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AXIM Biotech Launches For Research Use Only Sales for its COVID-19 Neutralizing Antibody Test
AXIM Biotech Launches For Research Use Only Sales for its COVID-19 Neutralizing Antibody Test.
About this update from Axim Biotechnologies, Inc.
[{"type":"text","content":"\n SAN DIEGO, March 07, 2022 (GLOBE NEWSWIRE) -- AXIM Biotechnologies, Inc (OTCQB: AXIM) (“AXIM Biotech,” “AXIM” or “the Company”), an international healthcare solutions company targeting dry eye disease (DED), today announced that is has shifted its focus for its rapid COVID-19 Neutralizing Antibody (NAb) Test to become For Research Use Only (“RUO”). The test will provide researchers an important tool for COVID-19 research and is not intended for use in diagnostic procedures. The Company has also entered a separation agreement with Empowered Diagnostics, LLC following the FDA recall of Empowered’s products, including the NAb test. “A running theme of the COVID-19 pandemic has been its everchanging nature and our ability as humans to adapt to the many changes it brings,” said John Huemoeller, CEO of AXIM Biotech. “The same goes for our Company and I am proud to say that we have been incredibly agile in our ability to shift our focus where needed and required. Just like how we have made it our commitment to invest in the testing and diagnostics of Dry Eye Disease, we are shifting our COVID-19 focus to become a resource for research organizations as this pandemic continues to thrive around the world. We hope that our neutralizing antibody tests can be put to good use and help further COVID-19 medicine.” Early in the pandemic, AXIM pioneered a rapid Neutralizing Antibody Test aimed at measuring likely adaptive immune response to SARS-CoV-2. The Company intended to distinguish those antibodies that provide a general immunogenic response by detecting the binding antibody response to the virus versus detection of specific antibodies that can block the binding of the virus to cells and neutralize subsequent infection. AXIM tested hundreds of samples of convalescent plasma received from Mayo Clinic in calibrating the test against live virus neutralization titers. The Company anticipated that the NAb test would be a useful tool in measuring not only the neutralizing antibodies resulting from natural infection, but also in measuring the levels generated by vaccines which were previously under development. The result was a test that provided a fast, specific and safe approach to the detection of neutralizing antibodies. In September of 2021, AXIM filed an Emergen...