Australian diagnostics firm Universal Biosensors said this week that it has non-exclusively licensed fellow Aussie firm SpeeDx's proprietary MNAzyme technology for use in molecular diagnostics applications.

The technology is a "sensitive and highly selective" method for detecting DNA and RNA and, when combined with UBI's diagnostic biosensor technology, will enable the development of a molecular diagnostic platform "that can deliver rapid, low-cost results at the point of care," UBI said.

Financial terms of the deal were not disclosed.

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