Bill Gates made the news this week with comments that warned of a rapid epidemic. At the Munich Security Conference in Germany, Gates said, “Whether it occurs by a quirk of nature or at the hand of a terrorist, epidemiologists say a fast-moving airborne pathogen could kill more than 30 million people in less than a year. And they say there is a reasonable probability the world will experience such an outbreak in the next 10 to 15 years.”
While Gates comments focused on the progress in vaccine supply chains, the underlying idea of his words are that the world needs a wake-up call about disease prevention. However, there have been important discoveries in modern science and medical equipment that are transforming the space.
It is actually the rise of early-detection diagnostic devices that might have the biggest impact on saving lives in the future. Advancements that allow physicians to efficiently assess a patient’s medical condition are invaluable not only in the time of a crisis but in the day-to-day healthcare market. Breathtec Biomedical Inc. (BTH:CSE) (BTHCF) is a leading innovator in this space.
Breathtec today provided a corporate update of significant developments and the outlook for near-term opportunity. The company’s diagnostic portfolio includes its proprietary FAIMs technology and the NaNose technology.
Breathtec is Improving Up on Its Innovative Design
Breathtec has completed testing on the V2 prototype for its flagship FAIMS technology. The new design is sleeker and its non-radioactive ionization source and a new square wave generation system remain efficient and agile. The company will patent the new design features specifically the improvement to miniaturized FAIMS cells and the miniaturization of all high-voltage and low-voltage electronic components. The Company will now begin the performance testing phase of this new V2 prototype to continue to characterize the analytical performance of the system in preparation for a pilot clinical study in the fall of 2017. The company has established a clear path to market and will be scheduling a pre-submission meeting with the FDA in the coming months to receive a complete understanding of the regulatory and clinical testing requirements to commercialize the technology.
The company also provided an update on the clinical trials of the NaNose technology being done at the prestigious Innovation Boulevard in Surrey, British Columbia. The full-scale evaluation of its ability to detect respiratory infections is moving along steadily and the company continues along the established path to market.
In addition, Breathtec has expanded its team and brought on experienced consultants to develop a Quality System and Design Control process and finish the creation of these tech platforms.
“We have the right technology and the right team to get to market and will be working diligently to accomplish this in an efficient and time sensitive manner,” Breathtec CEO Guy LaTorre stated. “Our goals are ambitious and challenging but we feel confident that, with your support, we will be able to make significant contributions to the field of breath analysis, which will be worthwhile for the patient, medical community and for our investors.”
Paradigm Shift: Breathtec’s Early Screening Technology
Based in Florida, Breathtec’s aim is to battle disease through prevention and one’s own breath. Na-Nose, an advanced stage breath analysis, can detect a variety of diseases, including, among others, streptococcus; hemophilus influenza, chickenpox; and the common cold. “Na-Nose was developed using space-age nanotechnology to be extremely sensitive for the detection of multiple trace chemicals or volatile organic compounds in the breath,” stated Dr. Raj Attariwala, lead engineer of Breathtec. “It uses machine learning to effectively sniff our unique patterns of disease processes in the body.”
Technology with the power to recognize diseases that are not even yet showing physical symptoms would be the answered prayer of patients and physicians everywhere. NaNose represents the possibility of a paradigm shift in point-of-care technology and overall quality of life.
The Point-of-Care Diagnosis market is rising and, according to MarketandMarkets.com, is expected to reach $36.96 billion by 2021. Breathtec stands on the precipice of a market that is rising with transformative technology in hand. Investors should continue to watch this company that has serious potential to benefit patient and healthcare providers.