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.
Quanterix Corporation (NASDAQ: QTRX) announced advancements in Alzheimer's disease clinical trials utilizing its ultra-sensitive Simoa® technology. Findings presented at the CTAD conference from November 9-12, 2021, underscored the importance of plasma biomarkers like pTau-181 and pTau-217 in early-stage patient trials, enhancing enrollment efficiency. Biogen and Eli Lilly showcased significant correlations between plasma biomarker reductions and cognitive decline in their studies. Additionally, Simoa's pTau-181 assay received FDA Breakthrough Device Designation, marking a notable achievement for Quanterix.
Quanterix Corporation (NASDAQ: QTRX) will participate in a virtual fireside chat at the Canaccord Genuity Virtual MedTech, Diagnostics and Digital Health & Services Forum on Nov. 18 at 8:30 a.m. EST. Executives including CEO Kevin Hrusovsky and CFO Mike Doyle will discuss advancements in biomarker analysis for precision health. A live webcast will be available on their investor relations site, with replays for 90 days post-event. Quanterix's Simoa technology aims to enhance early disease detection and improve patient care across several therapeutic areas.
Quanterix Corporation (NASDAQ: QTRX) reported Q3 2021 total revenue of $27.7M, down 12% year-over-year, primarily due to a prior year one-time license revenue of $11.2M. Non-GAAP total revenue increased 46% to $26.7M. Product revenue surged 77% to $20.7M, driven by a 98% rise in consumables and 44% in instruments. The gross margin decreased to 55.1% from 67.2% due to rising costs. Key advancements included FDA Breakthrough Device designation for the pTau-181 blood test and expanded EUA for the SARS-CoV-2 test. The company aims to enhance precision health diagnostics.
Quanterix Corporation (NASDAQ: QTRX) announced it will release its third quarter 2021 financial results on November 4, 2021, after market close. A conference call hosted by CEO Kevin Hrusovsky will follow at 4:30 p.m. EDT to discuss the results and provide a business update. Interested parties can join the call via phone or livestream. Quanterix aims to digitize biomarker analysis to enhance precision health, focusing on earlier disease detection and improved treatment methods across various therapeutic areas.
Quanterix Corporation (NASDAQ: QTRX) announced that its Simoa® phospho-Tau 181 blood test has received Breakthrough Device designation from the FDA for aiding in the diagnostic evaluation of Alzheimer’s Disease. This designation supports faster development and review processes, aiming for earlier, non-invasive diagnosis of the disease. The test is intended for adult patients over 50 with cognitive impairment and is not a standalone diagnostic tool. The Breakthrough Device designation reflects Quanterix's commitment to advancing precision health through innovative diagnostics.
Quanterix Corporation (NASDAQ: QTRX) hosted a webinar on September 16, 2021, discussing ultra-sensitive COVID-19 detection for asymptomatic individuals. The event featured Kevin Hrusovsky and pathologist Dr. John Roback, highlighting Emory University’s effective SARS-CoV-2 screening program, which has tested over 120,000 samples. The webinar emphasized the importance of Simoa technology in advancing preventative medicine, particularly in infectious diseases and other health areas. The recording is available on Quanterix’s website.
Quanterix Corporation (NASDAQ: QTRX) announced the expansion of the Emergency Use Authorization (EUA) for its Simoa SARS-CoV-2 N Protein Antigen Test. This test is now authorized for use with nasal swab and saliva samples, making it the first antigen test approved for saliva. The test is validated against all CDC-designated Variants of Concern, including the Delta variant. This expansion aims to enhance less-invasive testing options and improve SARS-CoV-2 testing capacity across the U.S.
Quanterix Corporation (NASDAQ: QTRX) announced a webinar featuring CEO Kevin Hrusovsky and Dr. John Roback from Emory Medical Laboratories. The event, scheduled for September 16, 2021, will discuss the implementation of a SARS-CoV-2 screening program at Emory and showcase Simoa technology's ability to detect viral antigens in non-invasive samples. Hrusovsky will highlight how advancements in COVID and neurological biomarkers are pivotal for preventative medicine and precision health.
Quanterix Corporation (NASDAQ: QTRX) released a statement addressing media reports concerning its engagement with Cassava Sciences. The company clarified that it performed sample testing using blinded samples from Cassava but did not interpret the results or prepare the accompanying data presented at the Alzheimer’s Association International Conference (AAIC) in July 2021. Quanterix's Simoa technology is trusted by major pharmaceutical companies and is extensively used in research across various diseases, including Alzheimer’s. The company is committed to advancing precision health through innovative biomarker analysis.
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