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(EMAILWIRE.COM, December 16, 2009 ) Las Vegas NV - Los Alamos National Laboratory (www.lanl.gov) after the closing bell on Tuesday announced it had executed an agreement with Biomagnetics Diagnostics Corporation (Pink Sheets: BMGP) for the further development of a diagnostic tool known as an optical biosensor. Los Alamos, whose staff developed the prototype bench-top and hand-held biosensors for the detection of human and animal pathogens, has provided Biomagnetics with a nonexclusive, field-of-use patent license agreement to expand the Laboratory's Triggered Optical Biosensor and Integrated Optical Biosensor System (IOBS) technology.
According to the press release issued by LANL, the Los Alamos triggered optical biosensor is based on protein-receptor binding that brings two or more optically tagged receptors into close proximity using planar optical waveguides, thereby triggering fluorescence changes identified almost instantly by tiny on-board detectors.
BMGP closed TuesdayÂ’s trading session at $ 0.1750 on a total of 154,000 shares traded.
Industry: Diagnostic Technology
Sector: Medical Devices, Health, Research, Science
BMGP Company CONTACT: Joe Noel, 925-922-2560
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