Arrow
Arrow
Slider

Premaitha Health plc
(“Premaitha”, the “Company” or the “Group”)

Premaitha signs NIPT partnership agreement in India

Manchester, UK – 5 June 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group focused on non-invasive prenatal testing (“NIPT”), announces a 3-year agreement with one of the most advanced clinical laboratory groups in India (“Partner”), to provide a bespoke, high quality and scalable NIPT solution in the Indian market.

Premaitha, through its Yourgene subsidiary (“Yourgene”), has entered into a partnership with one of India’s leading diagnostic groups, to offer mass-population NIPT screening to their clinical network reaching over 2,000 cities and towns across India.  

The Group has developed a bespoke NIPT screening system for the Partner, utilising a breakthrough DNA preparation technology from Premaitha’s Manchester, UK, development centre. Premaitha will supply sample and library preparation consumables to the Partner’s central laboratory, and perform the NIPT analysis on the resulting sequenced DNA data in Yourgene’s bioinformatics centre in Taiwan.

The NIPT solution has been developed to enable lower cost NIPT testing to be applied on a broader population than has been possible to date. The Partner’s NIPT service is expected to be fully operational by Q4 2018 and is anticipated to draw significant sample volumes from all over India.

NIPT is relatively new in the Indian market but, with over 26 million births per annum, and increasing awareness of the benefits of NIPT, Premaitha expects that India will be a key growth market for the Company and that this partnership will be a catalyst for the market.

Dr Stephen Little, CEO of Premaitha Health, commented: “Premaitha’s NIPT system for this Partner brings together our world class assay and bioinformatics capabilities in the UK and Taiwan, applies higher sample throughput technology, and delivers a bespoke solution that puts NIPT in reach of large populations requiring cost effective screening. We believe the combination of our Partner’s established position in India and Premaitha’s NIPT technology, presents an opportunity for material revenue growth for the Company over the contract life and beyond as test volumes ramp up to very significant levels.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information, please contact:
    
Premaitha Health PLC
Dr Stephen Little, Chief Executive Officer
Barry Hextall, Chief Financial Officer
Joanne Cross, Head of Marketing
This email address is being protected from spambots. You need JavaScript enabled to view it. 
Tel: +44 (0)161 667 1053

Cairn Financial Advisers LLP (NOMAD)
Liam Murray / James Caithie
Tel: +44 (0)20 7213 0880

finnCap (Broker)
Adrian Hargrave / Scott Mathieson (Corporate Finance)
Andrew Burdis / Abigail Wayne (Corporate Broking)
Tel: +44 (0)20 7220 0500

Vigo Communications
Ben Simons / Fiona Henson / Antonia Pollock
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 (0)20 7390 0237
 
About Premaitha

Premaitha is an international molecular diagnostics group which uses the latest advances in DNA analysis technology to develop safer, faster and regulatory approved genetic screening tests.

The Group’s current primary focus is on non-invasive prenatal tests (NIPT) for pregnant women - an emerging, multi-billion dollar global market – although the Group intends to expand its product range into other areas of clinical genetics.

Premaitha’s first product, the IONA® test was launched in 2015 as the first CE-IVD NIPT test in Europe. It enables laboratories and healthcare practitioners to offer a complete CE-marked NIPT system in-house. The IONA® test is performed on a maternal blood sample – which contains traces of fetal DNA – and estimates the risk of a fetus being affected with Down’s syndrome or other genetic conditions.

Unlike existing prenatal screening methods, due to its high level of accuracy, the IONA® test can significantly reduce the number of women subjected to unnecessary invasive follow up diagnostic procedures, such as amniocentesis, which are costly, resource intensive and carry a risk of miscarriage.

In March 2017, Premaitha acquired Yourgene Bioscience, a specialist next generation sequencing and bioinformatics company based in Taiwan, with its own NIPT screening solution that operates on the same Thermo Fisher next-generation sequencing platform as Premaitha’s IONA® test. Yourgene brings significant benefits to the Group through expanded market access in Asia – the world's fastest growing NIPT market – as well as opportunities for cross-selling and the ability to jointly develop expanded test content both within NIPT and beyond.

