Quotient Limited Announces Positive Serological Disease Screening Results and Provides MosaiQ™ Development Program Update

Quotient Limited

, a commercial-stage diagnostics company, will present the following update on the MosaiQ™ development program during its company presentation at the J.P. Morgan 2016 Healthcare Conference. MosaiQ™ is at an advanced stage of development and commercial scale-up and represents a truly novel testing platform for transfusion diagnostics. Current development efforts are focused on final assay optimization for the blood grouping and serological disease screening applications; commissioning the initial manufacturing system for MosaiQ™ consumables; and completing development of the MosaiQ™ instrument. "Considerable progress has been made on the development and commercial scale-up of MosaiQ™ over the past year," said Paul Cowan, Quotient's Chairman and Chief Executive Officer. "During 2015, we completed construction of our MosaiQ™ consumable manufacturing facility in Eysins, Switzerland; locked the design of the initial MosaiQ™ instrument; and selected the final probe set to be included on the MosaiQ™ blood grouping consumable. We also made substantial progress on expanding the panel of intended assays to be included on the MosaiQ™ serological disease screening consumable. Additionally, we announced today a planned major expansion for the intended use of MosaiQ™ to include nucleic acid testing for donor disease screening. This natural extension of the unique capabilities of MosaiQ™ increases our addressable global market opportunity within transfusion diagnostics to over $3.4 billion."