Sept 21 (Reuters) - Shares of VeriChip Corp (CHIP.O) tripled after the company said it had been granted an exclusive license to two patents, which will help it to develop implantable virus detection systems in humans.
The patents, held by VeriChip partner Receptors LLC, relate to biosensors that can detect the H1N1 and other viruses, and biological threats such as methicillin-resistant Staphylococcus aureus, VeriChip said in a statement.
The technology will combine with VeriChip's implantable radio frequency identification devices to develop virus triage detection systems. The triage system will provide multiple levels of identification -- the first will identify the agent as virus or non-virus, the second level will classify the virus and alert the user to the presence of pandemic threat viruses and the third level will identify the precise pathogen, VeriChip said in a white paper published May 7, 2009.
Shares of VeriChip were up 186 percent at $3.28 Monday late afternoon trade on Nasdaq. They had touched a year high of $3.43 earlier in the session.
(Reporting by Mansi Dutta in Bangalore; Editing by Mike Miller
and Anil D'Silva)
UPDATE 1-VeriChip shares jump after H1N1 patent license win | Industries | Technology, Media & Telecommunications | Reuters
Why do we need this? We have virus detection via our immune system, which is equipped to destroy viruses. If this were happening at another point in time I might have been inclined to laugh and consider someone had donned a tinfoil hat, but at this time of impending total government control, it's possible that this is concealed in a folder detailing a plan with far greater intentions.
So, are we going to be tracked and sorted out by sick and healthy? Which of the sick would be eligible for healthcare? The young? And how about just turning up the RF and frying the elderly and disabled when they get to be a drain on the healthcare plan.
The patents, held by VeriChip partner Receptors LLC, relate to biosensors that can detect the H1N1 and other viruses, and biological threats such as methicillin-resistant Staphylococcus aureus, VeriChip said in a statement.
The technology will combine with VeriChip's implantable radio frequency identification devices to develop virus triage detection systems. The triage system will provide multiple levels of identification -- the first will identify the agent as virus or non-virus, the second level will classify the virus and alert the user to the presence of pandemic threat viruses and the third level will identify the precise pathogen, VeriChip said in a white paper published May 7, 2009.
Shares of VeriChip were up 186 percent at $3.28 Monday late afternoon trade on Nasdaq. They had touched a year high of $3.43 earlier in the session.
(Reporting by Mansi Dutta in Bangalore; Editing by Mike Miller
and Anil D'Silva)
UPDATE 1-VeriChip shares jump after H1N1 patent license win | Industries | Technology, Media & Telecommunications | Reuters
Why do we need this? We have virus detection via our immune system, which is equipped to destroy viruses. If this were happening at another point in time I might have been inclined to laugh and consider someone had donned a tinfoil hat, but at this time of impending total government control, it's possible that this is concealed in a folder detailing a plan with far greater intentions.
So, are we going to be tracked and sorted out by sick and healthy? Which of the sick would be eligible for healthcare? The young? And how about just turning up the RF and frying the elderly and disabled when they get to be a drain on the healthcare plan.
