Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCPT.L Regulatory News (CPT)

  • There is currently no data for CPT

New Laboratory Opening

21 Sep 2016 07:00

RNS Number : 3788K
Concepta PLC
21 September 2016
Ā 

21 September 2016

Concepta plc ("Concepta" or the "Company")

New laboratory opening

Ā 

Concepta plc (AIM:CPT), the UK healthcare company targeting the personalised mobile health market with a primary focus on women's fertility, announces that it has moved its UK laboratory operations to a new site, at Colworth Park in Bedfordshire, doubling the size of its operational headquarters. This new laboratory opening is in line with the Company's strategy of increasing its operational capacity and economies of scale as it moves towards launching its My Lotus product for unexplained infertility* into China in H2 2016 and, following CE marking, into the UK and Europe in 2017.

Ā 

The state of the art laboratory will house four employees in R&D and another two employees in Quality Assurance. In addition, a separate area for assembly can accommodate a further ten people producing testing strips for Concepta's 'MyLotus' meter. Aside from manufacture, assembly and testing, the lab will primarily be used as a research and development hub for My Lotus product enhancements and new product development.

Ā 

Commenting on the opening of the new facility, Erik Henau, Concepta CEO said: "Following our highly successful AIM listing in July 2016, this new laboratory is a key part of the Company's growth strategy and extends both its capacity and capabilities as we begin the process of launching our proprietary product into China prior to a European launch in 2017. Concepta's research team will be working in the new lab effective immediately to accelerate new product development, both within our core business area of fertility as well as other areas in the wider mobile health space. We look forward to updating the market on these exciting developments in due course."

Ā 

ENDS

Ā 

Enquiries:

The Company

Adam Reynolds, Chairman

Tel: +44 (0) 7785 908158

Ā 

SPARK Advisory Partners Limited (Nomad)

Neil Baldwin/Mark Brady

Tel: +44 (0)20 368 3550

Ā 

Beaufort Securities Limited (Broker)

Jon Belliss

Tel: +44 (0)20 7382 8300

Ā 

Yellow Jersey PR Limited (Financial PR)

Felicity Winkles/ Joe Burgess/ Josh Cole

Tel: +44 (0) 7748 843 871

Ā 

About Concepta Plc:

Concepta plc is a pioneering UK healthcare company that has developed a proprietary platform and products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility*.

Ā 

Founded in 2013, Concepta has developed a revolutionary flagship product 'MyLotus' for home self-testing that helps women with unexplained infertility to conceive.

Ā 

MyLotus is the only consumer product which allows both quantitative and qualitative measurements of measurement of a woman's personal hCG and LH hormone levelsĀ in an easy to use home testĀ to facilitate higher conception rates and early diagnosis of any fertility problems. Competitor products currently only allow qualitative measurement and are based on the 'average woman'.

Ā 

Concepta has a defined route to market for its new 'My Lotus' product with Regulatory approvals for launch in China in place for 2016 andĀ CE-Marking for UK and Europe to follow in 2017Ā where the revenue potential of the Chinese and EU infertility market is worth c.Ā£600m per annum for the company.

Ā 

*Unexplained infertility refers to women that have been unable to conceive after 6 months of trying. This highly motivated target group of consumers won't typically be offered medical intervention until 12 months of unsuccessfully trying, with IVF not offered until two years. Research indicates couples start to take positive action ahead of this time and there is little medical support to help them do so.

Ā 

Ā 

Ā 

This information is provided by RNS
The company news service from the London Stock Exchange
Ā 
END
Ā 
Ā 
NRALLFVDATIIFIR
Date   Source Headline
3rd Jul 20159:29 amRNSHolding(s) in Company
30th Jun 201511:21 amRNSProposed Settlement of Director Debt
30th Jun 201510:49 amRNSResult of AGM and Capital Reorganisation
9th Jun 20151:09 pmRNSOperational Update: Namibia
4th Jun 20151:26 pmRNSNotice of AGM and Proposed Capital Reorganisation
2nd Jun 20157:00 amRNSOperational update Oman
1st Jun 20157:00 amRNSConditional Subscription Update
22nd May 20154:29 pmRNSConditional Subscription
18th May 201512:00 pmRNSResult of General Meeting
28th Apr 201511:10 amRNSConditional Subscription - Posting of Circular
7th Apr 20157:00 amRNSFinal results year ended 31 December 2014
2nd Apr 20157:00 amRNSOperational Update: Sultanate of Oman
17th Mar 20155:36 pmRNSConditional Share Subscription
8th Jan 20157:00 amRNSOperational Update
31st Dec 201410:49 amRNSTotal Voting Rights
13th Nov 20147:00 amRNSBoard Changes, Subscription and Issue of Equity
28th Oct 20147:00 amRNSOperational Update
28th Oct 20147:00 amRNSAppointment of Geological Advisor
27th Oct 20141:18 pmRNSHolding(s) in Company
17th Sep 20145:28 pmRNSAppointment of Joint Broker
10th Sep 20147:00 amRNSInterim Results
31st Jul 20144:45 pmRNSTotal Voting Rights
22nd Jul 201410:48 amRNSOperational Update: Namibia
4th Jul 20146:08 pmRNSHolding(s) in Company
4th Jul 201412:54 pmRNSHolding(s) in Company
27th Jun 20143:17 pmRNSResult of AGM
27th Jun 20147:00 amRNSPlacing
26th Jun 20142:00 pmRNSPreliminary unaudited results
24th Jun 201411:08 amRNSAGM
16th May 20147:00 amRNSOperational Update: Sultanate of Oman
24th Mar 20147:00 amRNSFarm-out Update: Namibia and Zambia
11th Mar 20145:34 pmRNSBoard Change
4th Feb 20147:00 amRNSOperational Update: Namibia
29th Jan 201411:49 amRNSHolding(s) in Company
29th Jan 20147:00 amRNSOperational Update: Namibia
27th Jan 20149:24 amRNSCompletion of Equity Swap and Payment Acceleration
19th Dec 20137:00 amRNSAppointment of Joint Broker
11th Nov 20137:00 amRNSCorporate Activities Update
22nd Oct 20133:29 pmRNSGrant of Options and Opening of London Office
25th Sep 20137:00 amRNSInterim Results for the six months to 30 June 2013
23rd Sep 20137:00 amRNSOperational Update: Zambia
16th Sep 20137:00 amRNSOperational Update: Sultanate of Oman
9th Sep 20137:00 amRNSOperational Update: Namibia
31st Jul 20137:00 amRNSOperational Update: Namibia
23rd Jul 20137:00 amRNSOperational Update: Zambia
16th Jul 20137:00 amRNSAppointment of Exploration Manager
5th Jul 20137:00 amRNSAdmission and First Day of Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.