August 12, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — CardioGenics Holdings Inc. (OTCBB: CGNH), a Canadian medical device maker, said it has entered into an agreement with Burrill LLC, the life sciences merchant banking arm of Burrill & Co., under which Burrill will assist the company in developing strategic partnerships.

Potential partnerships will include ones related to CardioGenics’ QL Care Analyzer and its core proprietary microsphere technologies.

California-based Burrill’s venture capital funds post more than $950 million under management and its merchant banking business is focused on life sciences transactions.

Canada-based CardioGenics Holdings develops analyzers and other products targeting the immunoassay segment of the point-of-care IVD testing market.

The firm’s QL Care Analyzer, a proprietary and immuno-analyzer, will run a number of diagnostic tests under development, the first of which will be a series of cardiovascular diagnostic tests.

As part of its core proprietary technology, the company has also developed a method for silver coating paramagnetic microspheres (a platform component of immunoassay equipment), in an effort to improve instrument sensitivity to light.

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