Welcome to our dedicated page for Quanterix Corporation news (Ticker: QTRX), a resource for investors and traders seeking the latest updates and insights on Quanterix Corporation stock.
Quanterix Corporation (NASDAQ: QTRX) is a pioneering life sciences company renowned for its groundbreaking ultra-sensitive diagnostic platform. This innovative technology measures individual proteins at concentrations that are up to 1000 times lower than the best immunoassays available today.
At the core of Quanterix's offerings is the Single Molecule Array (Simoa™) technology, which enables the detection and quantification of biomarkers that were previously difficult or impossible to measure. This advancement opens up new applications in various fields, including life sciences research, in-vitro diagnostics, companion diagnostics, and blood screening.
Founded by the esteemed scientist Dr. David Walt, who also co-founded Illumina, Quanterix benefits from a robust intellectual property portfolio initially developed at Tufts University. The company is venture capital-backed and has exclusive licensing rights to this broad IP portfolio.
Quanterix's product lineup is diverse and includes:
- Simoa platform
- Assay Kits
- LDTs & Assay Services
- Simoa p-Tau 217
- Simoa NfL LDT
- Simoa p-Tau 181 LDT
- HD-X Automated Immunoassay Analyzer
- SR-X Biomarker Detection System
- SP-X Imaging and Analysis System
- Simoa Accelerator Laboratory
- Homebrew - Custom Assay Development
- Uman NF-Light
The Simoa bead-based and planar array platforms are designed to detect protein biomarkers in low concentrations in blood, serum, and other fluids, which are undetectable using conventional analog immunoassay technologies.
Quanterix continues to push the boundaries of precision health for life sciences research and diagnostics, tackling significant unmet needs and contributing meaningfully to the scientific community.
The FDA's recent approval of tofersen for treating SOD1-ALS marks a significant milestone, supported by compelling blood-based neurofilament light chain (NfL) measurements. This is the first instance of a blood biomarker being utilized as a surrogate endpoint for accelerated drug approval in neurology. Tofersen, which reduces the overproduction of SOD1 protein, demonstrated trends toward clinical benefit despite not significantly slowing disease progression in Phase III trials. The approach of using NfL measurements opens new avenues for neurodegenerative disease research and treatment, potentially impacting various conditions like Alzheimer's and multiple sclerosis. Quanterix Corporation, the developer of the Simoa NfL assay, plays a crucial role in this breakthrough, advancing biomarker use in clinical management.
Quanterix Corporation (NASDAQ: QTRX), a leader in biomarker detection, has announced that CEO Masoud Toloue will present at the Barclays Global Healthcare Conference on March 15, 2023, at 4:35 p.m. EDT. The company will also conduct one-on-one meetings with institutional investors on the same day. Investors can register for a virtual presentation via the provided link. Following the conference, the presentation and webcast will be accessible on Quanterix’s website. Quanterix is recognized for its Simoa® technology, which revolutionizes biomarker detection and supports significant research across various diseases.
Quanterix Corporation (NASDAQ: QTRX) announced its financial results for Q4 and the full year ended December 31, 2022. The company reported a Q4 GAAP revenue of $25.8 million, a 14.7% decline from the previous year, while full-year revenue was $105.5 million, down from $110.6 million in 2021. The gross margin for Q4 was 48.8%, improved from 41.1% in Q3 2022. The company reported an operating loss of $22.3 million, influenced by $10 million in restructuring costs. Despite the setbacks, the CEO noted progress in their strategic business realignment and promising advancements in Alzheimer's diagnostics.
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