Encapsulated Beads while Merck Chimie is finalizing its owns proprietary encapsulation of the CardioGenics beads. CardioGenics also announced that it is accelerating wholesale shell beads commercialization efforts for its magnetic beads and as a result, the Company has signed two significant Material Transfer Agreements "MTA" with 2 major international life sciences companies. Under the first MTA with one of the top wholesale hematite beads beads production and distribution companies, CardioGenics will furnish them with its silver-coated magnetic beads for polymer coating by the distributor. In addition, the distributor will provide CardioGenics with their magnetized bead prototypes, which CardioGenics will then silver-coat with its proprietary silver-coating technology. Under the second MTA with one of the top IVD companies, CardioGenics wholesale wood beads furnish them with its silver-coated and polymer encapsulated magnetic beads for subsequent testing and evaluation in their various test products. Magnetic beads are a key component of virtually every immunoassay analyzer in the world.
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