GenMark Diagnostics and Advanced Liquid Logic Finalize Technology and Collaboration Agreements to Develop an All-Digital Fully Integrated Diagnostic Platform
CARLSBAD, Calif.–GenMark Diagnostics, Inc., (NASDAQ: GNMK) and Advanced Liquid Logic, Inc. (ALL) announced today that they have executed definitive agreements pursuant to which GenMark and ALL will collaborate to develop an all-digital, fully integrated in-vitro diagnostic platform bringing together ALL’s proprietary electrowetting technology and GenMark’s proprietary electrochemical detection. The agreements follow from the Heads of Agreement entered into by GenMark and ALL on March 30, 2012.
About GenMark Diagnostics, Inc.
GenMark Diagnostics is a leading provider of automated, multiplex molecular diagnostic testing systems that detect and measure DNA and RNA targets to diagnose disease and optimize patient treatment. Utilizing GenMark’s proprietary eSensor® detection technology, GenMark’s eSensor® XT-8 system is designed to support a broad range of molecular diagnostic tests with a compact, easy-to-use workstation and self-contained, disposable test cartridges. GenMark currently markets three tests that are FDA cleared for IVD use: Cystic Fibrosis Genotyping Test, Warfarin Sensitivity Test, and Thrombophilia Risk Test. A Respiratory Viral Panel (RVP) has been submitted to the FDA for 510(k) clearance. A number of other tests, including HCV Genotyping and 2C19, versions of which are available for research use only, and KRAS, are in development for IVD use. For more information, visit www.genmarkdx.com.
About Advanced Liquid Logic, Inc.
Advanced Liquid Logic is pioneering the next generation of microfluidics – Digital Microfluidics – with easy-to-use, cost-effective products in newborn screening and genomics sample preparation. Advanced Liquid Logic, a rapidly growing and profitable, privately-held company, also has products in development addressing in-vitro diagnostics and other markets. The Company’s proprietary Digital Microfluidics enables precise and flexible manipulation of microdroplets using electrical fields. Advanced Liquid Logic is headquartered in Durham, NC with additional facilities in Grenoble, France. For more information please visit www.liquid-logic.com.
