Biomerica Receives EDA Authorization for Cancer Screening Tests in Egypt
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 1 day ago0mins
- Comprehensive Screening Authorization: Biomerica's rapid testing portfolio has received authorization from the Egyptian Drug Authority, covering cancers and chronic diseases, marking a significant breakthrough in the Egyptian market and expected to significantly enhance early detection rates.
- Convenient Testing Tools: The EZ Detect™ Colon Disease Test provides results within two minutes without stool handling, greatly facilitating user convenience and supporting early detection of colorectal diseases, thereby reducing late-stage diagnosis risks.
- Addressing Market Needs: With colorectal cancer incidence at 5-10 cases per 100,000 people annually in Egypt and breast cancer being the most common among women, Biomerica's products will help improve early screening, reduce mortality rates, and enhance public health outcomes.
- Strategic Expansion Plans: This authorization not only strengthens Biomerica's market position in the Middle East and North Africa but also provides opportunities for large-scale screening initiatives in resource-limited areas, aligning with global preventive healthcare trends.
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About BMRA
Biomerica, Inc. is a biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products. Its diagnostic test kits are utilized in the analysis of blood, urine, nasal, or fecal samples for the diagnosis of various diseases, food intolerances, and other medical conditions. Its range of medical diagnostic products is sold primarily in two markets: clinical laboratories and point-of-care settings, including physicians’ offices and over-the-counter sales. It is focused on research and development efforts and is its patented diagnostic-guided therapy (DGT) product, developed on the in Foods technology platform. Its inFoods IBS product, uses a simple blood test to identify patient-specific foods that, when eliminated, may alleviate IBS symptoms such as pain, bloating, diarrhea, cramping, and constipation. Its hp+detect, a new diagnostic test for detecting Helicobacter pylori (H. pylori) bacteria in the gastrointestinal tract.
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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