The National Institutes of Health today announced six new contracts worth $98.35 million for COVID-19 testing approaches to improve sample collection, processing and results. NIH awarded the contracts in collaboration with the Biomedical Advanced Research and Development Authority (BARDA) as part of the Rapid Acceleration of Diagnostics (RADx) initiative. They cover innovations including integration with […]
Quanterix announced (NSDQ:QTRX) announced that it entered into a licensing agreement with Abbott (NYSE:ABT). Billerica, Mass.-based Quanterix’s agreement with Abbott is a non-exclusive, royalty-bearing license agreement that grants Abbott access to Quanterix’s portfolio of bead-based technology patents for use with in vitro diagnostic applications, according to a news release. Under the terms of the agreement, Quanterix will […]
Quanterix announced (NSDQ:QTRX) announced that it priced its previously announced underwritten public offering of common stock at $32 per share. Billerica, Mass.-based Quanterix is selling 2,651,108 shares of its common stock and expects to collect gross proceeds of approximately $84.8 million. Quanterix also granted underwriters a 30-day option to purchase up to 397,666 additional shares […]
Quanterix today announced an initial public offering of nearly 2.4 million shares of common stock at $25.25 apiece for which it expects to gross $60 million. Billerica, Mass.-based Quanterix is developing a digital approach to immunoassays to allow single molecules to be counted. Its technology is used in the therapeutic areas of oncology, neurology, cardiology, […]
Intrinsic Therapeutics named Wright Medical (NSQD:WMGI) veteran Cary Hagan as its new President & CEO. Greg Lambrect, founder of Intrinsic will stay on as executive director.
"Cary’s proven success in bringing new technologies to the global market makes him an ideal choice to lead Intrinsic’s next stage of growth as we expand our international clinical and commercial activity," said Lambrecht in prepared remarks.
Former CEO of Millipore Brings Extensive Commercial Expertise to New Role
Tissue Genesis Inc. began clinical trials for a peripheral vascular disease (PVD) treatment composed of adipose-derived adult stem cell-coated vascular grafts. Adipose is more commonly know as fat, a tissue that the company believes has high-output regenerative medicine potential.
The Honolulu-based Tissue Genesis is the first to initiate an FDA-approved trial using the patient’s own fat-derived adult stem cells (ASCs) prepared at the point-of-care, according the company company.
Here’s a roundup of companies announcing new distribution deals.