seen substantive market demand
both as a CRC monitoring test and a pan tumor cancer screen. This
is positive news for the Company in that selling Onko-Sure in the
US as a CRC monitoring test and expanding the application of the
test as a pan tumor marker internationally offers greater market
penetration and revenue upside. On tests sold to IVD distributors
ranging from $50 per test per patient for CRC and up to $150-$250
per test per patient as a pan tumor screen we expect a gross profit
margin above 90%. Our top priority is to continue signing strategic
distributor partners that will enable us to achieve our market
share targets." The AACC Annual Meeting is an industry-leading
event held for the international scientific/medical society of
clinical laboratory professionals, physicians, research scientists
and other individuals involved with clinical chemistry and related
disciplines. It offers hundreds of educational sessions including
plenary sessions, Symposia; Meet the Experts sessions, Chair's
Invited sessions, and the Poster sessions that cover a wide variety
of topics. The Clinical Lab Expo is the exhibition tradeshow aspect
of the AACC Annual Meeting where many of the industry's leading
vendors have an opportunity to present to conference attendees.
Attendees wishing to meet with AMDL to learn more about AMDL's
Onko-Sure IVD cancer test can visit the McCormick Place Convention
Center located at 2301 S. Lake Shore Drive, Chicago, IL 60616.
Physicians, patients, and any other interested parties who have an
interest in ordering AMDL Diagnostic's Onko-Sure IVD cancer test
should contact . For AMDL Investor Relations information contact
Kristine Szarkowitz at or 1.206.310.5323. *National Cancer
Institute: Cancer Facts and Figures 2008. **Bull World Health
Organ: Shike M, Winawer SJ, Greenwald PH, et al. About AMDL:
Headquartered in Tustin, CA with operations in China, AMDL, Inc.,
along with its subsidiary Jade Pharmaceutical Inc. (JPI), is a
pharmaceutical company devoted to the research, development,
manufacturing, and marketing of diagnostic, pharmaceutical,
nutritional supplement, and cosmetic products. The Company employs
over 510 people in the U.S. and China. Forward Looking Statements:
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this document
include certain predictions and projections that may be considered
forward-looking statements under securities law. These statements
involve a number of important risks and uncertainties that could
cause actual results to differ materially including, but not
limited to, the performance of joint venture partners, as well as
other economic, competitive and technological factors involving the
Company's operations, markets, services, products, and prices. With
respect to AMDL Inc., except for the historical information
contained herein, the matters discussed in this document are
forward-looking statements involving risks and uncertainties that
could cause actual results to differ materially from those in such
forward-looking statements. AMDL Contact: Kristine Szarkowitz
Director-Investor Relations (Tel :) 206.310.5323 DATASOURCE: AMDL,
Inc. CONTACT: Kristine Szarkowitz, Director-Investor Relations of
AMDL, Inc., +1-206-310-5323,
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