RCS - Novacyt S.A. - Launch of first fully lyophilised PROmate® assays

Novacyt SAAnnouncement

04/08/2022 07:15

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RNS Number : 8579U  Novacyt S.A.  04 August 2022

 

Novacyt S.A.

 

("Novacyt", the "Company" or the "Group")

 

Launch of Novacyt's first fully lyophilised PROmate(®) assays

 

New freeze-dried, direct-to-PCR assays extend the global reach of Novacyt's
PCR portfolio with ability to be transported at ambient temperatures

 

Two PROmate(®) lyophilised assays initially launched for COVID-19, with a
broader portfolio of lyophilised direct-to-PCR assays in development

 

Paris, France and Camberley, UK - 4 August 2022 - Novacyt (EURONEXT GROWTH:
ALNOV; AIM: NCYT), an international specialist in clinical diagnostics,
announces the launch of the Company's first fully lyophilised (freeze-dried),
direct-to-PCR assays. This new class of PROmate(®) assay enables shipping and
transportation at ambient temperatures to remote regions or in areas without a
centralised cold storage supply chain, providing an extended global reach for
Novacyt's PCR portfolio.

 

The first two lyophilised, direct-to-PCR assays to be launched are PROmate®
COVID-19 (q32) 2G Dry and PROmate® COVID-19 (q16) 2G Lite Dry, further
expanding Novacyt's COVID-19 detection portfolio and meeting customer
distribution requirements for assays which can be deployed more easily in
remote or developing regions.

 

These new assays complement Novacyt's COVID-19 variant detection portfolio,
with a broader portfolio of lyophilised direct-to-PCR assays in development
for the detection of other infectious diseases.

 

Both PROmate® COVID-19 (q32) 2G Dry and PROmate® COVID-19 (q16) 2G Lite Dry
are based on the PROmate(®) COVID-19 direct-to-PCR chemistry, and target the
ORF1ab gene and the nsp16 gene, a non-structural protein of SARS-CoV-2. They
are designed to function as a total workflow solution PCR amplification and
analysis, with PROmate® COVID-19 (q32) 2G Dry configured for use on the
Company's q32 instrument, and PROmate® COVID-19 (q16) 2G Lite Dry configured
for use on the Company's q16 instrument.

 

David Allmond, Chief Executive Officer of Novacyt, commented:

"Developing these lyophilised, or freeze-dried, direct-to-PCR assays was
highlighted as a key target in the strategy set out at our full year results
and therefore are an indication of our continued delivery in this regard.
Through the development of our portfolio, and the delivery of this new assay
type, we are able to ensure that more of Novacyt's products are available
across an even broader geographic area, and that we remain at the forefront in
our ability to act as a global first responder. We continue to monitor
customer need and use our bioinformatics surveillance capabilities as we look
to add further lyophilised PROmate(®) assays to our portfolio."

 

- End -

 

For further information, please refer to www.novacyt.com
(http://www.novacyt.com/) or contact:

 

Contacts

Novacyt SA

David Allmond, Chief Executive Officer

James McCarthy, Chief Financial Officer

+44 (0)1276 600081

 

SP Angel Corporate Finance LLP (Nominated Adviser and Broker)

Matthew Johnson / Charlie Bouverat (Corporate Finance)

Vadim Alexandre / Rob Rees (Corporate Broking)

+44 (0)20 3470 0470

 

Numis Securities Limited (Joint Broker)

Freddie Barnfield / James Black

+44 (0)20 7260 1000

 

Allegra Finance (French Listing Sponsor)

Rémi Durgetto / Yannick Petit

+33 (1) 42 22 10 10

r.durgetto@allegrafinance.com (mailto:r.durgetto@allegrafinance.com) /
y.petit@allegrafinance.com (mailto:y.petit@allegrafinance.com)

 

FTI Consulting (International)

Victoria Foster Mitchell / Alex Shaw

+44 (0)20 3727 1000

victoria.fostermitchell@fticonsulting.com
(mailto:victoria.fostermitchell@fticonsulting.com) /
Alex.Shaw@fticonsulting.com (mailto:Alex.Shaw@fticonsulting.com) /
Novacyt.group@fticonsulting.com (mailto:Novacyt.group@fticonsulting.com)

 

FTI Consulting (France)

Arnaud de Cheffontaines

+33 (0)147 03 69 48

arnaud.decheffontaines@fticonsulting.com
(mailto:arnaud.decheffontaines@fticonsulting.com)

 

About Novacyt Group

The Novacyt Group is an international diagnostics business generating an
increasing portfolio of in vitro and molecular diagnostic tests. Its core
strengths lie in diagnostics product development, commercialisation, contract
design and manufacturing. The Company supplies an extensive range of
high-quality assays and reagents worldwide. The Group directly serves
microbiology, haematology and serology markets as do its global partners,
which include major corporates.

 

For more information, please refer to the website: www.novacyt.com
(http://www.novacyt.com)

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