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Intelligent Bio Solutions (NASDAQ: INBS) launches multi-site 510(k) codeine drug screening study

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Intelligent Bio Solutions Inc. is starting a multi-site Method Comparison Study to support an FDA 510(k) submission for U.S. clearance of its Intelligent Fingerprinting Drug Screening System for the opiate codeine. The company is working with CenExel Clinical Research to test the system’s accuracy when used by typical workplace screening staff.

The study will enroll 135 donor participants and use nine operator participants to mirror real-world employment and safety-sensitive settings. Key metrics such as sensitivity, specificity, and overall accuracy will be confirmed using LC-MS/MS, and enrollment and data collection are expected to finish by the end of July 2026, with results included in the company’s 510(k) package.

Positive

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Donor participants 135 participants Enrolled and randomized into dosing groups for Method Comparison Study
Operator participants 9 operators Typical workplace drug screening personnel using the system
Study completion target End of July 2026 Expected completion of enrollment and data collection
FDA 510(k) regulatory
"to support its FDA 510(k) submission for U.S. market clearance"
A FDA 510(k) is a premarket notification a medical device maker files to show a new device is similar enough to an already approved device that it can be marketed without a lengthy review. For investors it matters because a cleared 510(k) offers a faster, lower-cost path to sell a product and reduces regulatory uncertainty—think of it like proving you’re using an approved recipe rather than inventing a brand-new one.
Method Comparison Study technical
"announced the initiation of a multi-site Method Comparison Study"
sensitivity technical
"The study will assess key performance metrics, including the system’s sensitivity, specificity"
specificity technical
"key performance metrics, including the system’s sensitivity, specificity, and overall accuracy"
Specificity measures how well a diagnostic test or screening correctly identifies people who do not have a condition — the percentage of healthy cases the test labels as negative. Think of it as a smoke alarm that stays quiet when there’s no fire; high specificity means fewer false alarms. For investors, specificity affects regulatory approval, clinical adoption, follow-up costs, and the perceived reliability and market potential of medical products.
LC-MS/MS technical
"Results will be independently confirmed via liquid chromatography-tandem mass spectrometry (“LC-MS/MS”)"
LC‑MS/MS is a laboratory technique that first separates a mixture of chemicals in a liquid, then identifies and measures each component with very high sensitivity—think of sorting mixed mail and then scanning barcodes to know exactly what’s inside. It matters to investors because it produces precise, reliable data used in drug development, safety testing, diagnostics and product quality control, and those results influence regulatory approvals, market access and commercial claims that can affect a company’s value.
ICH GCP regulatory
"conducted across multiple sites in accordance with ICH GCP ... Guidelines"
An international set of standards that describes how clinical trials should be designed, conducted, recorded and reported to protect people taking part and to ensure the data are reliable. Think of it like a safety checklist and blueprint for medical studies: when companies follow it, regulators and investors can trust the results; when they don’t, trials can be delayed, rejected or lead to legal and financial risks that affect a company’s value.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): June 2, 2026

 

INTELLIGENT BIO SOLUTIONS INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-39825   82-1512711

(State of

Incorporation)

 

(Commission

File Number)

 

(IRS employer

identification no.)

 

135 West, 41st Street, 5th Floor

New York, NY 10036

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (646) 790-5756

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.01 par value   INBS   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 7.01 Regulation FD Disclosure.

 

On June 2, 2026, Intelligent Bio Solutions Inc. (the “Company”), issued a press release (the “Press Release”) announcing the initiation of a multi-site Method Comparison Study to support its FDA 510(k) submission for U.S. market clearance of its Intelligent Fingerprinting Drug Screening System for the opiate codeine. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The foregoing disclosure is qualified in its entirety by the full text of the Press Release.

 

The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purpose of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

No.   Description
99.1   Press release dated June 2, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 2, 2026    
  INTELLIGENT BIO SOLUTIONS INC.
     
  By: /s/ Spiro Sakiris
  Name: Spiro Sakiris
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

Intelligent Bio Solutions Commences Multi-Site Method Comparison Study for FDA 510(k) Submission

 

Study designed to validate accuracy and real-world workplace performance of the Intelligent Fingerprinting Drug Screening System

 

Company expects to complete enrollment and data collection by the end of July, 2026

 

NEW YORK, June 02, 2026 – Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the initiation of a multi-site Method Comparison Study to support its FDA 510(k) submission for U.S. market clearance of its Intelligent Fingerprinting Drug Screening System for the opiate codeine.

 

The Company has partnered with nationwide clinical research site network, CenExel Clinical Research, Inc., to perform the study, which will evaluate the accuracy of the Intelligent Fingerprinting Drug Screening System when operated by intended end-users across multiple clinical sites. A total of 135 donor participants will be enrolled and randomized into dosing groups, with demographics designed to reflect the diversity of the U.S. population. Fingerprint sweat specimens will be collected and analyzed by nine operator participants representing typical workplace drug screening personnel. The study is designed to demonstrate the system’s real-world performance when used by personnel who may not have specialized laboratory training.

