|Stock Talk Stock tips, opinions and analysis|
| ||LinkBack||Thread Tools|
ADSX and DOC update
WASHINGTON, Oct 13 (Reuters) - A computer chip that is implanted under the skin won U.S. approval
on Wednesday for use in helping doctors quickly access a patient's medical history.
The VeriChip, sold by Applied Digital Solutions Inc. (ADSX,Trade), is placed in the upper arm in a
painless procedure that takes minutes, the company said. Shares of Applied Digital jumped 68
percent to $3.57 on the Nasdaq stock exchange.
About the size of a grain of rice, the chip contains an identification number that corresponds to
health information in a computer database.
A handheld scanner can retrieve the patient's number from the chip, which emits radio waves
Proponents hope doctors will use the technology to find vital information about patients who
are unconscious or having trouble communicating. The database could include details on
medication use, allergies and major health problems.
The chip implants have been used for years for various purposes such as identifying lost pets.
But Applied Digital was not allowed to market the chips for medical use in the United States
until the company received clearance from the Food and Drug Administration on Wednesday.