RE: $4.8m contracts30 Mar 2026 07:14
Abingdon Health plc
("Abingdon Health", the "Group" or the "Company")
£4.8m contracts awarded for development of multiplex lateral flow systems
York, U.K. 30 March 2026: Abingdon Health plc (AIM: ABDX), a leading international developer, manufacturer and regulatory services provider for rapid diagnostic tests and med-tech, announces that it has been awarded a series of significant contracts with a USA-based customer to develop, and scale up to manufacture several multiplex quantitative lateral flow assay systems measuring multiple biomarkers simultaneously in human samples. The contracts include full programme management, the management of regulatory processes, and analytical and clinical performance services.
The contracts have a total value of approximately £4.8 million based on the agreed scope of work and will be delivered over a circa 27-month period commencing immediately. These contracts will be executed via a series of work packages based on agreed milestones, with potential further scope beyond that period including appointment as legal manufacturer. The contracts represent an important validation of Abingdon Health's full programme management CDMO service which offers development from feasibility and initial regulatory pathway provision through to product manufacture and multi-territory regulatory approvals.
The programmes of work will leverage the Group's established and growing capabilities in lateral flow test development and manufacture in its York, UK and Madison, Wisconsin, USA facilities. In addition, the programmes will utilise its regulatory services companies, CS Lifesciences and IVDeology, as well as analytical and clinical performance evaluation services provided by Abingdon Analytical at its Doncaster, UK facilities. It underscores Abingdon Health's position as a leading provider of integrated CDMO/CRO services for rapid diagnostic tests and med-tech.
Dr Chris Hand, Executive Chairman, commented: "We are delighted to announce these significant contract awards. Our multi-disciplinary teams of highly skilled in-house experts in the fields of immunodiagnostics, lateral flow development and manufacture, regulatory approvals, performance evaluation, and programme management continue to resonate with our customers. These contract wins reinforce our position as the 'go-to' experts for the provision of end-to-end lateral flow test development and programme management: in this case for complex multiplex quantitative test devices."