Decision Diagnostics Corp (DECN) 0.2850 $DECN
Decision Diagnostics Corp. Addresses FDA Safety Warning Letter
ACCESSWIRE - Thu May 01, 8:36AM CDT
Decision Diagnostics Corp.'s (OTCQB: DECN) stock volume soared, with 1,755,856 changing hands, 11 times more than its three-month average volume of 149,093 shares.
GenStrip Opportunity Expands Under Full Control of DECN's PharmaTech Division
Marketwire - Thu May 01, 8:20AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), and its subsidiary Pharma Tech Solutions, the FDA registered manufacturer and owner/operator for the popular GenStrip(TM) 50, a medical device specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today added clarification to its discussion about its recently acquired GenStrip product. The company stated that there is no question that GenStrip was born of the highest manufacturing practices and adheres closely and consistently meets or exceeds its own documented specifications cleared by the FDA in November 2012.
Decision Diagnostics Responds to Shasta Technologies FDA Safety Warning Letter
Marketwire - Wed Apr 30, 8:19AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), and its subsidiary Pharma Tech Solutions, the FDA registered manufacturer and owner/operator for the popular GenStrip(TM), a medical device specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today will comment on the April 29, 2014 FDA issued safety communication about the quality systems issues at Shasta Technologies LLC, the former owner/operator of GenStrip. Shasta is no longer involved with GenStrip.
Decision Diagnostics closes GenStrip's acquisition in all cash transaction
M2 - Thu Apr 17, 6:11AM CDT
Glucose test strip supplier Decision Diagnostics (OTCQB
ECN) revealed on Wednesday the completion of the acquisition of Genstrip, including the intellectual property, trademarks, the FDA cleared 510(k) and various public and private product registrations, in an all cash transaction.
Decision Diagnostics Subsidiary Acquires GenStrip
Marketwire - Wed Apr 16, 8:15AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), the manufacturer of the popular GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company's subsidiary, Pharma Tech Solutions, Inc. has announced the acquisition of Genstrip from Shasta Technologies LLC, including the intellectual property, trademarks, the FDA cleared 510(k) and various public and private product registrations. Pharma Tech has re-registered as Device Manufacturer of Genstrip with the U.S. FDA. Terms of the all cash acquisition have not yet been disclosed.
Decision Diagnostics Announces Posting and Airing of Its New GenStrip Commercial Titled "Monolith"
Marketwire - Mon Mar 31, 8:15AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that its Pharma Tech Solutions subsidiary has completed and will air in many regions in the U.S. its new commercial video titled "GenStrip: Monolith." The video is available for viewing at:
Decision Diagnostics Announces Engagement of Mark Krakauer to Head Up Genstrip Private Label Sales Efforts
Marketwire - Tue Mar 11, 8:15AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company has engaged Mark Krakauer to lead the company's private label marketing strategy. Mr. Krakauer is President of MWK Marketing, Inc. and a founder of the Private Label Manufacturers Association.
Decision Diagnostics Announces Agreement for Funding of Its Prosecution of Anti-Trust and False Advertising Suits Against Division of Johnson & Johnson
Marketwire - Tue Feb 18, 10:25AM CST
Decision Diagnostics Corp. (OTCQB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company has executed a Terms Agreement with a major east coast based litigation prosecution fund for the financing of the prosecution of DECN's countersuits brought against LifeScan, Inc., a division of Johnson and Johnson, Inc. DECN has asserted claims for anti-trust violations and false advertising.
Decision Diagnostics Announces Agreement for the Funding of Its Prosecution of Anti-Trust and False Advertising Suits Against Division of Johnson & Johnson
Marketwire - Fri Feb 14, 2:30PM CST
Decision Diagnostics Corp. (OTCQB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company has executed a Terms Agreement with a major east coast based litigation prosecution fund for the financing of the prosecution of DECN's countersuits brought against LifeScan, Inc., a division of Johnson and Johnson, Inc. DECN has asserted claims for anti-trust violations and false advertising.
Decision Diagnostics Announces Posting and Airing of Its New GenStrip Commercial Titled "A Winter Patchwork"
Marketwire - Wed Jan 15, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that its Pharma Tech Solutions subsidiary has completed and is airing in many regions in the U.S. its new commercial video titled "GenStrip: A Winter Patchwork." The video is available for viewing at: http://shastagenstrip.com/winter_ad.html or http://youtu.be/j0njOGSSKtQ.
Decision Diagnostics Corp concludes USD12.5m (non-dilutive) credit facility with Platinum Credit Management
M2 - Fri Dec 20, 5:46AM CST
Decision Diagnostics Corp (OTCBB ECN) reported on Thursday the completion of its USD12.5m revolving credit line with Alpha Credit Resources LLC, a division of Platinum Credit Management LP of New York, NY.
