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AspenBio Pharma Appendicitis Diagnosis
AspenBio Pharma, Inc. (APPY) is a biopharmaceutical company that creates drugs and diagnostics for human and animal healthcare. The company's pipeling includes AppyScore, which is an aid in the diagnosis of appendicitis. It is a simple blood test enabling doctors to quickly diagnose appendicitis.
It is hoped that AppyScore will get approved by the FDA by some time in the second half of 2010. According to Aspen the market for this product is $600 million. The company's current market cap is $74 million, and they have $11 million in cash, but they will likely need to raise money soon.
Aspen also makes animal healthcare products for reproductive health. One of their products reduces the risk of loss of pregnancy in dairy cows. Aspen also manufactures and markets purified protein products for the purpose of determining if diagnostic test kits are functioning properly.
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