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Intelligent Bio Solutions Inc INBS

Intelligent Bio Solutions Inc. is a life sciences company. The Company is engaged in developing non-invasive, real-time monitoring and diagnostic tests for patients and their primary health practitioners. It operates through two segments, namely Commercially available Intelligent Fingerprinting Products (IFPG) and Development Stage Saliva Glucose Biosensor Platform (SGBP). Its product portfolio includes a portable drug screening system that works by analyzing fingerprint sweat using a one-time cartridge and portable handheld reader and also includes a development stage range of biosensor- based Point of Care diagnostic tests (POCT) that are developed in the modalities of clinical chemistry, immunology, tumor markers, allergens, and endocrinology. Its product candidate is the Saliva Glucose Biosensor (SGB), a POCT expected to substitute the finger pricking invasive blood glucose monitoring for diabetic patients. Its Biosensor Platform helps to detect multiple biological analytes.


NDAQ:INBS - Post by User

Post by averagepennieson Jan 18, 2024 8:51am
29 Views
Post# 35833164

UK’s largest independent chemical manufacturer takes drug

UK’s largest independent chemical manufacturer takes drug

NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that Robinson Brothers, one of the UK’s largest independent chemical manufacturers, is now using its revolutionary portable Intelligent Fingerprinting Drug Screening System to support its drug and alcohol testing policy.

Robinson Brothers runs a 24x7 chemical manufacturing operation at its West Bromwich facility. The company’s HR team found that its previously outsourced drug testing provision was not responsive enough to support its requirements. Adopting the Intelligent Fingerprinting Drug Screening System will allow Robinson Brothers to bring drug testing in-house, with its portability, flexibility and ease-of-use enabling random testing across the business and for cause tests wherever and whenever needed.

“We previously used an external provider to carry out urine-based drug testing on a random basis. This was not only unhygienic and intrusive for everyone involved, but also invariably led to productivity delays as people sat around waiting to be tested,” explained Steve Doyle, Human Resources Manager at Robinson Brothers. “However, when we found out about fingerprint-based drug screening, we immediately saw how we could conduct our own testing in-house and in a much less invasive way. Additionally, because the system is so portable and easy to use, it works as an on-site visual deterrent and provides a great way of supporting our Drug and Alcohol Policy across the business.”

“From our initial cost analysis, we see fingerprint-based drug screening as highly cost-effective,” added Steve. “Including the initial capital costs of the DSR-Plus drug screening cartridge reader, we estimate that Intelligent Fingerprinting will allow us to conduct the same volume of tests at around half the cost. This, of course, becomes even more competitive as capital costs are written down.”

“As a 24/7 manufacturing operation, Robinson Brothers clearly appreciated the flexibility that sweat-based drug testing provides, giving the HR team the ability to screen employees whenever they need to,” added Harry Simeonidis, President and Chief Executive Officer at Intelligent Bio Solutions. “What’s clear is that our portable, non-invasive system takes the complexity out of workplace drug testing and is increasingly replacing traditional workplace testing methods using urine and saliva.”

 

https://www.globenewswire.com/news-release/2024/01/18/2811545/0/en/UK-s-largest-independent-chemical-manufacturer-takes-drug-testing-in-house-with-Intelligent-Fingerprinting-Drug-Screening-System.html

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