Quanterix Corporation develops and commercializes ultra-sensitive biomarker tools for life sciences research and clinical testing. Its business includes Simoa instruments, assay kits, consumables, spatial biology systems, contract research services, and clinical laboratory testing through its Accelerator Laboratory and Lucent Diagnostics brand.
QTRX news commonly covers biomarker testing for cognitive disease, including blood-based Alzheimer’s disease panels, collaborations that connect Lucent Diagnostics tests with clinical and community workflows, and updates tied to operating results. Company developments also include shareholder voting matters, governance changes, capital-structure disclosures, and clinical or regulatory topics related to its diagnostic and research offerings.
Quanterix Corporation (NASDAQ: QTRX) has appointed Shawn Stetson as interim CFO effective May 11, 2021, following Amol Chaubal's departure to Waters Corporation. The company is actively seeking a permanent successor. Kevin Hrusovsky, CEO, expressed confidence in Stetson's capabilities and acknowledged Chaubal's valuable contributions during his tenure. Quanterix focuses on digitizing biomarker analysis, offering innovative solutions aimed at enhancing healthcare delivery and disease detection, applicable in multiple therapeutic areas.
Quanterix Corporation (NASDAQ:QTRX) has reported successful utilization of its Simoa® technology for non-invasive detection of SARS-CoV-2 in various sample types. Published findings in Nature Communications suggest over 90% positive agreement and over 98% negative agreement with traditional PCR tests. The company emphasizes the importance of accurate, accessible testing amidst ongoing COVID-19 challenges. CEO Kevin Hrusovsky highlighted the potential for Simoa technology to enhance patient care and research, addressing issues like false negatives in current testing methods.
Quanterix Corporation (NASDAQ:QTRX) announced its ultra-sensitive Simoa technology was featured in 30 presentations at the AD/PD 2021 conference, showcasing its blood-based neurology biomarker assays. The findings emphasize the potential of these biomarkers, like phosphorylated tau and glial fibrillary acidic protein, as pre-screening tools for Alzheimer's and other neurodegenerative diseases, enabling earlier patient recruitment for clinical trials without costly procedures. CEO Kevin Hrusovsky highlighted the transformative capabilities of these tools, marking significant progress in precision health and potential opportunities for drug developers.
Quanterix Corporation (NASDAQ: QTRX) reported strong financial results for Q4 2020 and FY 2020, with total revenue of $26.1M for Q4, up from $15.9M in Q4 2019, and FY total revenue at $86.4M, compared to $56.7M in 2019. Key drivers include a NIH contract worth $18.2M to develop a SARS-CoV-2 test and FDA approvals for new COVID-related tests. The company’s product revenue also rose by 38% in Q4. Quanterix enhanced its biomarker analysis tools, notably for Alzheimer’s research, and raised approximately $385 million in funding, strengthening its financial position.
Quanterix Corporation (NASDAQ:QTRX) announced that its CEO, Kevin Hrusovsky, will present at the Cowen 41st Annual Health Care Conference on March 3 at 11:00 a.m. EST. A public webcast will be available at this link and will be accessible for 90 days post-event. Additionally, Hrusovsky will feature on the Health Care Rounds Podcast on February 26, discussing precision health. This episode airs at noon EST and will be available on major podcast platforms. Quanterix focuses on advancing precision health through digital biomarker analysis.
Quanterix Corporation (NASDAQ: QTRX) will announce its financial results for Q4 and full year 2020 after market close on March 2, 2021. Following the announcement, a conference call is scheduled for 4:30 p.m. ET, hosted by CEO Kevin Hrusovsky, to discuss the results and provide a business update. The call will be accessible via phone and a live webcast. Quanterix specializes in digitizing biomarker analysis aimed at advancing precision health.
Quanterix Corporation (NASDAQ: QTRX) will participate in the 10th Annual SVB Leerink Global Healthcare Conference, held virtually from February 22-26, 2021. CEO Kevin Hrusovsky's presentation is scheduled for February 26 at 9:20 a.m. EST. Interested parties can access the live webcast at this link or through the Investor section of Quanterix's website. The webcast will be available for replay for 90 days post-conference. Quanterix focuses on digitizing biomarker analysis to enhance precision health in various therapeutic areas.
Quanterix Corporation (NASDAQ: QTRX) announced a strategic partnership with WuXi AppTec to establish a joint Simoa laboratory in Shanghai, enhancing biomarker testing access across China and the APAC region. This collaboration aims to leverage Quanterix' Simoa HD-X Analyzers and expertise to bolster pre-clinical and clinical research. Starting in 2021, researchers will gain access to Quanterix’ high-definition biomarker technology, which has previously supported over 800 projects. This initiative underscores the importance of biomarkers in advancing disease research and drug development.
Quanterix Corporation (Nasdaq: QTRX) has successfully completed its public offering of 4,107,142 shares at $70.00 each, securing gross proceeds of approximately $287.5 million. This includes an additional 535,714 shares from the underwriters' full exercise of their option. The offering was conducted under a previously filed shelf registration statement with the SEC. Goldman Sachs & Co. LLC, SVB Leerink LLC, and Cowen and Company, LLC were the joint managers, while Canaccord Genuity LLC served as lead manager.
Quanterix Corporation (Nasdaq: QTRX) has announced the pricing of its public offering of 3,571,428 shares of common stock at $70.00 per share, aiming for gross proceeds of approximately $250 million. The offering, which is expected to close on or about February 8, 2021, includes an option for underwriters to purchase an additional 535,714 shares. The offering is filed under a previously effective shelf registration statement. Goldman Sachs, SVB Leerink, and Cowen are the joint bookrunning managers for this offering.