Louied91
1 month ago
$INBS Intelligent Bio begins dosing for non-invasive drug screening technology
https://finance.yahoo.com/news/intelligent-bio-begins-dosing-non-103309318.html
US-based company Intelligent Bio Solutions has completed patient screening and will start dosing and sampling in the pharmacokinetic (PK) study for its fingerprint drug screening technology.
The study is expected to support the planned 510(k) submission to the US FDA, intended for Q4 of this year. Intelligent Bio expects the study to complete recruitment by the end of June, with a review of the PK study results expected to be finalised by the end of next month.
The news comes on the heels of last week’s announcement of the company’s decision to shift its “operating structure from a UK-based model to a global framework”. Intelligent Bio plans to enter the US market with its fingerprint drug screening technology during H1 next year.
The Intelligent fingerprinting drug screening system detects the presence of specific drugs and their metabolites using fingerprint sweat analysis. Using a small, tamper-evident drug screening cartridge, the device can collect ten fingerprint sweat samples in under a minute.
The device aims to identify “current impairment”, not past use, as the test has a detection window of approximately 14–16 hours. The test is intended to be used to check for “fitness for duty” on the day and screen for common drugs of abuse such as cocaine, cannabis, methamphetamine and opiates.
The PK study aims to investigate the levels of opiates in fingerprint sweat compared with blood, oral fluid and urine samples. It will recruit 40 healthy adults and analyse the specimens using validated methods such as liquid chromatography, mass spectrometry and the Intelligent fingerprinting drug screening system.
The use of sweat testing as a method of drug detection is being developed by multiple companies. In February, the US Anti-Doping Agency partnered with Epicore to develop a sweat-sensing technology as a method of drug detection.
Epicore’s wearable sweat-collection device, Discovery Patch, comprises a wearable microfluidic patch that captures eccrine sweat directly from the skin during exercise, environmental exposure and pharmacologic modes of sweat induction. Sweat is transferred from the microfluidic patch to clean lab storage containers using a sweat extraction apparatus designed to rapidly collect and prepare sweat samples for biochemical analysis.
"Intelligent Bio begins dosing for non-invasive drug screening technology" was originally created and published by Medical Device Network, a GlobalData owned brand.
Louied91
2 months ago
$INBS Intelligent Bio Solutions to Participate in the Sidoti Small-Cap Conference on June 12-13, 2024
https://www.globenewswire.com/news-release/2024/06/06/2894659/0/en/Intelligent-Bio-Solutions-to-Participate-in-the-Sidoti-Small-Cap-Conference-on-June-12-13-2024.html
NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that its management team will participate in the Sidoti Small-Cap Conference being held virtually June 12-13, 2024.
Presentation Details
Date: Wednesday, June 12, 2024
Time: 4:00 p.m. Eastern Time
Registration/Webcast Link: https://sidoti.zoom.us/webinar/register/WN_BB5QumW3TK2N56X7MOPjpw
For more information about the conference, or to schedule a one-on-one meeting with the INBS management team, please contact your Sidoti representative or email KCSA Strategic Communications at INBS@ksca.com.
Louied91
2 months ago
$INBS - "management team will be presenting at the @SidotiResearch #SmallCap Conference at 4:00 pm ET on June 12, 2024.
Webcast Link: https://bit.ly/4bK8BQ7
For more info or to schedule a 1:1 with the INBS management team, please contact your Sidoti rep or email INBS@ksca.com"
$INBS' management team will be presenting at the @SidotiResearch #SmallCap Conference at 4:00 pm ET on June 12, 2024.
Webcast Link: https://t.co/W1mGTRbh9v
For more info or to schedule a 1:1 with the INBS management team, please contact your Sidoti rep or email INBS@ksca.com pic.twitter.com/wsusxthSeF— IBS Inc. (@ibs_inc_) June 6, 2024
Louied91
3 months ago
$INBS - "Conventional drug tests can be intrusive and uncomfortable for both test takers and administrators. Fingerprint drug tests provide a dignified, hygienic, and cost-effective alternative for businesses. Discover more:
https://ibs.inc/2024/05/06/fingerprint-drug-tests-compared-to-urine-and-saliva/?utm_content=292069159&utm_medium=social&utm_source=twitter&hss_channel=tw-1172043611963187200
"
Conventional drug tests can be intrusive and uncomfortable for both test takers and administrators. Fingerprint drug tests provide a dignified, hygienic, and cost-effective alternative for businesses. Discover more: https://t.co/N9UnhKEeXW— IBS Inc. (@ibs_inc_) May 6, 2024
Louied91
3 months ago
Stocks to Watch for Short Squeeze Potential: DJT, INBS, IMPP, HUBC, XXII
https://thestreetreports.com/stocks-to-watch-for-short-squeeze-potential-djt-inbs-impp-hubc-xxii/
Investors must stay alert to stocks poised for a short squeeze, given the significant gains typically seen during such events. Here’s a glimpse into five stocks potentially set for a short squeeze surge in the future.
Trump Media & Technology Corp. (NASDAQ: DJT) witnessed a stellar debut last week, followed by a more subdued performance. The short interest in DJT stock, reflecting borrowed shares anticipating a price drop, hit 4.93 million, representing 12.6% of available shares. Notably, the borrowing rate spiked to 500% due to limited shortable shares, hinting at potential short covering and a share price uptick in the future.
Intelligent Bio Solutions Inc. (NASDAQ: INBS) is attracting attention this week for potential short squeeze dynamics. As a leading provider of innovative medical tech, it posted impressive financials for Q2 and the six months ending Dec 31, 2023, with a 114% revenue increase YoY for Q2 and 337% for the six months. This growth is tied to its Intelligent Fingerprinting Drug Screening System and global expansion. The stock hit an intraday high of $11.70 and closing high of $6.76 in 2024. This low-float stock is currently oversold, and the short interest in INBS stock surged to 57.64% in the latest report is adding intrigue to INBS’s stock movement.
Imperial Petroleum Inc. (NASDAQ: IMPP) is worth monitoring due to its significant short interest. On February 13, IMPP announced its financial results for the fourth quarter and fiscal year ending December 31, 2023. The company’s revenues for the quarter were $29.9 million, down from $37.9 million in the previous year, while net income decreased from $13.8 million to $6.5 million. However, for the full fiscal year, revenues rose by $86.7 million to reach $183.7 million compared to the previous year.
HUB Cyber Security Ltd. (NASDAQ: HUBC) is a potential stock to watch this week, given its focus on confidential computer cyber security solutions and services. On April 5, HUBC made headlines by securing $8 million in new financing through a straight debt arrangement. This strategic financing is aimed at bolstering the company’s financial position and enhancing its future prospects, as stated in the news release.
22nd Century Group Inc. (NASDAQ: XXII), a company focused on reducing nicotine harm in tobacco products, disclosed its financial performance for the quarter ending December 31, 2023, on March 28. The company reported a decrease in net revenues from $10 million to $7.4 million compared to the prior-year period. The operating loss widened from $10.2 million to $14.2 million year-over-year. Despite this, the gross profit surged from $0.1 million to $7.8 million in the same period.