Can you comment on HPV-detection purchase? That's a technology with limited current sales. I called Winnie (IR), she summed up several comps to support the purchase price. Still why such a huge price tag for one technology without current sales?
The company plans to develop more bioassays based on SPR that will go beyond detection of HPV. The following is From CMED press release.
"The SPR System utilizes Surface Plasmon Resonance ("SPR") technology, the leading biosensor technology in molecular biology. SPR technology has been successfully used for the analysis of proteins, nucleic acids and viruses for the past 20 years and has become as a powerful platform for life sciences, drug discovery, medicine and food safety. HPV can be detected by adding pathological samples on the HPV Chip which is analyzed with the SPR System. The SPR System is label-free with high throughput, high speed and a high degree of automation. The detection results can be displayed on a real-time and online basis. The SPR System can be used in various clinical diagnostic applications, such as the detection of biomarkers related to infectious diseases, cancers, cardiovascular disorders and immune system disorders. The Company plans to develop and introduce more products for such applications."