ORANGEVALE, Calif.--(BUSINESS WIRE)--Biomagnetics Diagnostics Corp., (PINK SHEETS:BMGP) a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, today announced the Company is in continuing contract negotiations to acquire the rights to Integrated Optical Biosensor System (IBOS) technology developed by one of the U.S. Government’s top national security research institutions. Successful conclusion will allow Biomagnetics Diagnostics to quickly enter the growing market for advanced biosensors capable of detecting and characterizing a broad range of infectious agents in a given sample, including viruses, bacteria and fungi. The Company initially plans to target the malaria and bovine tuberculosis testing markets.
