17.07.2007 12:00:00
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Nanogen Begins Shipment of Congestive Heart Failure Product
Nanogen, Inc. (Nasdaq:NGEN), developer of advanced diagnostic products,
announced today that it has begun shipment of its congestive heart
failure (CHF) product, the StatusFirstTM
CHF NT-proBNP rapid test. The product is CE-marked and has been cleared
by the FDA for diagnostic use with EDTA plasma samples.
The StatusFirst CHF test measures circulating levels of
NT-proBNP, a biomarker for heart disease, and provides a quantitative
assessment of the biomarker’s concentration in
as little as 15 minutes via a small, low cost reader. The test and
reader are designed for use in emergency rooms and hospital laboratories.
"With an aging population and more people surviving myocardial
infarctions (MI), the market for cardiac diagnostics related to heart
failure is expected to exceed $500 million annually in the next five
years," said David Ludvigson, Nanogen president and chief operating
officer. "This product was developed by Nanogen and complements the
rapid cardiac tests for MI we acquired last year. The StatusFirst
CHF product is an important addition as we build our point-of-care rapid
testing franchise."
NT-proBNP is a derivative of the hormone brain natriuretic peptide,
which is released in response to cardiac stress and has been
demonstrated in numerous clinical studies to be an accurate and reliable
indicator of cardiac disease risk. The StatusFirst CHF product
results correlate with central lab methods that use NT-proBNP
immunodiagnostic methods. A version of the product that will use whole
blood for the sample is currently under development for the U.S. market,
which will improve its marketability for use in emergency departments
and other critical care settings.
The StatusFirst CHF product has been developed by Nanogen under
license from Roche and is being manufactured for Nanogen by Princeton
BioMeditech Corporation (PBM). Distribution in the United States will be
handled by PBM’s affiliate LifeSign.
About Nanogen, Inc.
Nanogen’s advanced technologies provide
researchers, clinicians and physicians worldwide with improved methods
and tools to predict, diagnose, and ultimately help treat disease. The
company's products include real-time PCR reagents, the NanoChip®
electronic microarray platform and a line of rapid, point-of-care
diagnostic tests. Nanogen’s ten years of
pioneering research involving nanotechnology holds the promise of
miniaturization and continues to be supported for its potential for
diagnostic and biodefense applications. For additional information
please visit Nanogen’s website at www.nanogen.com.
Nanogen Forward-Looking Statement
This press release contains forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including whether patents owned or licensed by Nanogen will be developed
into products, whether the patents owned by Nanogen offer any protection
against competitors with competing technologies, whether products under
development can be successfully developed and commercialized, whether
results reported by our customers or partners can be identically
replicated, and other risks and uncertainties discussed under the
caption "Factors That May Affect Results" and elsewhere in Nanogen’s
Form 10-K or Form 10-Q most recently filed with the Securities and
Exchange Commission. These forward-looking statements speak only as of
the date hereof. Nanogen disclaims any intent or obligation to update
these forward-looking statements.
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