AMDL, Inc. Signs First Customer Agreement With Precision Diagnostic Laboratory for DR-70 (FDP) Cancer Test
30 April 2009 - 11:30PM
PR Newswire (US)
PDL first diagnostic laboratory to offer DR-70 diagnostic test to
doctors and patients in US; AMDL executes on worldwide product
commercialization strategy TUSTIN, Calif., April 30
/PRNewswire-FirstCall/ -- AMDL, Inc. (NYSE Alternext US: ADL), a
US-based pharmaceutical company with operations in China, announced
today it has signed Precision Diagnostic Laboratory (PDL) Inc. as
its first customer to offer the AMDL DR-70 (FDP) in vitro cancer
test to patients and doctors in the US. PDL Inc. is a full-service,
CAP (College of American Pathologists) and CLIA-certified clinical
laboratory that works directly with physicians, their staffs, and
end patients to deliver reliable, timely, high-quality and accurate
diagnostic testing. With this agreement, PDL is the first
diagnostic laboratory in the US to offer the AMDL DR-70 (FDP) in
vitro cancer test to doctors and their patients. To drive product
awareness and education, AMDL and PDL will jointly train physicians
and market the product to physicians and their patients in the US.
AMDL's agreement with PDL marks a critical milestone in an
international commercialization strategy AMDL is executing for the
test. This year, the Company expects to expand product distribution
and sales into up to ten worldwide markets which could lead to up
to $5 million in DR-70 sales for FY2009. Mr. Doug MacLellan,
Executive Chairman and CEO of AMDL stated, "This is a significant
and highly-anticipated milestone in the commercialization and
distribution for our DR-70 cancer test. We have extremely
aggressive business and financial targets for this product and are
very pleased to initiate sales with a highly-respected diagnostic
lab like PDL for this potentially life-saving cancer test." Mr.
Minh Nguyen, CEO of PDL Inc. also commented, "Our agreement for
AMDL's DR-70 blood test will expand market opportunities for PDL,
especially within the cancer diagnostics sector. We are thrilled to
be the first US-based lab to offer DR-70 to physicians and their
patients and anticipate strong product sales for the test." AMDL's
DR-70 (FDP) is a US FDA-approved cancer test that can be easily and
inexpensively added to the pre-existing line of diagnostics
routinely performed by physicians and clinical laboratories through
out the US. AMDL received clearance from the US FDA to market DR-70
for the monitoring of colorectal cancer on July 3, 2008. The
product has also been cleared in other international markets
including Canada for the detection of lung cancer, Korea and Taiwan
as a general cancer screen, and has the CE mark from the European
Union for product sales in Europe as a general cancer screen.
MacLellan continued, "This is an absolute win for AMDL and our
shareholders, and the first in a productive line of distribution
agreements we intend to sign for DR-70 and other strong selling
products. We are better positioned now than at any other time in
AMDL's 24-year history for success and remain focused on achieving
100% of our 2009 business and financial targets." Over the past
four years, AMDL has seen over 100% YOY growth and anticipates
continuing this trend in FY2009. Management's focus on developing a
strong, international sales and distribution network is the key to
meeting this target. Physicians and patients interested in learning
more about PDL and the AMDL DR-70 (FDP) cancer test can visit PDL's
website @ http://www.pdlinc.info/ or contact the company directly
at (714) 373-9484. For additional information on AMDL, its
portfolio of international health and beauty products, and 2009
business strategy, visit the Company's website at
http://www.amdl.com/ or contact AMDL Investor Relations at . About
AMDL: Headquartered in Tustin, CA with operations in Shenzhen,
Jiangxi, and Jilin, China, AMDL, Inc., along with its subsidiary
Jade Pharmaceutical Inc. (JPI), is a vertically integrated
pharmaceutical company devoted to the research, development,
manufacturing, and marketing of diagnostic, pharmaceutical,
nutritional supplement, and cosmetic products. The company employs
over 490 people in the U.S. and China. Forward-Looking Statements:
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this document
include certain predictions and projections that may be considered
forward-looking statements under securities law. These statements
involve a number of important risks and uncertainties that could
cause actual results to differ materially including, but not
limited to, the performance of joint venture partners, as well as
other economic, competitive and technological factors involving the
Company's operations, markets, services, products, and prices. With
respect to AMDL, Inc., except for the historical information
contained herein, the matters discussed in this document are
forward-looking statements involving risks and uncertainties that
could cause actual results to differ materially from those in such
forward-looking statements. AMDL Contact: Kristine Szarkowitz
Director-Investor Relations (Tel :) 206. 310.5323 DATASOURCE: AMDL,
Inc. CONTACT: Kristine Szarkowitz, Director-Investor Relations of
AMDL, +1-206-310-5323, Web Site: http://www.pdlinc.info/
http://www.amdl.com/
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