Decision Diagnostics Closes $12.5 Million (Non-Dilutive) Credit Facility With Division of Platinum Credit Management
Marketwire - Thu Dec 19, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN) the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that that the Company has closed its agreement for a $12.5 million revolving credit line from Alpha Credit Resources, LLC, a division of Platinum Credit Management LP of New York, NY.
Decision Diagnostics Receives Mandate From U.S. Court of Appeals for the Federal Circuit in the Long Running Dispute With J&J Division
Marketwire - Tue Dec 17, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that on December 11, 2013 the United States Court of Appeals for the Federal Circuit issued its Mandate, making its November 4, 2013 ruling final. Plaintiffs Lifescan Scotland, Ltd, and Lifescan, Inc., divisions of Johnson & Johnson failed to appeal the initial Circuit Court ruling during the statutory period of time allowed, although they still have time to appeal to the U.S. Supreme Court.
Decision Diagnostics Corp's board votes in favour of listing in the premier OTC market tier
M2 - Wed Dec 11, 5:58AM CST
The board of directors of Decision Diagnostics Corp (OTCBB ECN) said on Tuesday that its stock will now be uplisted to the OTC QX, the Premier OTC Market Tier, upon approval.
Decision Diagnostics' Board Votes to Uplist to OTC QX
Marketwire - Tue Dec 10, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that the company's Board of Directors has approved the company's uplisting to the OTC QX, the Premier OTC Market Tier. Concurrent with these Board Resolutions, the company has engaged a sponsoring brokerage and engaged counsel who shall serve as the company's Designated Advisor for Disclosure (DAD).
OTC Daily Alert Stock Watch - Decision Diagnostics Corp. (OTCQB: DECN)
WorldStockWire - Tue Sep 17, 6:30PM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Decision Diagnostics Corp. Announces Completion and Airing of Its New Genstrip Video Titled "A Patchwork of Life"
Marketwire - Tue Sep 10, 8:20AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that its Pharma Tech Solutions subsidiary has completed and is airing its new commercial video titled "Genstrip: A Patchwork of Life." The video is available for viewing at: http://shastagenstrip.com/shasta_ad.html or http://youtu.be/zzBuHxb-rlM. The company will publish the media schedule for future airings in the coming days.
Decision Diagnostic's GenStrip Could Change the Blood Glucose Market
Marketwire - Tue Sep 03, 6:56AM CDT
The glucose monitoring industry is growing at 25% annually and could grow to over $30 billion by 2017. Four players dominate the market, with Johnson & Johnson being the market share leader with over 30% market share. J&J's glucose monitoring system is the LifeScan Ultra with consists of LifeScan Ultra meters and test strips and have annual sales over $4 billion but an upstart player, Decision Diagnostics Corp. (OTCBB: DECN), is entering the market with a new low-cost (about 50% lower), high-performance test strip, which could gain significant market share at the expense of the leaders, according to a new report by Equity Brief.
Decision Diagnostics Subsidiary Makes Move and Sues Two Johnson and Johnson Divisions for False Advertising in Ongoing Battle
Marketwire - Thu Aug 01, 8:15AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, announced today the filing of counterclaims by its subsidiary Pharma Tech Solutions, Inc. for false and misleading advertising against two of Johnson & Johnson, Inc. ("J&J"
wholly owned subsidiaries, Lifescan, Inc., and Lifescan Scotland, LTD (collectively "Lifescan" . The company and its Pharma Tech Solutions, Inc. ("Pharma Tech" subsidiary have been in patent litigation with the Lifescan subsidiaries since September 2011.
DECN Steps Into Role of White Knight by Offering Strategic Version of GenStrip(TM) Exclusively for Medicare Competitive Bidding Program
Marketwire - Wed May 29, 8:15AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan family of glucose testing meters, announced today that the company and its subsidiary PharmaTech Solutions, Inc. have launched a strategically packaged version of the Shasta GenStrip(TM) for sale to companies who service the "direct to patient" fulfillment (mail order and durable medical goods) channels. This channel, estimated to command a share in excess of 25% of all diabetes testing, takes on increased importance as a result of Medicare's mandated competitive bidding, which is anticipated to lower reimbursement of supplies and medical goods for diabetics by approximately 67% beginning July 1, 2013 and thus to lower market diversity in this important and traditional channel.
Decision Diagnostics Corp. Addresses FDA Safety Warning Letter
ACCESSWIRE - Thu May 01, 8:36AM CDT
Decision Diagnostics Corp.'s (OTCQB: DECN) stock volume soared, with 1,755,856 changing hands, 11 times more than its three-month average volume of 149,093 shares.
