TYSONS CORNER, Va. - PathSensors, Inc., a leading environmental pathogen detection company and a Blu Venture Investors portfolio company, entered into a merger agreement with Smiths Detection, a global leader in threat detection and screening technologies. The...read more
PathSensors receives expanded license from MIT for CANARY Technology
BALTIMORE, MD July 9, 2020 – PathSensors Inc., a Baltimore biotechnology company, announced today that Massachusetts Institute of Technology (MIT) has expanded the company’s exclusive license to include clinical applications for CANARY™ technology. This broader license allows PathSensors to move into the point-of-care diagnostic market, focusing initially on the SARS-CoV-2 biosensor. CANARY’s™ fast and highly sensitive assays will help to address the shortage of COVID-19 testing capabilities in the United States.
The company’s core business is environmental testing in fields such as building protection, mail security, food safety, and agriculture. Test panels for other infectious diseases will follow in future years.
“PathSensors originally developed CANARY™ technology for commercial use in 2012,” stated PathSensors’ President, Ted Olsen. “Now 8 years later, we are bringing CANARY™ to the healthcare field to provide rapid and highly sensitive detection solutions for a major public health crisis.”
CANARY™ is a biosensor technology that delivers extremely rapid detection of pathogens with high sensitivity and specificity. Originally developed by scientists at MIT–Lincoln Laboratory to combat bioterrorism threats, CANARY™ has been licensed and commercialized by PathSensors, Inc.
About PathSensors, Inc.
PathSensors is a leading environmental testing company offering cutting-edge pathogen detection capabilities to a variety of industries including food safety, agriculture, infectious disease, and bioterrorism. The company makes the world a safer place by detecting pathogens that can cause sickness or worse while creating high technology jobs in the state of Maryland.
Business Development Associate