Since May 2018, the Group has traded as Yourgene Health outside of Europe (but remaining as Yourgene Bioscience in Taiwan) reflecting the increased scope of the business in other areas of clinical genetics further to reproductive health; but will maintain the Premaitha Health brand within Europe.

Premaitha is headquartered in Manchester, England, with Yourgene offices in Taipei and Singapore. Its shares trade on the AIM market of the London Stock Exchange (AIM: NIPT). For further information, please visit www.premaitha.com. Follow us on twitter @PremaithaHealth.

  • 12 October 2018 - Trading Update & Notice of Results +

    Premaitha Health plc
    (“Premaitha” or the “Group”)

    Trading Update & Notice of Results

    Manchester, UK – 12 October 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group, is pleased to provide an update on trading for the six-month period ended 30 September 2018 (“H1”).

    H1 revenues were approximately £3.9 million, an increase of 45 per cent over the corresponding period last year. The Company has made a strong start to the second

    Read More
  • 04 October 2018 - $1 million collaboration agreement +

    Premaitha Health PLC
    (“Premaitha,” the “Company” or the “Group”)

    $1 million collaboration agreement
    Partnership to provide genetic testing based on next generation sequencing for oncology

    Manchester, UK – 4 October 2018: Premaitha (AIM: NIPT), a leading international molecular diagnostics group, announces a new partnership agreement between the Group’s Yourgene Bioscience division (“Yourgene”) and a leading clinical research organisation in Taiwan (the “Partner”), to deliver next generation sequencing (“NGS”) testing in oncology.

    Under the terms of

    Read More
  • 28 September 2018 - Full year results to 31 March 2018 and half-year trading update +

    Premaitha Health PLC
    (“Premaitha,” the “Company” or the “Group”)

    Full year results to 31 March 2018 and half-year trading update

    Manchester, UK – 28 September 2018: Premaitha (AIM: NIPT), a leading international molecular diagnostics group, announces its full year results for the twelve months ended 31 March 2018; and provides an update on trading in the current financial year to date.  

    Financial highlights

    Revenues increased by 100% to £6.15m (2017: £3.08m), including the first

    Read More
  • 28 September 2018 - Proposed fundraise to raise approximately £2.5 million +

    THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

    Read More
  • 20 September 2018 - Senior Commercial Appointment and Anticipated Directorate Change +

    Premaitha Health plc
    (“Premaitha” or the “Group”)

    Senior Commercial Appointment and Anticipated Directorate Change

    Manchester, UK – 20 September 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group, is pleased to announce the appointment of Mr Hayden Jeffreys to a senior commercial role within the Group and that he will be appointed to the Board as Group Commercial Director upon completion of the customary directorate appointment due diligence.

    Hayden has over 20

    Read More
  • 19 September 2018 - Legal Settlement and Licence Agreement with Illumina +

    Premaitha Health plc
    (“Premaitha” or the “Group”)

    Legal Settlement and Licence Agreement with Illumina

    Manchester, UK – 19 September 2018: Premaitha Health plc (AIM: NIPT), a leading  international molecular diagnostics group, is pleased to announce that the Group has entered into a legal settlement and a licence and supply partnership agreement with Illumina Inc. (“Illumina”) (the “Agreements”), resolving the current non-invasive prenatal testing (“NIPT”) patent infringement litigation.  

    Key Terms of the Agreements

    • Premaitha

    Read More
  • 4 July 2018 - Board Changes +

    Premaitha Health plc
    (“Premaitha” or the “Group”)

    Board Changes

    Manchester, UK – 4 July 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group, is pleased to announce the appointment of Mr Lyn Rees as Chief Executive Officer and Mr Keng Hsu as Chief Operating Officer (Asia).  Dr Stephen Little, currently Chief Executive Officer, will move to the role of Executive Vice Chairman of the Group.

    Alan Chang, Non-executive Director, will step down

    Read More
  • 26 June 2018 - Collaboration with Abnova +

    Premaitha Health plc
    (“Premaitha” or the “Company”)

    Collaboration with Abnova

    Partnership to develop next generation sequencing capability for single cell analysis

    Manchester, UK – 26 June 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group, announces that it has entered into a partnership with Abnova, the world’s largest monoclonal antibody manufacturer, to collaborate on the development of next generation sequencing (“NGS”) capabilities for single cell analysis.

