BETHLEHEM, Pa.--(BUSINESS WIRE)--Sept. 27, 2006--OraSure
Technologies, Inc. (NASDAQ: OSUR), the market leader in oral fluid
diagnostics and the manufacturer of the OraQuick ADVANCE(R) Rapid
HIV-1/2 Antibody Test, announced today that it has commenced several
laboratory-based operational studies as the initial stage of the
process to obtain U.S. Food and Drug Administration ("FDA") approval
of the OraQuick ADVANCE(R) test for use in the consumer or
over-the-counter ("OTC") market in the United States.
These studies are part of a group of research and development
protocols known as "stress" or "flex" studies that are designed to
demonstrate the robustness of the OraQuick(R) test for home use.
Specifically, the studies are designed to determine the impact of
environmental and common household factors on the performance of
OraQuick(R). Several of these studies were recently commenced and
several more are expected to be started in the near future. These
studies are in addition to those the Company previously performed when
it obtained a CLIA (Clinical Laboratory Improvements Amendments Act of
1988) waiver for the OraQuick(R) test in 2005.
"We are extremely pleased to have started the initial studies to
support our efforts to obtain FDA approval for an over-the-counter
offering of our OraQuick(R) test," said Douglas A. Michels, President
and Chief Executive Officer of OraSure Technologies. "In addition to
these laboratory-based stress studies, additional clinical studies are
planned under amendments to an Investigational Device Exemption that
we previously filed with the FDA. We look forward to continuing our
work with the FDA and other members of the healthcare community to
make a home use rapid HIV test available in the United States."
OraQuick ADVANCE(R) is the first and only FDA-approved and
CLIA-waived rapid point-of-care test that can detect antibodies to
both HIV-1 and HIV-2 in 20 minutes, using oral fluid, finger-stick or
venipuncture whole blood or plasma specimens. The Centers for Disease
Control and Prevention and the Substance Abuse and Mental Health
Services Administration have deployed over one million OraQuick(R)
tests in various public health, drug treatment and outreach settings
throughout the United States. The OraQuick(R) test is also used by
hospitals, state departments of health, clinics, community-based
organizations, and college/university health centers throughout the
country.
About OraSure Technologies
OraSure Technologies develops, manufactures and markets oral fluid
specimen collection devices using proprietary oral fluid technologies,
diagnostic products including immunoassays and other in vitro
diagnostic tests, and other medical devices. These products are sold
in the United States as well as internationally to various clinical
laboratories, hospitals, clinics, community-based organizations and
other public health organizations, distributors, government agencies,
physicians' offices, and commercial and industrial entities.
OraSure Technologies is the leading supplier of oral fluid
collection devices and assays to the life insurance industry and
public health markets for the detection of antibodies to HIV. In
addition, the Company supplies oral fluid testing solutions for drugs
of abuse testing. For more information on the Company, please go to
www.orasure.com.
Important Information
This press release contains certain forward-looking statements
including with respect to products, clinical studies and regulatory
submissions and approvals. Actual results could be significantly
different. Factors that could affect results include the ability to
market and sell products; impact of competitors, competing products
and technology changes; ability to develop, commercialize and market
new products; market acceptance of oral fluid testing or other new
products or technology; changes in market acceptance based on product
performance; continued bulk purchases by customers, including
governmental agencies, and the ability to fully deploy those purchases
in a timely manner; changes in relationships with strategic partners
and reliance on strategic partners for the performance of critical
activities under collaborative arrangements; failure of distributors
or other customers to meet purchase forecasts or minimum purchase
requirements for our products; ability to fund research and
development and other products and operations; ability to obtain and
maintain new or existing product distribution channels; reliance on
sole supply sources for critical product components; availability of
related products produced by third parties; ability to obtain, and
timing and cost of obtaining, necessary regulatory approval for new
products or new indications or applications for existing products;
ability to comply with applicable regulatory requirements; history of
losses and ability to achieve sustained profitability; volatility of
our stock price; uncertainty relating to patent protection and
potential patent infringement claims; uncertainty and costs of
litigation relating to patents and other intellectual property;
availability of licenses to patents or other technology; ability to
enter into international manufacturing agreements; obstacles to
international marketing and manufacturing of products; ability to sell
products internationally; loss or impairment of sources of capital;
ability to meet financial covenants in agreements with financial
institutions; ability to retain qualified personnel; exposure to
product liability, patent infringement, and other types of litigation;
changes in international, federal or state laws and regulations;
customer consolidations and inventory practices; equipment failures
and ability to obtain needed raw materials and components; the impact
of terrorist attacks and civil unrest; ability to complete
consolidation or restructuring activities; ability to identify,
complete and realize the full benefits of potential acquisitions; and
general political, business and economic conditions. These and other
factors are discussed more fully in the Securities and Exchange
Commission ("SEC") filings of OraSure Technologies, including its
registration statements, its Annual Report on Form 10-K for the year
ended December 31, 2005, its Quarterly Reports on Form 10-Q, and its
other filings with the SEC. Although forward-looking statements help
to provide complete information about future prospects, readers should
keep in mind that forward-looking statements may not be reliable. The
forward-looking statements are made as of the date of this press
release and OraSure Technologies undertakes no duty to update these
statements.
CONTACT: OraSure Technologies, Inc.
Ronald H. Spair, 610-882-1820
Investorinfo@orasure.com
www.orasure.com
or
Zer0 to 5ive
Media:
Jennifer Moritz, 917-748-4006
jmoritz@0to5.com
SOURCE: OraSure Technologies, Inc.