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Originally published Monday, September 21, 2009 at 2:41 PM

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VeriChip gets patents license for detection tech

VeriChip Corp., which makes radio-frequency identification systems, said Monday it was granted an exclusive license to patents dealing with a triage detection system for swine flu.

The Associated Press

DELRAY BEACH, Fla. —

VeriChip Corp., which makes radio-frequency identification systems, said Monday it was granted an exclusive license to patents dealing with a triage detection system for swine flu.

The company did not disclose financial details. It is developing the system with partner Receptors LLC.

VeriChip said the patents can also be applied to detection systems for other viruses and biological threats. Last week, VeriChip announced plans to fund its existing partnership with Receptors to develop the virus triage detection system for the H1N1 virus, or swine flu.

Receptors is a private company based in Chaska, Minn.

Shares of VeriChip rose 6 cents, or 2.1 percent, to $2.86 in after-hours trading after surging $1.65, or more than 140 percent, to close at $2.80 during the regular trading session.

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