Biomagnetics Diagnostics Corp.

Biomagnetics Diagnostics Corp.

BMGP
Biomagnetics Diagnostics Corp.US flagOther OTC
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1,265.00Market Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Clayton Hardman
Full Time Employees
2
Sector
Healthcare
Industry
Medical - Specialties
Address
8864 Greenback Lane Suite EOrangevale, 95662United States Orangevale United States of America
IPO Date
Jul 27, 2023
Business
Biomagnetics Diagnostics Corp. Biomagnetics Diagnostics Corp. (BMGP), a medical device and biotechnology company headquartered in Orangevale, California and founded in 1997, designs, patents, and markets diagnostic equipment and immunoassays for real-time detection of viruses, toxins, and diseases. The company develops a portfolio of patented technologies, including the High Throughput Screening–Magnetic Testing Platform (HTS-MTP), which provides qualitative and quantitative results from a single test by measuring magnetic fields of micro-particles bonded to target viruses; the Integrated Optical Biosensor System (also referred to as Integrity Optical Biosensor or IOBS), based on protein-receptor binding using planar optical waveguides to trigger fluorescence changes detected by onboard sensors; and other biotechnologies covering bacterial and viral assays for use with its diagnostics systems. It operates primarily in the United States, targeting healthcare providers, laboratories, and research institutions with products focused on rapid testing for conditions such as HIV, hepatitis, tuberculosis, and malaria. Biomagnetics maintains a licensing and collaborative research and development agreement with Los Alamos National Security LLC for its Integrated Optical BioSensor technology. Recently, the company entered an acquisition-related quiet period after securing significant acquisition capital and contracting with Southbridge Business Resources of Tulsa, Oklahoma, to identify strategic acquisition targets, signaling a push toward expansion through mergers and potential spin-offs of non-core operations such as its prior Chinese bio-fuels activities.