Bio-AMD, Inc.; Ethics Approval for Patient Testing Study

London, England July 2, 2015; Bio-AMD, Inc. and Bio Alternative Medical Devices Ltd., our majority owned medical devices subsidiary (together “Bio-AMD”, “We” or the “Company” OTCQB: BIAD) is pleased to announce it has obtained a “favourable ethical opinion” from the North West Centre of Research Ethics Committees of the UK’s National Research Ethics Service (together, “NRES”), enabling it to undertake sample testing from patients as part of its development program.

NRES provides a robust framework aimed at protecting the rights, safety, dignity and well-being of research participants and is responsible for the facilitation and promotion of ethical research.

NRES ethical approval is a prerequisite for the development of a medical device requiring human sample testing. Consent is only given in circumstances where there is a potential benefit to participants, science and society. The Company is pleased to have secured this robustly examined approval and believes that it further validates the potential for its technology platforms. The testing will be conducted in conjunction with the Wythenshawe Hospital, part of the University Hospital of South Manchester NHS Foundation Trust.

Dr Djennati, Managing Director of Bio Alternative Medical Devices Ltd., said: “We are delighted to have received approval for testing and to be working with the Wythenshawe UHSM, which has an excellent research reputation.”

About Bio-AMD, Inc.

Bio-AMD has two majority owned UK subsidiaries: Bio-AMD Limited, a technology developer for medical diagnostic devices; and WOCU Ltd, the owner of the WOCU®, a global currency data reference source for application in financial markets. (

To find out more about Bio-AMD (OTCQB: BIAD), visit our website at

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Tom Barr, CEO
+44 (0)8445 861 910