BRNI and Inverness Medical Innovations to Develop Commercial Test to Detect Early Alzheimer’s Disease

May 27, 2009 – The Blanchette Rockefeller Neurosciences Institute (BRNI) and Inverness Medical Innovations, Inc. (Inverness, NYSE:IMA) of Waltham, Massachusetts, a global leader in rapid diagnostics and health management, announced that they will work together to further develop and commercialize a diagnostic test for Alzheimer’s disease first discovered by scientists at BRNI.

The BRNI test, once fully commercialized, could dramatically change the time and way that the disease is treated. The agreement also marks the first major global private sector deal involving BRNI technology and science. Under the terms of the arrangement, Inverness will fund the development efforts to be conducted by BRNI over an initial three year period. Inverness has also obtained an option which, if exercised, will provide Inverness with certain rights to the technology developed for use in the diagnosis, prognosis and monitoring of Alzheimer’s disease... Inverness Medical Innovations' Press Releases -