NEW YORK, July 21, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on BG Medicine, Inc., (NASDAQ: BGMD). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=BGMD
Highlights from our BGMD Report include:
- Market availability of ARCHITECT® Galectin-3 assay - In a press release issued on July 6, 2015, BG Medicine, Inc., informed that ARCHITECT® Galectin-3 assay is now available in the market. The Company reported that the ARCHITECT Galectin-3 assay is performed using the Abbott ARCHITECT automated immunoassay analyzer and is being commercialized through an agreement between BG Medicine and the global healthcare services provider, Abbott. The United States Food and Drug Administration (USFDA) already gave a green signal to the automated blood test.
- Intended Use of the Test - Elaborating on ARCHITECT Galectin-3 assay's intended use, BG Medicine informed that this test is used with the ARCHITECT i System with STAT protocol capability. As per the release, ARCHITECT Galectin-3 assay is a chemiluminescent microparticle immunoassay (CMIA) for the quantitative determination of galectin-3 in human serum and EDTA plasma. Providing safety instructions about the test, the Company said that the results from the test should be interpreted along with clinical findings and other laboratory test results. There is a possibility that in patients with certain type of cancers, increase levels of galectin-3 may be found in blood. Likewise, in patients with conditions associated with organ fibrosis, it is possible that levels of galectin-3 in blood may be increased.
- How Galectin-3 Aids Physicians- With the help of galectin-3 testing, it is possible to identify patient who are at high risk of heart failure. The test is of great help for the physicians to determine which patients are at higher risk of hospitalization or death. In conjunction with clinical evaluation, the test is to be used as an aid in assessing the prognosis of patients with chronic heart failure.
- Management's Comments - Commenting on the development, the M.D., President and CEO of BG Medicine, Paul R. Sohmer said, "We believe that the introduction of automated galectin-3 testing will improve access to galectin-3 testing, shorten turn-around time for delivery of test results, and, as a result, accelerate adoption of galectin-3 testing in the United States."
To find out how this influences our rating on BG Medicine, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=BGMD
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