Premaitha secures four further laboratories in Europe
Premaitha Health PLC (AIM: NIPT), a leading international molecular diagnostics group focused on non-invasive prenatal testing (NIPT), announces further expansion of its European customer base, with four new laboratories added.
The laboratories are situated across three EU countries. The Company’s European distributors secured three of the laboratories, with one laboratory having been contracted directly by Premaitha. The customers are all private reference laboratories seeking to offer the IONA® test in their respective regions.
The laboratories will be fully installed by early 2018 and the Company anticipates that these laboratories will perform an aggregate volume of over 9,000 NIPT tests per year once they are fully active, generating in excess of £1 million in annual revenues for Premaitha.
Premaitha's IONA® test estimates the risk of a fetus being affected with Down's syndrome or other genetic conditions. The test is performed on a maternal blood sample, containing traces of fetal DNA, which is then analysed using next generation DNA sequencing technology. The test is highly accurate and significantly reduces the number of women who are unnecessarily subjected to risky, invasive follow up procedures to diagnose Down's syndrome and other genetic conditions.
Dr Stephen Little, CEO of Premaitha, commented: “We are delighted to have secured four additional laboratories for the IONA® test, further evidencing the widespread uptake and adoption of NIPT. Making the IONA® test available to pregnant women across Europe through our partner distributors and laboratories is a significant motivator for us and for our distributors and we are pleased to be expanding the addressable market.”