 

User performance evaluation is a key part of the Company’s FDA 510(k) submission. It is designed to show that typical users in occupational health, HR, and workplace safety can operate the Intelligent Fingerprinting Drug Screening System accurately and effectively in real pre-employment and workplace screening environments.

 

The study will assess key performance metrics, including the system’s sensitivity, specificity, and overall accuracy. Results will be independently confirmed via liquid chromatography-tandem mass spectrometry (“LC-MS/MS”) analysis, the gold standard method for drug detection confirmation.

 

“Demonstrating that typical workplace personnel can operate our system accurately without specialized training will validate a core competitive advantage - ease of use. This will strengthen our position in the workplace drug screening segment, where simplicity and reliability are key selection criteria,” said Harry Simeonidis, President and CEO at Intelligent Bio Solutions. “While our technology is already sold and used in markets outside of the United States, part of our FDA submission involves conducting a formal study to generate the clinical evidence required to demonstrate its effectiveness within the U.S. regulatory framework.”

 

The study will be conducted across multiple sites in accordance with ICH GCP (International Council for Harmonisation Good Clinical Practice) Guidelines and national regulatory requirements, enhancing data robustness across diverse operating environments and user populations.

 

The Company expects to complete enrollment and data collection by the end of July 2026. Results will be included in its FDA 510(k) submission package. These results will appear alongside data from the previously announced clinical cut-off study which began in January 2026.

 

 

 

 

About Intelligent Bio Solutions Inc.

 

Intelligent Bio Solutions Inc. (NASDAQ: INBS) is a medical technology company delivering intelligent, rapid, non-invasive testing solutions. The Company believes that its Intelligent Fingerprinting Drug Screening System will revolutionize portable testing through fingerprint sweat analysis, which has the potential for broader applications in additional fields. Designed as a hygienic and cost-effective system, the test screens for the recent use of drugs commonly found in the workplace, including opiates, cocaine, methamphetamine, and cannabis. With sample collection in seconds and results in under ten minutes, this technology would be a valuable tool for employers in safety-critical industries. The Company’s current customer segments outside the U.S. include construction, manufacturing and engineering, transport and logistics firms, mining, drug treatment organizations, and coroners.

 

For more information, visit: https://ibs.inc/

 

Forward-Looking Statements

 

Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements regarding Intelligent Bio Solutions Inc.’s ability to successfully develop and commercialize its drug and diagnostic tests, realize commercial benefits from its partnerships and collaborations, secure regulatory clearance or approvals, and timelines to enter the U.S. market, among others. Although Intelligent Bio Solutions Inc. believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, actual results may differ materially from those expressed or implied by such statements. Intelligent Bio Solutions Inc. has attempted to identify forward-looking statements by terminology, including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “projects,” “intends,” “potential,” “may,” “could,” “might,” “will,” “should,” and “approximately,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those described in Intelligent Bio Solutions’ public filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this release speak only as of the date of this release. Intelligent Bio Solutions undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

 

Company Contact

 

Intelligent Bio Solutions Inc.

info@ibs.inc

 

Investor & Media Contact

 

Valter Pinto, Managing Director

KCSA Strategic Communications

PH: (212) 896-1254

INBS@kcsa.com

 

 

 

FAQ

What did Intelligent Bio Solutions (INBS) announce in this 8-K filing?

Intelligent Bio Solutions announced it has begun a multi-site Method Comparison Study to support an FDA 510(k) submission for U.S. clearance of its Intelligent Fingerprinting Drug Screening System for codeine, aiming to validate accuracy and workplace performance in real-world screening environments.

What is the purpose of INBS’s Method Comparison Study for the fingerprint drug test?

The study is designed to evaluate the Intelligent Fingerprinting Drug Screening System’s sensitivity, specificity, and overall accuracy when operated by typical workplace personnel, generating clinical evidence required for the FDA 510(k) submission and demonstrating effective use in real employment and safety-critical settings.

How is Intelligent Bio Solutions (INBS) structuring its new drug screening study?

The study plans to enroll 135 donor participants randomized into dosing groups with U.S.-representative demographics, and involve nine operator participants who mirror workplace drug screening staff, allowing performance evaluation across multiple clinical sites using fingerprint sweat specimens for codeine detection.

When does INBS expect to complete enrollment and data collection for the study?

The company expects to complete enrollment and data collection by the end of July 2026. Results from this Method Comparison Study will be incorporated into Intelligent Bio Solutions’ FDA 510(k) submission package alongside data from a previously announced clinical cut-off study started in January 2026.

How will INBS confirm the accuracy of its Intelligent Fingerprinting Drug Screening System?

Accuracy will be assessed using key metrics such as sensitivity, specificity, and overall accuracy, with results independently confirmed through liquid chromatography-tandem mass spectrometry (LC-MS/MS), which is described as the gold standard method for confirming drug detection in clinical and workplace testing contexts.

Why is user performance important in INBS’s FDA 510(k) submission?

User performance is a key component of the submission because the study aims to show that typical occupational health, HR, and workplace safety personnel can operate the system accurately without specialized laboratory training, supporting the company’s emphasis on ease of use in workplace drug screening markets.

Filing Exhibits & Attachments

4 documents