FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Mag One Products Signs Letter Of Intent with Mianna Consulting & Design Inc for the Rebranding, Logisitics and Regulatory Requirements to Market Vera Clean Products in North America.”
Mag One Products Inc. (OTC: MGPRF) (CSE: MDD) announce that it has signed a Consulting Agreement with MiAnna Consulting & Design Inc (MiAnna)
Mag One Products Inc.is a technology, processing & production company. Using its game-changing technology, Mag One Products aims to be the most environmentally friendly & sustainable producer of magnesium (Mg) metal, ultrapure Mg compounds, by-products and vertically integrated co-products.
Under current conditions, many companies in various industries have had to find a niche from which to benefit. In fact, social distancing and disinfecting have become elevated to necessities in several industries, which previously may not have had strong growth prospects. For example, health technology device companies are benefiting from testing kits and other devices necessary to treat or diagnose patients. Meanwhile, several biotechnology companies are anticipated to have results on potential new vaccines. And companies manufacturing disinfecting and sanitizing products have largely benefited from the recent spike in demand. Hand sanitizers were growing in popularity even before the events of this year, however consumers around the world are now taking up more stringent preventive measures to control outbreaks of various diseases. Sanitizers can be an effective tool for disinfecting hands when not near washing facilities, as the high concentration of alcohol can also kill virus particles. And according to data published by Allied Market Research, the global hand sanitizer market size was valued at USD 919 Million in 2016 and is expected to reach USD 1,755 Million by 2023 all the while expanding at a CAGR of 9.9% from 2017 to 2023.
While biotech companies report work on vaccines and possible treatments and medical device companies progress on patient monitoring, many others have been working on improving testing options. For example, back in April, Rutgers University researchers had received U.S. government clearance for the first saliva test to help diagnose the virus, which is a new approach that could help expand testing options and reduce the risks of infection for healthcare workers. According to a report by the Associated Press, Andrew Brooks, who directs the Rutgers lab that developed the test, explained that the test “prevents health care professionals from having to actually be in the face of somebody that is symptomatic.” The Rutgers lab can currently process 10,000 patient samples per day, according to Brooks. It is important to note that in the authorization letter to Rutgers, the FDA specified that the test should only be performed “in a health care setting under the supervision of a trained health care provider.” As of right now, the FDA did not approve any tests for use at home, yet several companies have reported that such tests are being developed.
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