NEW YORK, NY -- (Marketwire) -- 08/03/11 -- PositiveID Corp (NASDAQ: PSID) announced yesterday that they have received a second key patent for "Apparatus and Method of Extracting and Optically Analyzing an Analyte from a Fluid-based Sample."
PositiveID Corp develops unique medical devices and biological detection systems, focused primarily on diabetes management, rapid medical testing and airborne bio-threat detection. PositiveID submitted its 510(k) pre-market notification to the FDA last month for its iglucose mobile health system for diabetes management. PositiveID is looking forward to the launch of this product domestically and abroad through key partnerships currently being developed.
PositiveID's focus on diabetes is needed; worldwide, confirmed adult cases of the disease have tripled in the US over the last 3 decades with a cost estimated at $174 billion.
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