Beacon Biomedical Inc. Opens R&D and CLIA Laboratory To Advance Early Cancer Detection Research

PHOENIX - July 7, 2016 - PRLog -- Beacon Biomedical, Inc., a privately held company focused on developing highly accurate laboratory and point-of-care blood tests for colorectal cancer screening and its early detection, announced today that they have opened up Corporate Offices and their R&D-CLIA laboratory at the Center for Entrepreneurial Innovation (CEI) in Phoenix.

Don Weber, CEO of Beacon, stated, "We are thrilled to be opening our offices and laboratory at the Center for Entrepreneurial Innovation (CEI) here in Phoenix. We are now one step closer to reaching our goal of having an easy, accurate and affordable blood-based colorectal cancer screening test available to healthcare providers and their patients by year end."

Thomas Schumann, Executive Director of the Center for Entrepreneurial Innovation, added, "We are very pleased that Beacon Biomedical chose the Center for Entrepreneurial Innovation for their Laboratory. Their screening technologies that allow for an earlier detection of cancers promise to save lives and will have a measurable impact on healthcare costs. Working together we hope to accelerate their success in the marketplace."

Beacon's laboratory buildout provides both the R&D and CLIA capabilities needed to both ramp-up additional/new IP generation and the production capacity to support up to 125,000 tests per year ($9.3 MM Sales) following the October Laboratory Developed Test (LDT) launch

About Beacon Biomedical, Inc.

Beacon Biomedical, Inc. is a privately held assay development and medical device company focused on developing and commercializing easy, accurate and affordable colorectal, breast and lung cancer screening solutions. Additional information about Beacon Biomedical is available at https://www.beaconbiomedical.com.

About CEI

A division of the Maricopa Corporate College, the Center for Entrepreneurial Innovation is a community-based business incubator located in the heart of Discovery Triangle. With funding from the US Economic Development Administration, City of Phoenix and Maricopa County Community College District, CEI provides targeted business services and proactive business support to create a systematic link between technology development, compelling markets and opportunities; entrepreneurial and managerial talent development; early stage capital sourcing; and education and training, interns, coaching and business counseling from Maricopa Small Business Development Center (SBDC) analysts and other leading industry specialists. For more about CEI, visit https://www.ceigateway.com.