VERICHIP UP OVER 200%
September 21st, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
The press release contained the magic combination of letters and numbers: “H1N1.”
The volume today is about 320X the three month average volume.
This is the PR piece that hit before the open:
VeriChip Corporation (“VeriChip”) (NASDAQ: CHIP – News) and its development partner RECEPTORS LLC, a technology company whose AFFINITY by DESIGN™ chemistry platform can be applied to the development of selective binding products, announced today that VeriChip has been granted an exclusive license to RECEPTORS’ Patent No. 7,504,364 titled “Methods of Making Arrays and Artificial Receptors” and Patent No. 7,469,076 “Sensors Employing Combinatorial Artificial Receptors,” in their application to the development of the virus triage detection system for the H1N1 virus. The patents can also be applied to detection systems for other viruses and biological threats such as Methicillin-resistant Staphylococcus aureus (MRSA).
Last week, VeriChip announced its plans to fund its existing partnership with RECEPTORS to develop the virus triage detection system for the H1N1 virus. The companies have published a white paper entitled, “An Integrated Sensor System for the Detection of Bio-Threats from Pandemics to Emerging Diseases to Bioterrorism,” which outlines the system’s development and is available at www.verichipcorp.com.
Can you break this down a little, please excuse my ignorance – I am american. Is this a sickness detecting machine? or am I confused.
As far as I can tell, in essence, yeah, they’re saying that they have a way to rapidly detect these things. But this is also the company that makes the infamous RFID implants. So, the question has come up: Are these disease detectors meant to be implanted? I haven’t been able to find any clear answer on whether or not this is meant to be a standalone box or some kind of implant.