CLX Medical, Inc. Announces New CEO Interview With Questions Regarding Planned Acquisition of the ThyroTest(R) Rapid Screening Device
2008-08-14 07:39:00
CLX Medical, Inc. Announces New CEO Interview With Questions Regarding Planned Acquisition of the ThyroTest® Rapid Screening Device
Marketing Strategy and Action Plan for ThyroTest® Device Discussed in Question and Answer Feature Posted to the Company’s Website
MURRIETA, CA–(EMWNews – August 14, 2008) – CLX Medical, Inc. (
focused on the launch and distribution of unique medical diagnostic testing
products, today announced that Vera Leonard, chief executive officer of the
company, has participated in a question and answer feature that has been
posted to the CLX website at http://www.clxmedical.com/othermedia.php. The
transcript will also be added to the company’s profile on
www.equitydigest.com in the coming days.
The focus of the interview is the company’s recent announcement that it has
entered into a letter of intent with ThyroTec, LLC to acquire ThyroTest®,
a rapid thyroid stimulating hormone (TSH) screening device used for the
detection of hypothyroidism in adults, a common thyroid disease.
In the interview, Ms. Leonard discusses the reasons that CLX targeted
ThyroTest® for acquisition, the size of the potential market for the
product, the U.S. and worldwide distribution strategy for ThyroTest®, and
the competitive landscape for the product.
Ms. Leonard also provides a summary of the company’s progress since she was
appointed to the position of CEO in 2007.
ThyroTest® is FDA cleared and has also achieved CLIA waived status, so the
test can be administered in the more than 100,000 CLIA waived doctors’
offices in the U.S., as well as in any non-waived laboratory. The simple
rapid diagnostic test is a qualitative measurement that allows physicians
to screen adult patients for hypothyroidism in approximately ten minutes
with a whole blood sample.
Hypothyroidism develops when the thyroid gland does not produce enough
thyroid hormone to properly regulate the body’s metabolism. A lack of
thyroid hormone affects many body systems. The incidence of hypothyroidism
tends to increase with age, with older people, especially women, at highest
risk. Common symptoms include weight gain, fatigue, mood swings, weakness,
dry and coarse skin and hair, hair loss, depression, decreased libido,
trouble swallowing, increased cholesterol, heavy or irregular periods or
trouble getting pregnant.
Approximately 120 million thyroid-related lab tests are performed in the
United States each year. At an estimated average cost of $40 per test, the
U.S. market is currently valued at nearly $5 billion. Approximately 45
million of those tests are conducted in order to diagnose thyroid
dysfunction. CLX believes that ThyroTest® is an appropriate, cost-effective
first-step for those 45 million diagnostic TSH tests. This current U.S.
market opportunity is amplified by the CLIA waived status, which makes the
opportunity to meet American Thyroid Association recommendations for
screening every individual at age 35 and every five years thereafter a
reality.
To sign up to receive information by email directly from CLX Medical, Inc.
when new press releases, investor newsletters, SEC filings, or other
information is disclosed, please visit
http://www.clxinvestments.com/email.php.
About CLX Medical, Inc.
CLX Medical, Inc. (www.clxmedical.com) holds a 51% equity interest in
Zonda, Inc. (www.zondaincusa.com), which has developed several rapid point
of care tests for medical and non-medical markets, including a rapid test
for Chlamydia. CLX recently announced a letter of intent to acquire
ThyroTest®, a rapid thyroid stimulating hormone (TSH) screening device
used for the detection of hypothyroidism in adults, a common thyroid
disease. CLX Medical is focused on the successful worldwide distribution
of these and any additional products it may acquire or license.
All statements included in this release, including statements regarding
potential future plans and objectives of CLX Medical, Inc. are
forward-looking statements. Such statements are necessarily subject to
risks and uncertainties, some of which are significant in scope and nature
beyond CLX Medical’s control. There can be no assurance that such
statements will prove accurate. Actual results and future events could
differ materially from those anticipated in such statements depending on
many factors. Historical results are not necessarily indicative of future
performance.
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions