GenePOC's multifactorial strategy, as it innovates toward global leadership, expands testing menus tailored to specific geographies
LONDON,Oct. 24, 2017 /PRNewswire/ -- Based on its recent analysis of the molecular diagnostics (MDx) market for infectious diseases, Frost & Sullivan recognises GenePOC™ with the 2017 European Frost & Sullivan Award for
Click here for the full multimedia experience of this release - http://bit.ly/2zwG5iq
GenePOC™'s disruptive, CE-marked and FDA cleared revogene™ instrument endows it with an early mover advantage in the in the MDx space. It is currently used to detect hospital-acquired infections (HAIs) and, critical infectious diseases, which require immediate diagnosis and prompt treatment.
"GenePOC™ employs cutting-edge micro technologies to provide a high-quality, user-friendly, and scalable POC MDx solution," said Frost & Sullivan Program Manager, Unmesh Lal. "It employs its fully-automated, portable standalone instrument, the revogene™, and single-use microfluidic cartridges, or PIEs, in its proprietary fluorescence-based quantitative polymerase chain reaction (qPCR) platform to deliver an accurate diagnosis."
The revogene™ is the size of a laptop and holds up to eight PIEs, allowing independent testing of multiple clinical samples and tests per run. Additionally, it utilises spinning disc technology, driving the liquid sample flow in the PIEs, eliminating the need for valves and multiple piston pumps that increase instrument and cartridge costs. The revogene™ system currently supports:
Meanwhile, the PIE is a single-use cartridge, comprising only three pieces of plastic, making it simpler and less expensive to manufacture than competing consumables, which require at least 23 pieces of plastic. Its cartridge size is much smaller than any other commercial product, resulting in lower handling cost and decreased wastage. The cartridge's unique design incorporates three reaction wells, each a self-contained DNA-based amplification assay that can detect up to four genetic targets. As such, each PIE can detect 12 targets per sample, allowing GenePOC™ to introduce the concept of mini-panels to POC infectious disease MDx.
"The company initiated commercial activities for the revogene™, and its two CE-marked in vitro diagnostics tests, in all Western European countries in early February 2017, and with the 1st FDA cleared test in May 2017, and aims to expand to Central and Eastern Europe," noted Lal. "GenePOC™ is considering partnerships in Canada, as it expects approval by Health Canada in the coming months. It is also alert to opportunities for distribution partnerships in emerging and developing economies, and tailoring testing according to each region's need."
Furthermore, GenePOC™ will apply for a Clinical Laboratory Improvement Amendments (CLIA) waiver from its third diagnostic assay and onwards. If approved, the test will represent a huge competitive advantage and shape the POC infectious disease MDx landscape.
Each year, Frost & Sullivan presents this award to the company that develops an innovative element in a product by leverage leading-edge technologies. The award recognises the value-added features/benefits of the product and the increased ROI it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
GenePOC is a company that specializes in the development of diagnostic devices which enable the prevention and detection of infectious diseases. The company aims to become the market leader in the rapid microbial testing at the point of care (POC). GenePOC is a member of the Debiopharm Group. GenePOC's revogene instrument is available in the US and EU markets with a rapidly expanding test menu.
Further information: www.genepoc-diagnostics.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.
Estefany ArizaP: 210.477.8469F: 210.348.1003E: Estefany.Ariza@frost.com
Subscribe to our Free Newsletters!
Drug hypersensitivity is an adverse reaction that occurs due to an interaction between a drug and ...
Stiff joints are a major problem for the elderly, as the joints tend to wear-and-tear with ...
Uterine/Endometrial cancer is the sixth most common cancer in women worldwide. Uterine cancer ...View All