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September 10, 2007

VeriChip Corporation Scheduled to be Featured in Exclusive Interview on ABC’s Good Morning America Monday, September 10

Rfid_2 VeriChip Corporation Scheduled to be Featured in Exclusive Interview on ABC’s Good Morning America Monday, September 10

DELRAY BEACH, FL – September 9, 2007 – VeriChip Corporation (NASDAQ: CHIP), a provider of RFID systems for healthcare and patient-related needs, announced today that it is scheduled to appear in an exclusive recorded interview on ABC's Good Morning America tomorrow, September 10th, between 7 a.m. and 8 a.m. eastern time. The show airs on the ABC Network from 7 a.m. to 9 a.m. eastern time.

I don't know what they could say that they haven't said already, but since even the WSJ hasn't picked up this story yet, it could be a way of making their case before the general public hears about the AP story.

UPDATE: I see they have a press release addressing the concerns mentioned in the AP story.

It points to two studies the don't show evidence of tumorigenesis associated with RFID implants. There's one I've already listed in a previous post by Rao et al, which didn't find evidence of neoplastic tissue in over two-years time, and anther study, by Ball, et al: Lab Anim Sci. 1991 Apr;41(2):185-6. Evaluation of a microchip implant system used for animal identification in rats. Ball DJ, Argentieri G, Krause R, Lipinski M, Robison RL, Stoll RE, Visscher GE. Sandoz Research Institute, East Hanover, NJ 07936. The abstract is not provided so I'll have to take their word that the results were negative for tumor formation.

They mention the single case report of the dog with the tumor at the implant site which they say is unsubstantiated. Again, this is cited in my previous post.

It asserts that lab mice and rats are susceptible to tumors at injection sites, no matter what the material injected. VeriChip asked a 30-year veterinary expert, Dr. Lawrence McGill, to submit to an interview by the AP reporter, who they claim didn't include statements by the expert in this story. "The Company now intends to retain Dr. McGill as an expert to assist in the review process of this article and the studies referenced therein."

They end by saying, "We will retain independent scientists and researchers to review the content, veracity and credibility of the studies alluded to in the article."

The press release follows:

VeriChip Corporation Comments on Associated Press Article              

September 9 2007

VeriChip Corporation and the manufacturer of its implantable microchip have reviewed the Associated Press article and issued the following comment:

1. VeriChip is safe and has been cleared by the FDA as a Class II Medical Device.

The VeriMed Patient Identification System has been cleared by the FDA and, as stated in the Associated Press article, the FDA stands by its approval. The article and the alleged research cited make no link whatsoever to malignant tumor formation from microchips in humans. As the article states, research protocol guidelines clearly indicate that making such a link from mice to humans is a very big leap.

Since learning of the article, we have discovered two studies from our manufacturer – Chronic Evaluation in Rodents to a Microchip Implant Used for Animal Identification [D.J. Ball, R.L. Robinson, R.E. Stoll and G.E. Visscher, Sandoz Research Institute, East Hanover, NJ] and Tissue Reaction to an Implantable Identification Device in Mice [Ghanta N. Rao and Jennifer Edmondson] – that examine microchip implants in laboratory mice and rats and conclude that microchip implants DO NOT cause malignant tumors.

2. Millions of dogs and cats have safely received a similar microchip over the past 15 years.

The article and the alleged research cited make no link whatsoever to malignant tumor formation in dogs and cats but for one unsubstantiated report. It is important to note this report was not a controlled, scientific study, rather it was a report of a single dog that presented with a tumor, and therefore it should not be inferred that the microchip caused the tumor without further study.

Over the last 15 years, millions of dogs and cats have safely received an implantable microchip with limited or no reports of adverse health reactions from this life-saving product, which was recently endorsed by the USDA. These chips are a well-accepted and well-respected means of global identification for pets in the veterinary community. Veterinarians would not continue to prescribe pet microchips if they believed they presented significant risk of malignant tumors in dogs and cats.

3. Laboratory mice and rats have a high probability of tumors at any injection site, regardless of the type of injection.

The article and the alleged research cited appear to be completely focused on laboratory mice/rats. It is important to note that the incidence of tumor formation in mice/rats from simple injections of any type (including vaccinations) is much higher than in any other type of laboratory animals.

Upon learning some of these lab mice/rat characteristics, the Company asked a prominent veterinary pathologist researcher, Dr. Lawrence McGill—a 30-year industry veteran, former Chair of the Council of Communications of the American Veterinary Medical Association, and former president of the Utah Veterinary Medical Association, to discuss these characteristics (and more) on an independent basis with the reporter. It is our understanding that the reporter interviewed Dr. McGill but failed to include his review or comments in the article. The Company now intends to retain Dr. McGill as an expert to assist in the review process of this article and the studies referenced therein.

4. The companies take this information seriously and will thoroughly review the reports referenced in the article.

We will retain independent scientists and researchers to review the content, veracity and credibility of the studies alluded to in the article. In the event that this review dictates any changes to our current products, offerings, labeling, etc., or further studies or reviews, the companies will take the necessary steps to ensure that our products remain safe to the end user. We are in the business of protecting people and pets and we will continue to use our fullest efforts, in all regards, towards that end.

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