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VeriChip shares jump after H1N1 patent license win
Mon Sep 21, 2009 3:21pm EDT

(Reuters) - Shares of VeriChip Corp (CHIP.O) tripled after the company said
it had been granted an exclusive license to two patents, which will help it
to develop implantable virus detection systems in humans.

The patents, held by VeriChip partner Receptors LLC, relate to biosensors
that can detect the H1N1 and other viruses, and biological threats such as
methicillin-resistant Staphylococcus aureus, VeriChip said in a statement.

The technology will combine with VeriChip's implantable radio frequency
identification devices to develop virus triage detection systems.

The triage system will provide multiple levels of identification -- the
first will identify the agent as virus or non-virus, the second level will
classify the virus and alert the user to the presence of pandemic threat
viruses and the third level will identify the precise pathogen, VeriChip
said in a white paper published May 7, 2009.

Shares of VeriChip were up 186 percent at $3.28 Monday late afternoon trade
on Nasdaq. They had touched a year high of $3.43 earlier in the session.

(Reporting by Mansi Dutta in Bangalore; Editing by Mike Miller and Anil
D'Silva)

http://www.reuters.com/article/hotSt...58K4BZ20090921