Co-Diagnostics Receives Patent for CoPrimer™ Technology
“In addition to successful developments announced recently in AgBio,
next-gen sequencing and genotyping, and cancer screening and detection,
the CoPrimer technology also forms the foundation of our innovative
infectious disease detection products, many of which are proceeding
through the regulatory processes that will allow us to meet customer
expectations in their respective target markets. This patent not only
affords us the full protection of the USPTO for licensing activities, it
also provides additional confirmation of the uniqueness of our
technology and what sets
Patent no. 10,093,966, “COOPERATIVE PRIMERS, PROBES, AND APPLICATIONS THEREOF,” covers the method for synthesizing a nucleic acid molecule in the structure first developed by Dr. Satterfield in 2012. This molecule, called a “CoPrimer,” underpins the technology that has been shown to enhance the output of polymerase chain reaction (“PCR”) molecular diagnostic tests by dramatically minimizing false positive test results. Traditional primer molecules in PCR technology will often cause false results by interacting with each other rather than the target sequence. The patented structure of CoPrimers prevents this interaction, making the technology ideal for a wide array of PCR applications, including infectious diseases, multiplexing of PCR reactions, SNP/SNV detection, agricultural and food supply chain uses, liquid biopsy, and next generation sequencing.
This press release contains forward-looking statements. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions.Forward-looking statements in this release include statements regarding the (i) use of funding proceeds, (ii) expansion of product distribution, (iii) acceleration of initiatives in liquid biopsy and SNP detection, (iv) use of the Company’s liquid biopsy tests by laboratories, (v) capital resources and runway needed to advance the Company’s products and markets, (vi) increased sales in the near-term, (vii) flexibility in managing the Company’s balance sheet, (viii) anticipation of business expansion, and (ix) benefits in research and worldwide accessibility of the CoPrimer technology and its cost-saving and scientific advantages. Forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances.Actual results may differ materially from those contemplated or anticipated by such forward-looking statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.
Co-Diagnostics Investor Relations
Joe Diaz, Robert Blum and Joe Dorame
Lytham Partners, LLC