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    20B   CA09073K1084

BIOMARK DIAGNOSTICS INC.

(20B)
Delayed Deutsche Boerse AG  -  02:14 2022-06-30 am EDT
0.1960 EUR   +0.51%
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BioMark Continues to Strengthen its Intellectual Property position With New Patent

06/22/2022 | 10:45am EDT

Vancouver, British Columbia - BioMark Diagnostics Inc. ('BioMark' or the 'Company') (CSE: BUX) (FSE: 20B) (OTCMKTS: BMKDF) an advanced stage liquid biopsy company developing molecular diagnostic tests with a focus on hard to detect and treat cancers, is pleased to announce today that it has been successful in obtaining a novel patent in Japan, No. 7038044, further strengthening the Company's intellectual property position worldwide and coverage of its blood-based technology for early lung cancer detection and screening. The Japan Patent Office is the first to issue patent on the Company's biomarker panel for detecting lung cancer, which belongs to a large family of patents that BioMark owns, and complements similar patents currently pending in Canada, China, Europe, and US.

'The Intellectual Property (IP) portfolio of the Company now includes 7 distinct families of patents offering worldwide protection on early lung cancer detection and SSAT1 use for response to treatment in lung and brain cancers. BioMark's IP represents a significant asset providing early and cost-effective lung cancer management via simple and accessible blood test which will result in significant cost savings downstream, avoiding expensive treatment, hospital admissions and ultimately saving lives', says CEO Rashid Bux. He further adds, 'BioMark's portfolio of patents are testament of the robustness of its scientific and technology team that has over the years channeled targeted resources to ensure that we lead in the development of robust metabolites that can revolutionize early detection and diagnosis of lung cancer and other hard to detect cancers'.

In addition to its IP portfolio for the early detection and screening of lung cancer, BioMark successfully obtained certificate of registration for BioMark trademark use in Canada under Ref.: Canada R#021131-0028. The issued trademark will be used in Canada in association with the wares and/or services described in the registration which is what the company is planning to introduce firstly on its lung cancer screening assay primed for commercialization early next year.

About BioMark Diagnostics Inc.

BioMark is an oncology-focused company with advanced near-to-market liquid biopsy diagnostic technologies. BioMark's cancer diagnostics technology platform leverages the power of metabolomics and machine learning algorithms to bring new cancer diagnostics to market and improving cancer prognosis by allowing physicians to detect carcinomas in the pre-symptomatic stages. The technology can also be used for measuring response to treatment and potentially for serial monitoring of cancer survivors. While the Company current focus is on the commercialization of its liquid biopsy test for early detection of lung, it has plan to expand into other hard to detect and treat cancers such as brain, ovarian and pancreatic.

Further information about BioMark is available under its profile on the SEDAR website www.sedar.com and on the CSE website https://thecse.com/.

Contact:

Rashid Ahmed Bux

President & CEO

BioMark Diagnostics Inc.

Tel: 604-370-0779

Email: info@biomarkdiagnostics.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of BioMark. Forward-looking information is based on certain key expectations and assumptions made by the management of BioMark. Although BioMark believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because BioMark can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. BioMark disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events, or results or otherwise, other than as required by applicable securities laws.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 - - -
Net income 2021 -1,09 M -0,85 M -0,85 M
Net cash 2021 0,76 M 0,59 M 0,59 M
P/E ratio 2021 -18,1x
Yield 2021 -
Capitalization 22,2 M 17,2 M 17,2 M
EV / Sales 2020 48,4x
EV / Sales 2021 -
Nbr of Employees -
Free-Float 46,5%
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Managers and Directors
Rashid Ahmed Bux President, Chief Executive Officer & Director
Guoyu Huang Chief Financial Officer & Director-Project
Brian Cheng Independent Director & Chief Technology Officer
Jean Francois Haince Chief Scientific Officer & General Manager
Bram Ramjiawan Independent Director
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