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GenMark And Advanced Liquid Logic Enter Into Agreement To Develop An All-Electronic Fully Integrated Diagnostic Platform

Stocks in this article: GNMK

GenMark Diagnostics, Inc., (NASDAQ: GNMK) and Advanced Liquid Logic, Inc. (ALL) announced today that they have entered into a Heads of Agreement defining the key terms of a collaboration to develop an all-electronic, fully integrated in-vitro diagnostic platform bringing together ALL’s proprietary electrowetting technology and GenMark’s proprietary electrochemical detection.

“This partnership will allow us to leverage both companies’ unique technologies and know-how, to deliver a digital sample-to-answer in-vitro diagnostic platform,” said Hany Massarany, President and CEO of GenMark Diagnostic. “Our initial focus on multiplex molecular testing will be followed by efforts in other areas of diagnostics including protein detection and point-of-care testing, as we redefine industry standards for performance, reliability and ease of use with even the most complex of assays.”

“We are excited to be working with the GenMark team and technology,” said Richard West, President and CEO of Advanced Liquid Logic. “We bring a unique capability in comprehensive, electronically-driven sample preparation and we expect that it will integrate well with GenMark’s eSensor® detection technology. This further validates that the fluid-handling flexibility of our platform can be integrated with multiple types of detection for a wide range of applications.”

About GenMark Diagnostics, Inc.

GenMark Diagnostics is a leading provider of automated, multiplex molecular diagnostic testing systems that detect and measure DNA and RNA targets to diagnose disease and optimize patient treatment. Utilizing GenMark's proprietary eSensor® detection technology, GenMark's eSensor® XT-8 system is designed to support a broad range of molecular diagnostic tests with a compact, easy-to-use workstation and self-contained, disposable test cartridges. GenMark currently markets three tests that are FDA cleared for IVD use: Cystic Fibrosis Genotyping Test, Warfarin Sensitivity Test, and Thrombophilia Risk Test. A Respiratory Viral Panel (RVP) has been submitted to the FDA for 510(k) clearance. A number of other tests, including HCV Genotyping and 2C19, versions of which are available for research use only, and KRAS, are in development for IVD use. For more information, visit www.genmarkdx.com.

About Advanced Liquid Logic, Inc.

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