Response Biomedical Corporation Reports 2007 Financi...(ine and testing which we believe will sp...),Health

Date:3/31/2008

ine and testing, which we believe will spur the demand for the adoption of point-of-care diagnostics for screening, for emergency applications and for monitoring the health status of the patient. As we have just moved to our new state-of-the art facility and begin the scale-up of our manufacturing capabilities to meet projected partners' demand, we believe the Company is well-positioned to capitalize on these large and growing markets."

About Response Biomedical

Response Biomedical develops, manufactures and markets rapid on-site diagnostic tests for use with its portable RAMP(R) Platform for clinical and environmental applications. RAMP(R) represents a new paradigm in diagnostics that provides high sensitivity and reliable information in minutes. It is ideally suited to both point-of-care testing and laboratory use. The RAMP(R) system consists of a portable fluorescent reader and single-use disposable test cartridges, and has the potential to be adapted to more than 250 medical and non-medical tests currently performed in laboratories. RAMP(R) clinical tests are commercially available for the early detection of heart attack and congestive heart failure.

In late 2006, the Company formed a strategic alliance with 3M Company to commercialize rapid infectious disease tests. In the non-clinical market, RAMP(R) Tests are currently provided for the environmental detection of West Nile Virus, and Biodefense applications including the rapid on-site detection of anthrax, smallpox, ricin and botulinum toxin. Several other product applications are under development. The Company has achieved CE Marking and its Quality Management System is registered to ISO 13485: 2003 and ISO 9001: 2000.

Response Biomedical is a publicly traded company, listed on the TSX under the trading symbol "RBM" and quoted on the OTC Bulletin Board under the symbol "RPBIF". For further information, please visit the Company's website at '/>"/>

SOURCE Response Biomedical Corp. Copyright©2008 PR Newswire. All rights reserved

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