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
23 Jun 2014 10:10

UK WINNERS & LOSERS: Mining Companies Cheered By China PMI Data

Read more
23 Jun 2014 09:58

Omega Diagnostic Profit Up, Optimistic As It Ramps Up Visitect CD4 Commercialisation

Read more
23 Jun 2014 07:37

Omega Diagnostics' full-year results meet targets

- Adjusted pre-tax profit surges 41% - Strong performance from food intolerance division - Positive about future prospects Medical diagnostics company Omega reported a surge in full-year adjusted pre-tax profit after a robust performance from its food intolerance division and said it remains positi

Read more
14 Apr 2014 07:23

Omega Diagnostics Set To Meet Full Year Expectations

LONDON (Alliance News) - Omega Diagnostics Group PLC Monday said it had met market expectations for its last financial year, with revenues and adjusted pretax profit ahead of the previous year. The medical diagnostics company expects to post revenues of GBP11.6 million in the year to end-Ma

Read more
14 Apr 2014 07:15

UK MORNING BRIEFING: Glencore Sells Interest In Peru Copper Project

LONDON (Alliance News) - Glencore Xstrata said Monday it has agreed to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG, Guoxin International Investment Corp and CITIC Metal Co for USD5.85 billion in cash. The deal is part of an agreement to w

Read more
24 Mar 2014 16:40

DIRECTOR DEALINGS: Omega Diagnostics Finance Director Buys Shares

LONDON (Alliance News) - Omega Diagnostics Group PLC said Monday that Finance Director Kieron Harbinson had bought 40,000 shares at 28.5 pence each. Following this transaction Harbinson's total share in the medical diagnostics products company is 0.33%. Shares in Omega closed down 0.9

Read more
5 Mar 2014 14:49

DIRECTOR DEALINGS: Omega Diagnostics Executives Buy Shares

LONDON (Alliance News) - Omega Diagnostics Group PLC Wednesday said Chief Executive Andrew Shepherd bought 18,000 shares at a price of 29.935 pence per share. Following this transaction, Shepperd holds 2.7 million shares, which represents a 2.46% stake in the firm. The company also sa

Read more
25 Feb 2014 11:11

Omega Diagnostics Gets Backdated Patent For CD4 Tests In 15 African States

LONDON (Alliance News) - Omega Diagnostics Group PLC said Tuesday that it had received a backdated patent for its CD4 test in 15 of the African Regional International Property Organisation States. The patent is valid from July 24, 2013. Omega produces Visitect CD4, a disposable, semi-

Read more
24 Feb 2014 13:50

UK MIDDAY BRIEFING: RSA Insurance, HSBC Lead FTSE 100 Lower

LONDON (Alliance News) - RSA Insurance is leading the FTSE 100 lower Monday after the struggling insurer confirmed it is considering a number of measures to bolster its balance sheet, while HSBC Holdings is also down after its results missed market forecasts.<

Read more
24 Feb 2014 11:42

UK WINNERS & LOSERS: Dixons, Carphone Warehouse Rise On Merger Talks

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

-------

FTSE 100 - WINNERS

Vodafone Group, up 6%. Vodafone's shares have jumped after the 6-for-11 consolidation of i

Read more
24 Feb 2014 09:57

Omega Diagnostics Shares Up On Grant, IDs-iSYS Project Progress

LONDON (Alliance News) - Shares in Omega Diagnostics Group PLC rose Monday after it announced that it had been granted a USD600,000 grant from Burnet Institute Melbourne and global health initiative UNITAID to build an assembly facility in India for its Visitect CD4 test. Shares in Omega we

Read more
24 Feb 2014 08:30

UK MORNING BRIEFING: HSBC Shares Fall On Lower-Than-Expected Profit

LONDON (Alliance News) - Shares have opened lower Monday amid a raft of UK corporate announcements. HSBC Holdings is the biggest faller in the FTSE 100, down 4.0%, as it reported just after the open lower-than-expected pretax profit in its recent full year.

Here is

Read more
13 Feb 2014 14:11

UK MIDDAY BRIEFING: Rolls-Royce, Tate & Lyle Weigh On FTSE 100

LONDON (Alliance News) - London's equity markets have focused on individual stocks Thursday after a plethora of earnings reports and trading updates, with Rolls-Royce Holdings and Tate & Lyle among the biggest losers after they cut guidance, and Im

Read more
13 Feb 2014 11:54

UK WINNERS & LOSERS: Tate & Lyle And Rolls Royce Guidance Disappoints

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

-------

FTSE 100 - WINNERS

Imperial Tobacco Group, up 3.4%. The company has maintained its expecta

Read more
13 Feb 2014 11:20

Omega Diagnostics makes progress with HIV blood test

Shares in Omega Diagnostics rose after the medical group said it had passed a major milestone in developing its Visitect CD4 HIV blood test. The stock lifted 2.75p, or more than 16%, to 19.5p by 11:44 in London as Omega said it had completed the technology transfer phase for Visitect CD4, which ens

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