The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksODX.L Share News (ODX)

  • There is currently no data for ODX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Omega Diagnostics gets first US order for 'FoodPrint' system

Fri, 06th Jan 2023 14:43

(Sharecast News) - Omega Diagnostics announced on Friday that it had received a maiden purchase order for its 'FoodPrint' system from a Clinical Laboratory Improvement Amendments (CLIA)-certified laboratory in the United States.

The AIM-traded firm also said it had appointed a new US importer for FoodPrint kits.

It said that, using a "small" finger prick of blood, the FoodPrint test could quickly identify an individual's unique food sensitivity reactions, allowing the patient to adjust and plan to a new diet and address IgG-mediated food sensitivities.

FoodPrint analyses up to 222 foods for IgG antibodies, with the company said it was trusted by more than 150 laboratories globally to help fast-track a guided elimination diet, allowing a "more focused and actionable result" for practitioners and their patients.

The board said it expected installation at the laboratory to start later in January, and after a period of validation and gaining necessary approvals, the processing of tests would begin later in the quarter.

As well as being CLIA-certified, the company said the laboratory receiving the system was also College of American Pathologists-accredited, and was specialised in providing functional tests for both consumers and healthcare practitioners.

Omega said it had also secured an importer for FoodPrint kits into the United States, which would import kits for the CLIA laboratory, as well as for Omega's own direct channels in future.

Although the value of the initial purchase order was around £50,000, the firm said the US market was a "key area of focus" for its growth strategy, with the installation set to be the first in the US market in more than seven years, representing the start of its planned expansion into the country.

"The US is the single largest market for food sensitivity testing globally, with an ever-increasing demand for personalised medicine, and is a focus area for our growth plans," said chief executive officer Jag Grewal.

"This installation reflects a key milestone in our expansion plans, the receiving laboratory is ideally placed to commercialise FoodPrint in the US market as they are already providing a range of other functional tests.

"The appointment of the US importer will act as a foundation for our expansion into the region."

At 1501 GMT, shares in Omega Diagnostics Group were down 0.65% at 3.83p.

Reporting by Josh White for Sharecast.com.

More News
16 Sep 2019 12:08

Omega Diagnostics Visitect CD4 Test Wins Global Fund List Inclusion

(Alliance News) - Omega Diagnostics Group PLC on Monday announced that its Visitect CD4 Advanced Disease test will be included in the Global Fund procurement list.Shares in Omega were up at

Read more
10 Sep 2019 13:06

Omega Diagnostics Receives GBP400,000 Order From Chinese Partner

(Alliance News) - Omega Diagnostics Group PLC said on Tuesday it has received a second purchase order from its new partner in China.The order is 28,000 units of its 46-panel Food Detective

Read more
20 Aug 2019 12:00

Omega Diagnostics Gets Visitect CD4 Advanced Disease Test Order

(Alliance News) - Omega Diagnostics Group PLC on Tuesday announced the first purchase order for its Visitect CD4 advanced disease test from its Zimbabwe partner.Shares in Omega were up 8.8%

Read more
20 Aug 2019 10:50

Omega Diagnostics wins first order for HIV test kits

(Sharecast News) - Omega Diagnostics on Tuesday received its first purchase order for 20,000 units of its Vitict CD4 Advanced Disease HIV test kit from its partner company in Zimbabwe, with the order valued at approximately £80,000.

Read more
16 Aug 2019 12:07

Omega Diagnostics Delays Full-Year Results, Expects Drop In Revenue

(Alliance News) - Omega Diagnostics Group PLC said Friday that it will delay the publishing of its annual results in order to gain clarity on commercial discussions, though it did reveal it for to

Read more
22 May 2019 14:45

Omega Diagnostics Raises GBP635,000 Via Share Subscription (ALLISS)

LONDON (Alliance News) - Medical diagnostics company Omega Diagnostics Group PLC said Wednesday that it has raised GBP634,795 in gross proceeds by way of a subscription for 6.3 million new shares

Read more
17 Apr 2019 12:49

Omega Diagnostics Expects Sharp Drop In Annual Revenue On Unit Sale

LONDON (Alliance News) - Omega Diagnostics Group PLC said Wednesday its results for the year ended March 31 will be in line with market expectations.The allergy and food intolerance firm to

Read more
17 Apr 2019 10:36

Omega Diagnostics revenues slip after disposals

(Sharecast News) - Omega Diagnostics on Wednesday reported that annual revenues dropped following the sale and closure of the company's Omega GmbH and its infectious disease business unit.

Read more
18 Mar 2019 16:01

Omega Diagnostics CE-marks 'VISITECT CD4' test for HIV patients

(Sharecast News) - Medical diagnostics company Omega Diagnostics announced on Monday that it has CE-marked its 'VISITECT CD4' advanced disease test for monitoring people living with HIV.

Read more
6 Mar 2019 15:21

Omega Diagnostics makes solid progress with 'VISITECT' products

(Sharecast News) - Omega Diagnostics has received its first purchase orders for its 'VISITECT CD4 350' cut-off test, it announced on Wednesday, adding that it was continuing to make progress with its 'VISITECT CD4 Advanced Disease' test.

Read more
6 Mar 2019 14:55

Omega Diagnostics Gets First Orders For Visitect CD4 HIV Test

LONDON (Alliance News) - Omega Diagnostics Group PLC said it has received the first purchase orders for its Visitect CD4 350 cut-off test for HIV.This form of HIV test determines whether a

Read more
1 Mar 2019 11:58

Omega Diagnostics Appoints Idox, Ilika Non-Executive Millard To Board

LONDON (Alliance News) - Omega Diagnostics Group PLC on Friday said it appointed Jeremy Millard as Non-Executive Director with immediate effect.The medical diagnostics company said Millard

Read more
29 Jan 2019 15:40

Omega Diagnostics Successfully Manufactures Three Disease Tests

LONDON (Alliance News) - Omega Diagnostics Group PLC said Tuesday it has successfully manufactured three validation batches of its Visitect CD4 Advanced Disease test.The finished devices in

Read more
29 Jan 2019 10:22

Omega Diagnostics makes good progress with 'VISITECT CD4' test

(Sharecast News) - Medical diagnostics company Omega Diagnostics has successfully manufactured three validation batches of its 'VISITECT CD4' advanced disease test, it announced on Tuesday.

Read more
10 Dec 2018 12:17

Omega Diagnostics Chairman David Evans Resigns, Bill Rhodes Replaces

LONDON (Alliance News) - Omega Diagnostics Group PLC on Monday said Chairman David Evans has stepped down with immediate effect.The medical diagnostics company said it appointed Bill Rhodes

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.