Intelligent Bio Solutions publishes investor presentation on fingerprint sweat-based rapid drug screening system
Intelligent Bio Solutions Inc.
Intelligent Bio Solutions Inc. INBS | 0.00 |
- Intelligent Bio Solutions highlighted its fingerprint-sweat drug screening system, targeting a 16-24 hour detection window to better indicate potential impairment.
- System workflow: 5-second fingertip sample collection, cartridge inserted into a reader, results in under 10 minutes.
- Validation study underway for a rapid cartridge targeting 70% faster results.
- U.S. strategy centers on seeking FDA clearance for codeine detection to expand beyond forensic-only settings into the U.S. drug screening market.
- Fiscal Q3 gross margin 50.5%; nine-month revenue USD 3.07 million; Q3 revenue USD 1.06 million; Q3 cartridge sales USD 703,538.
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