Skip to main content
Premium Trial:

Request an Annual Quote

QuantuMDx Raises $14M to Support Development of POC Genotyping Assay

NEW YORK – QuantuMDx said Monday that it has recently closed a $14 million financing round consisting of a mix of debt and ordinary equity.

The firm said it will use the funds, which were supported by existing shareholders, to support progress toward the commercial launch of its Q-POC high-risk HPV genotyping assay, planned for early 2021.

The Newcastle upon Tyne, UK-based company said that it has started the CE mark approval process of commissioned Q-POC devices and expects to certify them in the first half of this year.

"QuantuMDx’s Q-POC is the first true battery-operated, point-of-care molecular diagnostics device capable of performing both simple molecular tests and large syndromic and resistance mutation panels rapidly and at a price point appropriate for decentralized testing," Jonathan O’Halloran, cofounder and the new CEO of QuantuMDx, said in a statement.

The company is developing the device "to be robust for in-field testing and designed to manage dust, different ambient temperatures, humidity, and intermittent electricity," O'Halloran said.

In December, QuantuMDx and Santa Cruz, California-based Ontera announced that they are collaborating to develop technology for the detection of bloodstream infections and drug-resistance.

In November, QuantuMDx and SpeeDx announced a collaboration with the Foundation for Innovative New Diagnostics (FIND) to assess the feasibility of porting SpeeDx sexually transmitted infection tests to the QuantuMDx point-of-care testing device.

The Scan

Could Mix It Up

The US Food and Drug Administration is considering a plan that would allow for the mixing-and-matching of SARS-CoV-2 vaccines and boosters, the New York Times says.

Closest to the Dog

New Scientist reports that extinct Japanese wolf appears to be the closest known wild relative of dogs.

Offer to Come Back

The Knoxville News Sentinel reports that the University of Tennessee is offering Anming Hu, a professor who was acquitted of charges that he hid ties to China, his position back.

PNAS Papers on Myeloid Differentiation MicroRNAs, Urinary Exosomes, Maize Domestication

In PNAS this week: role of microRNAs in myeloid differentiation, exosomes in urine, and more.