Press release

CIO Bulletin Announces DiaCarta Inc. As One of the 30 Fastest Growing Companies of 2018

Jan 17, 2019 | Press Releases

RICHMOND, Calif.–(BUSINESS WIRE)–DiaCarta today announced that CIO Bulletin has named it among the 30 Fastest Growing Companies of 2018. The positioning is based on DiaCarta’s revenue growth, financial status, openness to innovation, global collaboration and partnership, flagship products launching, regulatory progress and ability to forecast future business and technology trends. Selecting by a panel of experts and members of CIO Bulletin’s editorial board, the CIO Bulletin 30 Fastest Growing Companies of 2018 is a premier recognition program which identifies companies that have the most innovative approach towards understanding the market trends and exceptional problem-solving techniques in the field of Business and Technology.

“We are glad to name DiaCarta as one of the 30 fastest growing companies of 2018. Realizing a total of $45.0 M USD through its Series B funding round, DiaCarta has made several milestones in the year of 2018 for its development and commercialization of the precision molecular diagnostics products (CE only), including liquid biopsy single gene mutation detection tests, colorectal cancer mutation detection blood test, blood-based radiation therapy toxicity monitoring test, HPV mRNA test, etc. and all the clinical developments,” said J. P. Pande, Editor-in-Chief of the CIO Bulletin Magazine.

“We are honored and thrilled to be recognized by CIO Bulletin as one of the 30 Fastest Growing Companies of 2018,” said Aiguo (Adam) Zhang, CEO and Founder of DiaCarta, “We are moving our business to the next level by putting our flagship products to clinical trials in the U.S., China, and Italy in 2019 and looking forward to serving cancer diagnostic and therapeutic community with our innovations that redefine precision molecular diagnostics.”

ABOUT DIACARTA

DiaCarta is a translational genomics and personalized diagnostics company based in Richmond, California with significant business operations in China. DiaCarta provides highly sensitive and advanced technologies in molecular diagnostics and clinical genomics. With over 20,000 square feet dedicated to a GMP-compliant lab space as well as CLIA and ISO 13485 certifications, DiaCarta is changing the landscape of molecular diagnostics.

ABOUT CIO BULLETIN

CIO Bulletin is an interactive, preeminent leadership platform serving as a central resource for information on Business & Information Technology (IT) leaders and their entrepreneurial ventures. From celebrating innovation to identifying best practices and providing a forum for today’s CIOs and other technology decision makers, CIO Bulletin aspires to keep its readers informed about how the techie giants, governments and consumers are unfurling organizational innovation in the Business & IT world.

Lead Source

DiaCarta Receives U.S. FDA Emergency Use Authorization for its Monkeypox Test Kit

DiaCarta, Ltd. (“DiaCarta”), a precision molecular diagnostics company, today announced that the U.S. Food and Drug Administration (FDA) granted Emergency Use Authorization (EUA) for its QuantiVirus™ MPXV test, which is a PCR test for the qualitative detection of DNA from monkeypox virus (MPXV) in lesion swabs collected from individuals suspected of monkeypox infection.

DiaCarta Announces Successful Completion of Oncuria® Validation Study with Nonagen Bioscience

DiaCarta, Ltd. (“DiaCarta”), a precision molecular diagnostics company, and Nonagen Bioscience Corporation (“Nonagen”), a cancer diagnostics company, today announced the successful completion of the validation study of Oncuria® multiplex bladder cancer immunoassay as a laboratory developed test (“LDT”). DiaCarta also announced that it has begun receiving patient urine samples for testing in its CLIA certified lab in Pleasanton, California.

DiaCarta to Become a Publicly Listed Company Through Merger with HH&L Acquisition Co.

DiaCarta, Ltd., a precision molecular diagnostics company and developer of novel oncology and infectious disease tests, and HH&L Acquisition Co. (NYSE: HHLA.U, HHLA, HHLA WS) (“HH&L”), a publicly traded special purpose acquisition company (“SPAC”), today announced that they entered into a definitive business combination agreement (the “Business Combination Agreement”) that is expected to result in DiaCarta becoming a publicly listed company (the “Transaction” or “Business Combination”). The Transaction is expected to provide DiaCarta with access to the approximately $414 million cash from HH&L’s IPO proceeds held in trust, assuming no redemptions by HH&L’s shareholders and prior to the payment of transaction expenses, and potential additional financing to catalyze DiaCarta’s growth. The Transaction implies a pre-money equity value of $460 million for DiaCarta on a fully diluted basis and is expected to close in the first quarter of 2023. The Transaction positions DiaCarta to capitalize on significant future growth within existing and new markets.

DiaCarta Expands Board Leadership with Industry Veteran

DiaCarta Inc., a precision molecular diagnostics company and leading developer of novel oncology tests using liquid biopsy, today announced the appointment of Jack Kaye, retired Partner with Deloitte LLP, as an independent board member who will serve as the Chairman of the Company’s Audit Committee.

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