Press release

DiaCarta Named to MedTech Outlook’s Top 10 In-Vitro Diagnostic Technology Solution Providers 2018

Jul 31, 2018 | Press Releases

DiaCarta has been recognized as one of the Top 10 In-Vitro Diagnostic Technology Solution Providers 2018 by Med Tech Outlook Magazine. The positioning is based on an evaluation of DiaCarta’s specialty in genomic testing for biomarkers, personalized diagnostics and clinical sample testing service provided in their CLIA-certified lab. The award list is selected by a panel of experts and members of MedTech Outlook’s editorial board to recognize and promote advanced in-vitro diagnostic technology that creates an immense impact in the U.S. market and dedicating its steadfastness to create a big difference in this continuously evolving arena.

“We take pride in honoring DiaCarta as one among the top 10 companies that are specialized in providing In-Vitro Diagnostic Solution. We value DiaCarta’s XNA technology which enables ultra-sensitive detection of actionable mutations using qPCR, next-generation sequencing (NGS) and other platforms for liquid biopsy, FFPE and other traditionally challenging specimens,” said Alex D’souza, Managing Editor of MedTech Outlook.

“We are honored to be selected by MedTech Outlook,” said Aiguo (Adam) Zhang, CEO and Founder of DiaCarta, “It helps further validate and reaffirm our strategic and technical goals to provide highly sensitive and advanced technologies to redefine the way molecular diagnostics and translational genomics impact health care treatment plans.”

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 that will improve the way molecular diagnostics and translational genomics impact healthcare treatment plans and the well-being of individuals around the world. 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 MEDTECH OUTLOOK

Published from Fremont, California, MedTech Outlook is a print magazine that covers most important and latest developments in the health care industry. Medical Tech Outlook magazine is a bright, interactive and powerful platform incubating the facts and insights from the medical device industry. All the latest updates, market insights and technological developments from the industry are presented to our elite and affluent group of readers to comprehend essential developments towards the use of wearable technology as it continues to carve out its space within mainstream healthcare.

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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