To: Ted M who wrote (61247 ) 3/13/2008 11:16:53 AM From: ACAN Respond to of 120406 [MIR.V] currently a bargain at .36 MedMira Files Patent Application for Next Generation Rapid Test HALIFAX, Mar 13, 2008 (Canada NewsWire via COMTEX News Network) -- Company Focuses on Simplicity and Quality in Advancing Rapid Platform MedMira Inc., ("MedMira") (TSX Venture: MIR, NASDAQ: MMIRF), a global market leader in premium rapid diagnostic solutions, announced today that it has filed a patent application with the United States Patent Office for its new rapid test platform. MedMira's research & development team has been working on a next generation, rapid test based on the company's patented flow-through diagnostic technology. This next generation rapid test is built on the key quality and performance attributes that have enabled MedMira's rapid HIV and HIV/Hepatitis combination tests to obtain regulatory approvals from the most stringent regulatory authorities in the world, including United States, Canada, China, India, Russia, and Europe. "Our new test platform provides the user with an even simpler, user-friendly testing procedure than we currently offer in our rapid tests, without sacrificing the high quality and consistent performance that MedMira has built its reputation on," said Dr. Neeraj Vats, Vice President of Technology & Intellectual Property, MedMira Inc. "The new test platform makes it possible to perform a rapid, flow-through test in just two easy steps, and exhibits the high sensitivity and specificity for which MedMira tests are known the world over." Dr. Vats continued, "Our new rapid test platform will have broad applications across a wide range of diagnostic fields, including the diagnosis of infectious diseases such as HIV, hepatitis, and influenza, as well as new health epidemics that will emerge in the future. The platform will also be able to aid in the diagnosis or monitoring of non-infectious conditions such as cancer and cardiovascular disease." As healthcare providers and public health authorities around the world take greater steps to combat epidemics like HIV and Hepatitis, the demand for advanced rapid tests will continue to grow. MedMira's rapid tests are designed for performance in any type of testing setting, from the laboratory to point of care to consumer products for self-testing. While healthcare budgets and resources are constantly under pressure, and with self-testing becoming accepted in various markets; MedMira will be ready to meet the growing demand with this next generation rapid test platform. "MedMira is built on innovation and its ability to understand the future needs of healthcare providers and patients. As market demands increase for consumer products for self-testing, MedMira will be ready with this next generation test, placing the power of rapid testing in the hands of patients, enabling them to monitor and maintain their health wherever and whenever it is most convenient and comfortable," said Dr. Vats.