Published:
WayPoint Biomedical Plans to Enter the OTC Fertility Market by Signing LOI With Arben Biosciences
WayPoint Biomedical, Inc. (OTC: WYPH)
has signed an LOI with Rochester, New York based Arben Biosciences to enter
into an "exclusive" North American licensing agreement for their highly
innovative product, Simplicity(TM) The "No-Step" Pregnancy Test(TM).
Under the terms of the agreement Arben will provide copies of all required
information related to their OTC "No-Step" Pregnancy Cup Device necessary
to effectively market the product, including: technical support files,
clinical data, regulatory status and studies. WayPoint will evaluate the
sales, marketing, regulatory, and distribution potential for the Simplicity
Fertility Range into the $200 million US OTC Retail Pregnancy Kit sector.
WayPoint Director of Sales and Marketing, Phill Richer, comments, "We are
very excited about the opportunity to add this unique product to our Health
Essist(TM) line of home tests." Mr. Richer adds, "Right now, the
Simplicity 'No-Step' Pregnancy Cup is available through retailers, such as
CVS Pharmacy and drugstore.com. WayPoint hopes to capitalize upon these
existing relationships and have them act as a platform into these stores
and chains for other WayPoint over-the-counter tests."
About WayPoint Biomedical, Inc.
WayPoint Biomedical, Inc., a wholly owned subsidiary of WayPoint Biomedical
Holdings, Inc. (OTC: WYPH), is an innovative biomedical technology firm,
specializing in diagnostic tests and devices for screening and monitoring
human health, fitness and environment. The Company develops and markets
cutting-edge disposable rapid tests that offer both a preliminary
diagnostic screen to specific conditions, along with a future path for
consumers, medical providers, and first responders to follow regarding
their health status or environmental condition. For more information on
WayPoint Biomedical visit www.waypointbiomedical.com.
Forward-Looking Statements
This press release contains forward-looking statements. By their nature,
forward-looking statements and forecasts involve risks and uncertainties
because they relate to events and depend on circumstances that will occur
in the near future. There are a number of factors that could cause actual
results and developments to differ materially.
Distributed by Market Wire
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Lifestyle and Leisure:PersonalCare/Fitness, MedicalandHealthcare:HealthandNutrition, MedicalandHealthcare:Healthcare, MedicalandHealthcare:MedicalDevices, PharmaceuticalsandBiotech:EquipmentandSupplies, ,INTHPINK,CA,HUNTINGTON BEACH, CA
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