Sunnyvale, March 11, 2019 (GLOBE NEWSWIRE) -- Arrayit Corporation (OTC: ARYC), a life sciences and personalized medicine company, increases weekly guidance for medical
billing associated with its physician-prescribed allergy testing services from $1,000,000 ($1 million) per week as presented in the
December 31 2018 CEO Letter to Shareholders, to $2,000,000 ($2 million) per week effective immediately. The 100% weekly guidance
increase from $1 million to $2 million per week for fiscal year 2019 (FY2019) is based on medical billing growth during the first
quarter of FY2019, the number of new clinics being added to our Patient Data Solutions portal, and the rate of allergy testing
services adoption in the marketplace. Arrayit allergy testing services, which empower doctors to identify, manage and treat allergy
and asthma using simple finger stick blood sampling, are raising the standard of care among the estimated 60 million Americans who
report annual allergy symptoms.
Arrayit recently completed an allergy testing pilot program for a top retail chain, established a nationwide network of 1,700
allergy sales professionals, met with top officials at the United States Food and Drug Administration (FDA) regarding approval of a
major product line, fulfilled an FDA clinical instrumentation contract, received approval for in-store promotions by a major
retailer, announced allergy testing partnerships with major allergy therapeutics providers, received approval for direct Medicare
billing by the Centers for Medicare and Medicaid Services, launched the Patient Data Solutions allergy portal for doctors and
clinics, celebrated 25 years of company operations, announced an allergy testing services agreement with a major health and
wellness provider, provided a letter to shareholders from the company’s Chief Executive Officer, aced four consecutive rounds of
proficiency testing, received endorsement by First Pediatrics Medical Group, doubled the number of clinics in its nationwide
network to more than 400, and announced in-network allergy testing services contracting with a top five commercial healthcare
benefits company. The contribution of the $2 million per week increased guidance for allergy testing services billing to revenues
and earnings will be detailed in the company’s upcoming quarterly and annual FY2019 financial filings.
CEO Rene Schena states, “We are pleased to increase our weekly billing guidance for allergy testing services in concordance with
increasing awareness and utilization among doctors and patients of our innovative finger stick allergy test to pinpoint food and
environmental allergies. Our non-invasive sampling, highly automated test processing and rapid electronic reporting and billing
function in concert to provide a doctor-ordered personalized and preventative healthcare experience that is seamless and satisfying
to the patients and payors we serve.”
About Arrayit
Arrayit Corporation, headquartered in Sunnyvale, California, leads and empowers the research, biotechnology, pharmaceutical,
clinical and healthcare sectors through the discovery, development and manufacture of proprietary life science and personalized
medicine products and services to advance biomedical research and improve human health and wellness. Please
visit www.arrayit.com for more information.
Safe Harbor Statement
We have identified forward-looking statements by using words such as "expect", "believe", and "should". Although we believe our
expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these
statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein,
are detailed in the Company's public filings.
CONTACT
Public Relations
Arrayit Corporation
Tel: 408-744-1331
Email: arrayit@arrayit.com
Web: www.arrayit.com
Public Relations Arrayit Corporation Tel: 408-744-1331 Email: arrayit@arrayit.com Web: www.arrayit.com