GenStrip Opportunity Expands Under Full Control of DECN's PharmaTech Division
Marketwire - Thu May 01, 8:20AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), and its subsidiary Pharma Tech Solutions, the FDA registered manufacturer and owner/operator for the popular GenStrip(TM) 50, a medical device specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today added clarification to its discussion about its recently acquired GenStrip product. The company stated that there is no question that GenStrip was born of the highest manufacturing practices and adheres closely and consistently meets or exceeds its own documented specifications cleared by the FDA in November 2012.
Decision Diagnostics Responds to Shasta Technologies FDA Safety Warning Letter
Marketwire - Wed Apr 30, 8:19AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), and its subsidiary Pharma Tech Solutions, the FDA registered manufacturer and owner/operator for the popular GenStrip(TM), a medical device specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today will comment on the April 29, 2014 FDA issued safety communication about the quality systems issues at Shasta Technologies LLC, the former owner/operator of GenStrip. Shasta is no longer involved with GenStrip.
Decision Diagnostics closes GenStrip's acquisition in all cash transaction
M2 - Thu Apr 17, 6:11AM CDT
Glucose test strip supplier Decision Diagnostics (OTCQB
ECN) revealed on Wednesday the completion of the acquisition of Genstrip, including the intellectual property, trademarks, the FDA cleared 510(k) and various public and private product registrations, in an all cash transaction. Decision Diagnostics Subsidiary Acquires GenStrip
Marketwire - Wed Apr 16, 8:15AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), the manufacturer of the popular GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company's subsidiary, Pharma Tech Solutions, Inc. has announced the acquisition of Genstrip from Shasta Technologies LLC, including the intellectual property, trademarks, the FDA cleared 510(k) and various public and private product registrations. Pharma Tech has re-registered as Device Manufacturer of Genstrip with the U.S. FDA. Terms of the all cash acquisition have not yet been disclosed.
Decision Diagnostics Announces Posting and Airing of Its New GenStrip Commercial Titled "Monolith"
Marketwire - Mon Mar 31, 8:15AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that its Pharma Tech Solutions subsidiary has completed and will air in many regions in the U.S. its new commercial video titled "GenStrip: Monolith." The video is available for viewing at:
Decision Diagnostics Announces Engagement of Mark Krakauer to Head Up Genstrip Private Label Sales Efforts
Marketwire - Tue Mar 11, 8:15AM CDT
Decision Diagnostics Corp. (OTCQB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company has engaged Mark Krakauer to lead the company's private label marketing strategy. Mr. Krakauer is President of MWK Marketing, Inc. and a founder of the Private Label Manufacturers Association.
Decision Diagnostics Announces Agreement for Funding of Its Prosecution of Anti-Trust and False Advertising Suits Against Division of Johnson & Johnson
Marketwire - Tue Feb 18, 10:25AM CST
Decision Diagnostics Corp. (OTCQB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company has executed a Terms Agreement with a major east coast based litigation prosecution fund for the financing of the prosecution of DECN's countersuits brought against LifeScan, Inc., a division of Johnson and Johnson, Inc. DECN has asserted claims for anti-trust violations and false advertising.
Decision Diagnostics Announces Agreement for the Funding of Its Prosecution of Anti-Trust and False Advertising Suits Against Division of Johnson & Johnson
Marketwire - Fri Feb 14, 2:30PM CST
Decision Diagnostics Corp. (OTCQB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's LifeScan Ultra family of glucose testing meters, today announced that that the Company has executed a Terms Agreement with a major east coast based litigation prosecution fund for the financing of the prosecution of DECN's countersuits brought against LifeScan, Inc., a division of Johnson and Johnson, Inc. DECN has asserted claims for anti-trust violations and false advertising.
Decision Diagnostics Announces Posting and Airing of Its New GenStrip Commercial Titled "A Winter Patchwork"
Marketwire - Wed Jan 15, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that its Pharma Tech Solutions subsidiary has completed and is airing in many regions in the U.S. its new commercial video titled "GenStrip: A Winter Patchwork." The video is available for viewing at: http://shastagenstrip.com/winter_ad.html or http://youtu.be/j0njOGSSKtQ.
Decision Diagnostics Corp concludes USD12.5m (non-dilutive) credit facility with Platinum Credit Management
M2 - Fri Dec 20, 5:46AM CST
Decision Diagnostics Corp (OTCBB
ECN) reported on Thursday the completion of its USD12.5m revolving credit line with Alpha Credit Resources LLC, a division of Platinum Credit Management LP of New York, NY. Decision Diagnostics Closes $12.5 Million (Non-Dilutive) Credit Facility With Division of Platinum Credit Management
Marketwire - Thu Dec 19, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN) the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that that the Company has closed its agreement for a $12.5 million revolving credit line from Alpha Credit Resources, LLC, a division of Platinum Credit Management LP of New York, NY.
