NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that it is entering the next phase of its planned 510(k) submission to the FDA. The Company has successfully completed subject screening for its Pharmacokinetic (PK) Study and will begin dosing and sampling study subjects today. INBS' PK study is a key step towards the Company's planned ...

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (NASDAQ:INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the implementation of a strategic and comprehensive reorganization and productivity plan to support the Company's global growth initiatives. Harry Simeonidis, President and CEO at INBS, commented, "This strategic realignment will refocus priorities to better serve our global markets, enh ...

The addition of the European transport and infrastructure solutions provider to INBS' growing number of accounts shows an increasing interest in its innovative technology within the transport and infrastructure sectors. INBS' existing customer, VANTEC Europe Limited ("VANTEC"), is a global provider of transportation and logistics solutions with 12 operations throughout the UK. VANTEC has used INBS' system since 2021, with Diane Elgar, Head of Human Resources and Training at VANTEC Europe Limited, previously ...

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that its management team will participate in the Sidoti Small-Cap Conference being held virtually June 12-13, 2024. Presentation Details Date: Wednesday, June 12, 2024 Time: 4:00 p.m. Eastern Time Registration/Webcast Link: https://sidoti.zoom.us/webinar/register/WN_BB5QumW3TK2N56X7MOPj ...

Intelligent Bio Solutions Inc. (NASDAQ: INBS) is a medical technology company delivering innovative, rapid, non-invasive testing solutions. The Company believes that its Intelligent Fingerprinting Drug Screening System will revolutionize portable testing through fingerprint sweat analysis, which has the potential for broader applications in additional fields. Designed as a hygienic and cost-effective system, the test screens for recent use of drugs commonly found in the workplace, including opiates, cocaine ...

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful recruitment and commencement of screening for subjects in its pharmacokinetic (PK) study, a critical component of the Company's FDA 510(k) regulatory pathway for clearance. Harry Simeonidis, President and CEO at INBS, commented, "As we navigate the FDA 510(k) regulatory pa ...

NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today unveiled key performance indicators from its United Kingdom operations. These indicators have contributed to the Company's growth as the drug screening industry continues to combat drug test cheating and searches for simpler, faster, non-invasive, and more cost-effective solutions. For the nine mo ...

NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today unveiled key performance indicators from its United Kingdom operations. These indicators have contributed to the Company's growth as the drug screening industry continues to combat drug test cheating and searches for simpler, faster, non-invasive, and more cost-effective solutions. For the nine mo ...

Core Insights - Intelligent Bio Solutions Inc. successfully showcased its Intelligent Fingerprinting Drug Screening Solution at The Health & Safety Event 2024, which is the largest annual technology showcase in the UK focused on workplace safety [1][2] - The event attracted over 250 exhibitors and more than 11,500 attendees, with a significant percentage of attendees being key decision-makers [2] Company Developments - Company representatives conducted live demonstrations of the drug screening technology, engaging with notable clients to address the issue of drug driving in the logistics sector [3] - Discussions were held with a South American distributor regarding a pilot program to integrate the technology into hospitals and emergency services in Chile, indicating potential global expansion [4] Market Position and Technology - The Intelligent Fingerprinting Drug Screening System is the first to utilize fingerprint sweat for rapid drug detection, providing results in under ten minutes for substances like cannabis, cocaine, opiates, and methamphetamine [5][6] - The technology is designed to be hygienic and cost-effective, making it suitable for safety-critical industries such as construction, manufacturing, and logistics [6] Leadership Commentary - The Vice President of Global Sales highlighted the event as the most successful yet for the company, emphasizing the growing commitment to workplace safety solutions [5] - The President & CEO reaffirmed the technology's suitability for evolving safety needs across industries, noting the enthusiastic feedback received during the event [5]

Year-over-year revenue increased 80% for the fiscal third quarter and 193% for the nine months ended March 31, 2024 Cash and cash equivalents as of March 31, 2024, was $9.40 million Commenced FDA 510(k) clinical studies plan with Cliantha Research and remains on track for planned submission by the end of 2024 and planned entry into the US in 2025 Secured 26 new customer accounts throughout the quarter, representing a combined headcount of approximately 16,779 employees NEW YORK, May 8, 2024 —Intelligent Bio ...