PositiveID expected to announce key acquisition Print E-mail
By Peter Depalma   
Wednesday, 17 February 2010 07:59
PositiveID Corporation (NASDAQ: PSID) is expected to announce today that it has acquired intellectual property rights and assets of a company that will expand its portfolio of non-invasive glucose-level testing products.

 

According to several sources, the company- which our subscribers were alerted about late last week, will acquire a technology that allows for non-invasive glucose detection measured through a patient’s exhaled breath.

As reported here, PositiveID has partnered with RECEPTORS LLC in the development of a glucose sensor on the end of an implantable RFID microchip. Presently, diabetic patients must prick themselves 2-3 times daily to test and monitor glucose levels. For years, the diabetic community has been longing for a non-invasive method of glucose monitoring. PositiveID’s methodology and technology could end up being the diabetes patient community’s Holy Grail.

Patients would receive a subcutaneous injection in their arm whereby a small RFID microchip, the size of a grain of rice would be implanted. By using an ASIC (under development) as a communication device, one would simply wave a scanner over the arm and blood sugar readings would be displayed. Management is forecasting that a new chip would have to be implanted every 6-12 months. However, that is not likely to be viewed as a negative.
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“I believe that 99% would say give me a shot every 6-12 months rather than prick their finger 3 times a day,” noted Silverman.

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