Last week, VeriChip announced its plans to fund its existing partnership with RECEPTORS to develop the virus triage detection system for the H1N1 virus. Today VeriChip has been granted an exclusive license to RECEPTORS’ Patent No. 7,504,364 titled “Methods of Making Arrays and Artificial Receptors” and Patent No. 7,469,076 “Sensors Employing Combinatorial Artificial Receptors,” in their application to the development of the virus triage detection system for the H1N1 virus. The patents can also be applied to detection systems for other viruses and biological threats such as Methicillin-resistant Staphylococcus aureus (MRSA).
Market Club has a very interesting take on how CHIP is playing out after the past volume surge. The “Trade Triangles” paint the picture. CLICK HERE and just enter the ticker (CHIP) your name and e-mail address for the FREE No strings Attached Report sent realtime to your in-box!
VERICHIP CORP (NASDAQ:CHIP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. TMG’s price target $5.75 near term.
Based on a pre-defined weighted trend formula for chart analysis, CHIP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
