WESTPORT, CT / ACCESSWIRE / August 18, 2022 / CYduct Diagnostics, Inc. (OTC PINKK:CYDX), a medical device company pursuing innovations within the women's healthcare market, primarily breast healthcare and wellness, today provides a corporate update and letter from President, Dominick Gatto.
Dear Shareholders,
Upon changing our ticker symbol to "CYDX", we have taken further initiatives to develop, refine and execute our strategy to position our company to execute our strategic plans.
The Company has retained the public accounting firm TPS Thayer, LLC to complete our audit with the aim of becoming a fully reporting company by early 2023.
We have also appointed Anthony L.G., PLLC as our Corporate and Securities counsel. The firm's principal, Laura Anthony Esq., and her team have significant experience in assisting companies in creating and executing innovative and strategic legal plans.
We have also engaged an investor relations firm, headed by Preya Narain, that is committed to providing our shareholders transparent access to company milestone achievements through continued communications, through formal press releases as well as through our corporate social media platforms.
Acquisition & Research
Over the past year, we are proud to have achieved several milestones for our company:
- HHC PREFERRED LLC.: CYduct successfully acquired the assets of HHC Preferred LLC (HHC) including the technology embodied in HHC"s patented, noninvasive device that is used to obtain nipple aspirate fluid (''NAF''). The assets included Intellectual property, finished goods inventory, manufacturing tooling, FDA regulatory 510K clearance and other materials pertinent to the device and its history.
- Proteomic Research Agreement with Yale University: CYduct entered into a Sponsored Research Agreement with Yale University that will facilitate the testing, development and performance of the University's patented nanowire biosensor technology to detect critical protein biomarkers that have been shown to be indicative of breast health and risk of breast cancer. This Agreement also grants CYduct an exclusive option to license this technology.
- BioCT: CYduct joined BioCT, Connecticut's Biosciences Community. For more information, please visit www.bioct.org
Partnerships & Development
We expect the remainder of 2022 to be a building period for our company, and we https://www.bioct.orghave several corporate initiatives that we are currently striving towards:
- Continue the actions necessary to develop what we believe will be a revolutionary Point-of-Care proteomic NAF diagnostic device that will utilize Yale's patented Nanowire technology
- Engage a leading medical device engineering firm to design and test CYduct's proprietary NAF collection device
- Begin testing of our first patient NAF sample study to detect targeted biomarkers associated with breast cancer
- Establish partnership with leading comprehensive clinical laboratory with testing services in the areas of women's health
- Further develop the Company's strategy to provide an at-home risk assessment tool utilizing the Company's unique NAF proteomic analysis kit
- Add key members to our management team
- Establish our product distribution network
- Build upon our commitment to create value to both women's health and our shareholders
Statistics from www.breastcancer.org have shown that approximately 1 in 8 women in the United States will develop breast cancer during their lifetime. At CYduct, we aim to drastically impact the world of women's health, and to deliver unique, proprietary products and testing capabilities that will offer hope in catching a malignancy at its earliest stage.
Thank you for your support!
Sincerely,
Dom Gatto
President
We encourage shareholders to visit our official corporate social media account for updates:
https://twitter.com/CYductDx
https://www.linkedin.com/company/cyductdx/
https://www.facebook.com/CYductDiagnostics
About CYduct Diagnostics, Inc.:
CYduct Diagnostics Inc. is a medical device company pursuing innovations within the women's healthcare market, primarily breast healthcare and wellness. CYduct is focused on breast health and wellness through new testing methods that prioritize clinical integrity and patient privacy and convenience. The Company's history is rooted in providing quality medical products to healthcare markets across the United States. For more than 30 years, from medical schools to hospitals, physicians have relied on the Company to develop medical devices, and procedural techniques for the screening, diagnosis, treatment and management of disease and medical conditions. Additional information on its line of products will be available on the Company's website at: www.CYductdx.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding the potential future plans and objectives of the Company, are forward-looking statements that involve significant risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The inability to raise additional capital, and technical complications in research, product development and validation, among other things, could prevent the implementation of strategically significant plan(s) outlined above. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Report filing and other filings with the OTC Markets Group (available at www.otcmarkets.com). The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
CONTACT:
CYduct Diagnostics, Inc.
Investor Relations +1-888-545-9112
SOURCE: CYduct Diagnostics, Inc