Zenosense, Inc. (ZENO) Attracts Investment Funds for Next Step in Development of MIDS Cardiac Point of Care Diagnostic Device

October 2, 2018 10:52:43
  • Agreement signed with third party investor to fund up to $1.2 million to support next crucial development phase of MIDS Cardiac POC diagnostic device
  • Patented MIDS technology has successfully detected commercial assay beads at a level approximately four times better than the threshold advised as required for a high sensitivity troponin assay
  • Cardiac biomarkers global market expected to reach $13.3 billion by 2024
  • HS Troponin testing for myocardial infarction at the point of care would meet a critical unmet medical need
  • CDC reports that heart disease is the leading cause of death for both men and women

A new economic study conducted by RTI International for the American Heart Association offers sobering statistics, as the number of Americans diagnosed with cardiovascular disease (“CVD”) is projected to rise to 131.2 million within the next two decades, totaling about 45 percent of the total U.S. population. Overall costs to treat CVD are expected to soar to $1.1 trillion by 2035, an article in ScienceDaily reveals (http://nnw.fm/Lvp4I).

Health care technology company Zenosense, Inc. (OTCQB: ZENO), through the company’s joint venture ownership of MIDS Medical Limited (“MML”), is focused on developing and commercializing its highly sensitive MIDS Cardiac hand-held technology for the rapid, early detection of heart attack at the point of care. Funding for the next…

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