Moss, 27 October 2022
Gentian Diagnostics ASA, a fast-growing developer and manufacturer of innovative
diagnostic solutions for improved clinical decision making, has entered into a
global distribution agreement for its GCAL® Calprotectin Immunoassay with a
major diagnostic company.
"This is the second distribution agreement for GCAL® announced this year, which
confirms the products' value proposition and market potential. The agreement is
a result of our market development efforts, and the fact that we're gaining
commercial traction with several of the world's leading diagnostics companies
supports our long-term growth ambition," says Gentian Diagnostics CEO Hilja
Ibert.
The cooperation is positioned towards the market for detection and assessment of
inflammatory diseases and infections, with launch scheduled for the first half
of 2023, initially in Europe. Depending on regulatory clearance this product
will be available in additional countries and regions at a later stage.
Gentian's commercial strategy is to secure broad roll-out and acceptance of its
products, which requires distribution and awareness through leading global
diagnostics companies.
The Gentian GCAL® Calprotectin Immunoassay is available in the market for
quantitative measurements of calprotectin in plasma and serum samples and based
on published scientific findings it is expected to become a key clinical value
driver.
According to the stock exchange release dated 28 September 2022, Gentian
obtained the European In-Vitro Diagnostic Regulation (IVDR) certification for
its first products and the Gentian GCAL® Calprotectin Immunoassay is among these
certified products.
For further information, please contact:
Hilja Ibert, CEO
hilja.ibert@gentian.no
+47 919 05 242
Njaal Kind, CFO and COO
njaal.kind@gentian.no
+47 919 06 525
About Gentian Diagnostics
Gentian Diagnostics (OSE: GENT), founded in 2001, develops and manufactures
high-quality, in vitro diagnostic reagents. Gentian's expertise and focus lies
within immunochemistry, specifically infections, inflammations, kidney failures
and congestive heart failures. By converting existing and clinically relevant
biomarkers to the most efficient automated, high-throughput analysers, the
company contributes to saving costs and protect life. Gentian is based in Moss,
Norway, serving the global and veterinary diagnostics markets through sales and
representative offices in Sweden, USA and China. For more information, please
visit www.gentian.com.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 in the Norwegian Security Trading Act. This stock exchange
announcement was published by Njaal Kind, CFO & COO at Gentian Diagnostics ASA,
on 27 October 2022 at 09:20 CET.