How much will the BioLuminate Smart ProbeTM cost?
It is estimated that the BioLuminate Smart Probe procedure will cost $525 per test, which includes a $250 disposable needle. The entire instrument system, consisting of computer, optical components, conversion electronics and graphics display, is expected to cost less than $50,000. • What is the size of the market for this product? The combined U.S. and European markets for breast cancer detection products includes up to 12.6 million women annually. In the U.S., about 975,000 open surgical breast biopsies are performed each year. European numbers are typically 80 percent of U.S. numbers. • What other uses are foreseen for the Smart Probe? Based on our new platform technology, BioLuminate is developing a measurement device that will detect a significant number of the malignant breast lesions that are missed each year by current marginal screening procedures. We also expected to greatly improve breast cancer screening effectiveness, especially in younger women where mammograms are less e
