The Company will now focus its efforts on commercializing technologies, protected by issued and pending patents developed by Dr.
The first platform known as HemoPalm TM relates to disposable cartridges for collection of blood samples from a simple pin prick and the subsequent testing with a hand held analyser for key aspects of blood chemistry at the point-of-care without requiring access to central laboratory facilities. Use of a pin-prick blood sample is particularly important for neonatal care, but blood in a syringe is optional. In addition to providing improved service in a number of hospital applications, HemoPalm TM will also provide improved medical care when utilized by first responders or by physicians in remote locations.
The second platform, known as Automated Ultra Filtration ("AUF") employs novel methods of preparing plasma samples for immunoassay for measurement of free (the biologically active form) hormones and therapeutic drugs. The technology will form part of an automated system which will replace the manual and time consuming centrifugation techniques currently employed, providing faster results and reduced costs to laboratories. Because of the rapidity and automation, AUF will alter the way therapeutic drugs (e.g. Dilantin used to treat epilepsy) are monitored, and the way hormone-related disorders (e.g. low testosterone) are diagnosed and treated.
The Company has commenced development of prototype devices as the first step toward
Management of the Company is led by Chief Executive Officer Dr.
Dr. Samsoondar has a Doctorate in Clinical Biochemistry from the
Monarch commenced trading on
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President, CEO & Director
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.
The security symbol, MNLIF, is part of the OTC Grey Market, where Monarch does not provide any reports and has no obligation to do so. There are no market makers under this symbol of this security. It is not listed, traded or quoted on any
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