Decision Diagnostics Receives Mandate From U.S. Court of Appeals for the Federal Circuit in the Long Running Dispute With J&J Division
Marketwire - Tue Dec 17, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that on December 11, 2013 the United States Court of Appeals for the Federal Circuit issued its Mandate, making its November 4, 2013 ruling final. Plaintiffs Lifescan Scotland, Ltd, and Lifescan, Inc., divisions of Johnson & Johnson failed to appeal the initial Circuit Court ruling during the statutory period of time allowed, although they still have time to appeal to the U.S. Supreme Court.
Decision Diagnostics Corp's board votes in favour of listing in the premier OTC market tier
M2 - Wed Dec 11, 5:58AM CST
The board of directors of Decision Diagnostics Corp (OTCBB
ECN) said on Tuesday that its stock will now be uplisted to the OTC QX, the Premier OTC Market Tier, upon approval. Decision Diagnostics' Board Votes to Uplist to OTC QX
Marketwire - Tue Dec 10, 8:15AM CST
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the popular Shasta GenStrip(TM), the unique Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that the company's Board of Directors has approved the company's uplisting to the OTC QX, the Premier OTC Market Tier. Concurrent with these Board Resolutions, the company has engaged a sponsoring brokerage and engaged counsel who shall serve as the company's Designated Advisor for Disclosure (DAD).
OTC Daily Alert Stock Watch - Decision Diagnostics Corp. (OTCQB: DECN)
WorldStockWire - Tue Sep 17, 6:30PM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Decision Diagnostics Corp. Announces Completion and Airing of Its New Genstrip Video Titled "A Patchwork of Life"
Marketwire - Tue Sep 10, 8:20AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, today announced that its Pharma Tech Solutions subsidiary has completed and is airing its new commercial video titled "Genstrip: A Patchwork of Life." The video is available for viewing at: http://shastagenstrip.com/shasta_ad.html or http://youtu.be/zzBuHxb-rlM. The company will publish the media schedule for future airings in the coming days.
Decision Diagnostic's GenStrip Could Change the Blood Glucose Market
Marketwire - Tue Sep 03, 6:56AM CDT
The glucose monitoring industry is growing at 25% annually and could grow to over $30 billion by 2017. Four players dominate the market, with Johnson & Johnson being the market share leader with over 30% market share. J&J's glucose monitoring system is the LifeScan Ultra with consists of LifeScan Ultra meters and test strips and have annual sales over $4 billion but an upstart player, Decision Diagnostics Corp. (OTCBB: DECN), is entering the market with a new low-cost (about 50% lower), high-performance test strip, which could gain significant market share at the expense of the leaders, according to a new report by Equity Brief.
Decision Diagnostics Subsidiary Makes Move and Sues Two Johnson and Johnson Divisions for False Advertising in Ongoing Battle
Marketwire - Thu Aug 01, 8:15AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Glucose Test Strip, specifically designed to work with Johnson & Johnson's (NYSE: JNJ) LifeScan Ultra family of glucose testing meters, announced today the filing of counterclaims by its subsidiary Pharma Tech Solutions, Inc. for false and misleading advertising against two of Johnson & Johnson, Inc. ("J&J"
wholly owned subsidiaries, Lifescan, Inc., and Lifescan Scotland, LTD (collectively "Lifescan" . The company and its Pharma Tech Solutions, Inc. ("Pharma Tech" subsidiary have been in patent litigation with the Lifescan subsidiaries since September 2011. DECN Steps Into Role of White Knight by Offering Strategic Version of GenStrip(TM) Exclusively for Medicare Competitive Bidding Program
Marketwire - Wed May 29, 8:15AM CDT
Decision Diagnostics Corp. (OTCBB: DECN), the exclusive worldwide sales, service and regulatory processes agent for the Shasta GenStrip(TM), the Green Test Strip, specifically designed to work with the Johnson & Johnson's (NYSE: JNJ) LifeScan family of glucose testing meters, announced today that the company and its subsidiary PharmaTech Solutions, Inc. have launched a strategically packaged version of the Shasta GenStrip(TM) for sale to companies who service the "direct to patient" fulfillment (mail order and durable medical goods) channels. This channel, estimated to command a share in excess of 25% of all diabetes testing, takes on increased importance as a result of Medicare's mandated competitive bidding, which is anticipated to lower reimbursement of supplies and medical goods for diabetics by approximately 67% beginning July 1, 2013 and thus to lower market diversity in this important and traditional channel.
