Nanotechnology Now - Press Release: Abaxis and LamdaGen Corporation Enter Into R&D Diagnostic Collaboration

Home > Press > Abaxis and LamdaGen Corporation Enter Into R&D Diagnostic Collaboration

Abstract:
Abaxis, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood instrumentation and consumables to the medical, research and veterinary markets, and privately-held LamdaGen Corporation, an optical biosensor company, announced today an R&D agreement to integrate LamdaGen's high- sensitivity Plasmonic ELISA technology on the Abaxis Piccolo and VetScan rotors. System feasibility testing is currently underway.

Abaxis and LamdaGen Corporation Enter Into R&D Diagnostic Collaboration

Union City and Menlo Park, CA | Posted on October 26th, 2013

LamdaGen's patented biosensor platform is based upon LSPR (Localized Surface Plasmon Resonance) and provides rapid, quantitative diagnostic results with broad dynamic range and detection levels in the femtomolar range.

"We believe that LamdaGen's technology will provide a unique opportunity for Abaxis to integrate a high sensitivity immuno-based system onto our existing rotor-based platforms. This would allow us to provide both our existing clinical chemistry menu together with a wide range of high-sensitivity immunoassays, all within the scope of our present designs. If proven viable, both medical and veterinary customers will be able to simultaneously analyze for chemistry parameters as well as for infectious disease, hormones and a wide range of other markers on the same rotor," commented Clint Severson, Chief Executive Officer of Abaxis. "The ability to unify both diagnostic systems onto our existing rotor will greatly expand Abaxis' global diagnostic offerings."

"Abaxis is a leader in the POC industry, and we are very excited to collaborate with them in shaping the future of diagnostic testing," added Randy Storer, Chief Executive Officer of LamdaGen.

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About LamdaGen Corporation
LamdaGen Corporation is a privately funded biosensor company that provides LSPR (Localized Surface Plasmon Resonance) diagnostic platforms and analytical products to the Life Science industry as well as functional nanomaterials to support various applications in plasmonics, cleantech and energy. Founded in 2005 and headquartered in Menlo Park, California, the company’s products are based upon its patented nano-structured surface technologies which produce highly robust sensors in the form of metallic thin films - and are the first commercially available LSPR-based products.

LamdaGen’s Plasmonic ELISA is fast, highly sensitive and ideally suited for In-Vitro and POC diagnostic systems, facilitating detection limits into the femtomolar range. The company licenses the platform to diagnostic companies for integration into their existing IVD devices or advanced systems under development.

About Abaxis

Abaxis develops, manufactures, markets and sells portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements. The system consists of a compact, 5.1 kilogram (11.2 pounds), portable analyzer and a series of single-use plastic discs, called reagent discs that contain all the chemicals required to perform a panel of up to 13 tests on veterinary patients and 14 tests on human patients. The system can be operated with minimal training and performs multiple routine tests on whole blood, serum or plasma samples. The system provides test results in less than 12 minutes with the precision and accuracy equivalent to a clinical laboratory analyzer. The veterinary business also provides to the animal health and research market a line of hematology instruments for point-of- care complete blood counts (CBC), a specialty instrument to screen for and detect clotting disorders and to measure equine fibrinogen levels, a handheld instrument for the rapid assessment of certain critical care tests and rapid point-of-care tests for Heartworm infections, Parvovirus, Giardia and Lyme disease. Abaxis, through its AVRL division, provides routine laboratory testing as well as specialty testing for veterinarians nationwide. For more information, visit www.abaxis.com.

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Contacts:
Alice Huang

LamdaGen Corporation
Randy Storer
Chief Executive Officer
650-571-5816

Abaxis, Inc.
Clint Severson
Chief Executive Officer
510-675-6500

Lytham Partners, LLC
Joe Dorame
Robert Blum
Joe Diaz
602-889-9700