Quotient Limited Provides Update on MosaiQ Expanded Immunohematology Microarray CE Marking Progress
Quotient Limited (NASDAQ: QTNT) announced that it has received constructive feedback from the European notified body on its Expanded Immunohematology (IH) submission. The company expressed satisfaction with this feedback and plans to respond to the inquiries in the coming weeks. Quotient continues to anticipate receiving regulatory approval in Q1 CY 2022, which is crucial for its commercialization strategy. The chief executive emphasized the team's progress and the potential impact of the MosaiQ technology on diagnostic practices.
- Received favorable feedback from the European notified body on Expanded IH submission.
- Expecting to respond to inquiries shortly, indicating proactive engagement.
- Anticipate regulatory approval in Q1 CY 2022, essential for commercialization.
- None.
- Received feedback from the European notified body after review of Expanded IH submission
- Pleased with feedback and expect to submit a response to the questions in the next couple of weeks
- Continue to expect approval in Q1 CY 2022
JERSEY, Channel Islands, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ: QTNT), a commercial-stage diagnostics company, today announced the company received feedback from the European notified body on the Expanded Immunohematology (IH) submission. The Company is pleased with the feedback and expects to submit a response to the questions in the next couple of weeks.
“I’m very pleased with the recent news and thankful for progress the team has made with this submission. I’m looking forward to executing on our commercialization in the first quarter of next year,” said Manuel O. Méndez, Chief Executive Officer of Quotient.
About Quotient Limited
Building on over 30 years of experience in transfusion diagnostics, Quotient is a commercial-stage diagnostics company committed to delivering solutions that reshape the way diagnostics is practiced. MosaiQ, Quotient’s proprietary multiplex microarray technology, offers the world’s first fully automated, consolidated testing platform, allowing for multiple tests across different modalities. MosaiQ is designed to be a game-changing solution, which Quotient believes will increase efficiencies, improve clinical practice, deliver significant workflow improvements, and create operational cost savings to laboratories around the world. Quotient's operations are based in Eysins, Switzerland, Edinburgh, Scotland and Newtown, Pennsylvania. The Quotient logo, Quotient MosaiQ and MosaiQ are registered trademarks or trademarks of Quotient Limited and its subsidiaries in various jurisdictions.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements regarding our expectations of continued growth, the development, regulatory approval, commercialization and impact of MosaiQ and other new products (including the potential for using the Company’s MosaiQ technology to infectious disease diagnostics), current estimates of third quarter and full year fiscal 2022 operating results and expectations regarding our future funding sources. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties, many of which are beyond our control, include delays or denials of regulatory approvals or clearances for products or applications; market acceptance of our products; the impact of competition; the impact of facility expansions and expanded product development, clinical, sales and marketing activities on operating expenses; delays or other unforeseen problems with respect to manufacturing, product development or field trial studies; adverse results in connection with any ongoing or future legal proceedings; continued or worsening adverse conditions in the general domestic and global economic markets, including as a result of the global COVID-19 pandemic; as well as the other risks set forth in the Company's filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Quotient disclaims any obligation to update these forward-looking statements.
CONTACT: Investor Relations, ir@quotientbd.com; +41 22 545 52 26
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