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Avalon GloboCare Corp. (NASDAQ: ALBT) is a pioneering biotech company specializing in precision diagnostics, clinical laboratory services, and transformative biotechnology. The company operates through two primary segments: the real property operating segment, which drives its revenue, and the medical-related consulting services segment. As an innovative healthcare service provider, Avalon focuses on key diagnostic and therapeutic areas such as early detection of oral, ovarian, and kidney cancers, as well as skin regeneration and treatments for degenerative disorders.
Headquartered in Freehold, NJ, Avalon is committed to advancing high-impact biotechnology and clinical applications. Recently, the company launched Veritas Laboratory in Scottsdale, Arizona, a CLIA-certified and COLA-accredited facility offering comprehensive drug, genetic, urinary, and COVID-19 PCR testing. Moreover, Avalon continuously expands its testing footprint nationwide, leveraging the expertise of former Congressman Barry M. Goldwater Jr. to enhance insurance coverage and laboratory reach.
The company has introduced groundbreaking innovations such as the proprietary TB detection method and the KetoAir™ breathalyzer. The TB test, developed by Laboratory Services MSO, LLC (LSM), uses PCR technology for rapid and accurate tuberculosis detection from sputum samples. The KetoAir™ breathalyzer, a partnership with Qi Diagnostics, offers AI-driven nutritional insights for ketogenic dietary management.
Avalon’s strategic acquisitions underscore its growth trajectory. The acquisition of Merlin Medical Supply (MMS) and Leading Edge Innovations enhances its portfolio with durable medical equipment and the GeeWhiz External Condom Catheter, bolstering its presence in the medical supply market.
Further strengthening its intellectual property, Avalon recently secured a patent for QTY-Code modified cytokine and chemokine protein receptors, expanding the therapeutic targets for diseases like cancer. The company continues to innovate with upcoming studies on the DKAir™ breathalyzer for early detection of diabetic ketoacidosis.
For detailed information about Avalon GloboCare’s projects, recent developments, and strategic initiatives, visit their website and follow them on Twitter at @avalongc_avco.
Avalon GloboCare Corp. (NASDAQ: ALBT) announced that Laboratory Services MSO, (LSM), in which Avalon owns a 40% interest, has acquired DE Laboratory (DE Labs) in Houston, Texas. This acquisition expands LSM's presence in Texas and offers significant growth potential. DE Labs is a CLIA-certified and COLA-accredited laboratory that performs about 1,500 lab tests per month, focusing on toxicology and wellness testing.
LSM will operate DE Labs as a fully owned subsidiary and has invested capital for geographical expansion into surrounding counties. The acquisition aligns with Avalon's strategy to expand LSM through acquisitions and strategic relationships in the fragmented laboratory testing market. Avalon aims to target laboratories with exceptional performance, positive revenue track records, and niche-market advantages.
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