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MedMira Inc V.MIR

Alternate Symbol(s):  MMIRF

MedMira Inc. is a Canada-based biotechnology company. The Company, through its subsidiaries, is engaged in the business of research, development and manufacturing of rapid diagnostics and technologies. The Company invests in research in order to maintain and expand its position in the global diagnostics market. Its research is focused on specific areas of the broader diagnostics market, namely the rapid, point-of-care, and in vitro sectors. The Company is the developer and owner of Rapid Vertical Flow (RVF) Technology. The Company's rapid test applications built on RVF Technology provide hospitals, labs, clinics and individuals with instant diagnosis for diseases such as Human Immunodeficiency Virus (HIV), Syphilis and hepatitis C in just three easy steps. The Company's tests are sold under the Reveal, Multiplo and Miriad brands in global markets. The Company's manufacturing facilities are located in Halifax, Nova Scotia, Canada.


TSXV:MIR - Post by User

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Post by Joanna1978on Jul 23, 2020 7:44pm
436 Views
Post# 31311345

FDA Question of MedMira's Platform

FDA Question of MedMira's PlatformMedMira mentioned that the FDA had questions about thier platform, not test validation (that we know of). Going by what they publicly shared, the only concern one would reasonably have is - will this platform in question hamper approval? I do not know the answer to that, however, in my "I'm Just Joanna" opinion, the likelyhood of approval looks great because of the below. If the platform has been already FDA approved in other uses, perhaps, perhaps, the transferable technology will suffice. I know the notion that just because it worked once, doesnt mean it will work twice stands true on some occasions. In the end all we can do is research, analyse, and report our findings with what is available, critical thinking, sentiment, history, and some hope with a pinch of luck.

"MedMira’s technology platform and growing portfolio of diagnostic tools demonstrate excellence in performance and quality in the highly competitive diagnostics industry. More than $30 million has been invested in perfecting MedMira’s core technology, which has proven itself time and time again with its excellent clinical performance and its success in rigorous evaluations and inspections, leading to regulatory approvals for rapid diagnostic solutions in the United States (U.S. Food and Drug Administration), Canada (Health Canada), the notified body in the European Union (CE Mark), and China (CFDA) and in a number of countries in Latin America, Africa, and Asia. The Company’s quality system is ISO 9001 and ISO 13485 certified. The Company’s patented Rapid Vertical Flow® (RVF) platform has proven to be highly flexible and versatile. Such RVF® adaptability enabled the development of the new rapid serological test (REVEALCOVID-19™ Total Antibody Test) in the early 2020. During that time, MedMira’s R&D team was able to make the product in a short time frame, with the developmental cost being one of the lowest documented for MedMira. This achievement highlights RVF® versatility as well as further indicates the platform’s great adaptability potential that enables efficient product development while still maintaining the highest product standards. MedMira sells its rapid tests through a network of medical distributors and strategic business development partners to customers in all sectors of the healthcare industry, including laboratories, hospitals, point-of-care clinics, governments, aid organizations, and public health agencies."(Reference SEDAR: MD&A)

Goodluck ALL






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