City of Boulder OKs MBio for rebates

BOULDER – MBio Diagnostics Inc. has been approved to receive up to $30,000 in rebates from the city of Boulder for sales and use taxes, and permit-related fees.

MBio Diagnostics is a medical-device company founded in 2009 by Christopher Myatt and Sarah Hatcher as a spinoff of Precision Photonics Corp., also in Boulder. MBio Diagnostics’ first product allows rapid diagnosis from a single drop of a patient’s blood, plasma or serum for low-cost testing for HIV and hepatitis.

MBio Diagnostics renovated a 17,000-square-foot building at 5603 Arapahoe Ave., Suite 1, to accommodate its 32 employees and planned growth.

The flexible rebate program is…