The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just 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
10 Dec 2018 09:33

Omega chairman David Evans steps down after 18 years

(Sharecast News) - Long-time Omega Diagnostics chairman David Evans has resigned from the board of the medical diagnostics company and stepped down with immediate effect.

Read more
3 Dec 2018 12:10

Omega Diagnostics dives as revenue slashed

(Sharecast News) - Omega Diagnostics slumped on Monday after the company swung to an adjusted interim loss as revenue took a hit following the disposal of two of its businesses.

Read more
3 Dec 2018 09:59

Omega Diagnostics First Half Revenue Down Following Reduced Operations

LONDON (Alliance News) - Omega Diagnostics Group said on Monday it saw a drop in revenue for the first half of its financial year, following the discontinuation of two of its businesses.For

Read more
10 Oct 2018 11:44

Omega Diagnostics Posts Interim Drop On Discontinuing Two Businesses

LONDON (Alliance News) - Omega Diagnostics Group PLC on Wednesday said a decision to discontinue two of its businesses during its most recent half year has resulted in a significant drop in the to

Read more
27 Sep 2018 14:21

Omega Diagnostics CE-Marks Further Five Allergens, Receives New Order

LONDON (Alliance News) - Omega Diagnostics Group PLC said on Thursday it has CE-marked another five allergens.Omega also confirmed that commercialisation activities with Immunodiagnostic to

Read more
7 Sep 2018 16:05

UK Shareholder Meetings Calendar - Next 7 Days

Monday 10 SeptemberVictoriaLive Company GroupTotallyTuesday 11 12 Direct Oil

Read more
6 Aug 2018 10:38

Omega Diagnostics Shares Drop 13% After It Swings To Annual Loss

LONDON (Alliance News) - Shares in Omega Diagnostics Group PLC dropped on Monday after the company reported swinging to an annual loss.Shares were trading down 13% at 13.42 pence each on of

Read more
6 Aug 2018 08:21

Omega suffers 'famine' as company swings to pre-tax loss

(Sharecast News) - Omega Diagnostics saw its share price plummet on Monday after saying it swung to a loss due to flagging sales in the year ended 31 March and placing its German allergies unit under administration.

Read more
24 Jul 2018 12:26

Hygea VCT Net Asset Value Shrinks In First Half On Portfolio Value

LONDON (Alliance News) - Hygea VCT PLC on Tuesday said net asset value decreased in the first half of its current financial year due to a fall in value of its AIM-listed portfolio in the venture a

Read more
21 May 2018 13:24

Omega Diagnostics Says Its HIV Test Product Shows "Acceptable" Results

LONDON (Alliance News) - Omega Diagnostics Group PLC on Monday confirmed that results from feasibility testing of its Visitect CD4 test for identifying advanced HIV disease showed performance said

Read more
8 May 2018 13:20

Omega Diagnostics Adds CE-Mark To Two Additional Allergens

LONDON (Alliance News) - Medical diagnostics company Omega Diagnostics Group PLC said on Tuesday it has CE-marked two additional allergens, bringing the amount of allergens that can be run on the

Read more
2 May 2018 13:31

Omega Diagnostics Closes German Subsidiary After No Buyer Found

LONDON (Alliance News) - Medical technology firm Omega Diagnostics Group PLC said Wednesday it had closed its German subsidiary after failing to find a buyer.Omega decided to close its GmbH

Read more
23 Apr 2018 18:29

DIRECTOR DEALINGS SUMMARY: Omega Diagnostics CEO Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.----------Omega Diagnostics Group, a medical diagnostics company focused on a

Read more
23 Apr 2018 18:28

DIRECTOR DEALINGS: Omega Diagnostics CEO Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.----------Omega Diagnostics Group, a medical diagnostics company focused on a

Read more
23 Apr 2018 18:17

DIRECTOR DEALINGS: Omega Diagnostics CEO Buys Shares

LONDON (Alliance News) - Omega Diagnostics Group PLC, a medical diagnostics company focused on allergy, food intolerance and infectious disease, said that Chief Executive Colin King purchased at

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.