    Abnova has successfully developed a large

    Read More
  • 13 June 2018 - Premaitha wins ‘Outstanding NIPS Solution Provider of the Year’ award +

    Premaitha Health plc
    (“Premaitha” or the “Company”)

    Premaitha wins ‘Outstanding NIPS Solution Provider of the Year’ award

    Manchester, UK – 13 June 2018: Premaitha Health plc (AIM:NIPT), a leading international molecular diagnostics group, is proud to announce that it has today been presented with the “Outstanding Non-invasive Prenatal Screening (NIPS) Solution Provider of the Year” award at the China & America Precision Medicine Forum in Shanghai.  

    The award recognises Premaitha’s excellence as a leading

    Read More
  • 11 June 2018 - Partnership agreement for DNA sequencing technology development +

    Premaitha Health plc
    (“Premaitha” or the “Company”)

    Partnership agreement for DNA sequencing technology development

    Manchester, UK – 11 June 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group, announces that it has signed an agreement with Coastal Genomics, a biotechnology engineering firm based in Vancouver, Canada, to develop advanced technologies for clinical DNA sequencing tests.

    Coastal Genomics develops and markets automated solutions to address sample preparation needs across the medical diagnostics sector.

    Read More
  • 5 June 2018 - Premaitha signs NIPT partnership agreement in India +

    Premaitha Health plc
    (“Premaitha”, the “Company” or the “Group”)

    Premaitha signs NIPT partnership agreement in India

    Manchester, UK – 5 June 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group focused on non-invasive prenatal testing (“NIPT”), announces a 3-year agreement with one of the most advanced clinical laboratory groups in India (“Partner”), to provide a bespoke, high quality and scalable NIPT solution in the Indian market.

    Premaitha, through its Yourgene subsidiary (“Yourgene”),

    Read More
  • 15 May 2018 - Premaitha expands footprint with new laboratories in Kenya and India +

    Premaitha Health plc
    (“Premaitha” or the “Company”)

    Premaitha expands footprint with new laboratories in Kenya and India

    Manchester, UK – 15 May 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group focused on non-invasive prenatal testing (“NIPT”), announces that it has further extended its customer base, adding two new laboratory hubs, one in Kenya – a new territory for Premaitha – and the other in India.

    In Kenya, the Group has signed

    Read More
  • 15 May 2018 - Year-end Trading Update and £2.5m Fundraising +

    Premaitha Health plc

    (“Premaitha”, the “Company” or the “Group”)

    Year-end Trading Update and £2.5m Fundraising

    Revenues doubled in the year ended 31 March 2018 & An additional £2.5m funds raised

    Manchester, UK – 15 May 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group, provides a trading update for its financial year ended 31 March 2018; announces completion of a share subscription for £2.5m cash at a price of 4.5 pence per

    Read More
  • 29 March 2018 - Premaitha to attend key industry conferences in Asia Pacific +

    Premaitha Health plc
    (“Premaitha” or the “Company”)

    Premaitha to attend key industry conferences in Asia Pacific

    Manchester, UK – 29 March 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular diagnostics group focused on prenatal testing, is pleased to announce it will be participating in key industry conferences in the Asia Pacific (“APAC”) region to raise awareness of its non-invasive prenatal testing (“NIPT”) solutions.

    Med Lab Asia Pacific

    Med Lab Asia Pacific will be

    Read More
  • 26 March 2018 - Update on UK patent infringement claim received in September 2017 +

    Premaitha Health plc
    (“Premaitha” or the “Company”)

    Update on UK patent infringement claim received in September 2017

    Manchester, UK – 26 March 2018: Premaitha Health plc (AIM: NIPT), a leading international molecular
    diagnostics group focused on non-invasive prenatal testing (“NIPT”), provides an update on the first
    stage of its UK defence against the new patent infringement claim, announced on 7 September 2017
    (“New UK Claim”).

    The New UK Claim from Illumina and Sequenom (the “Claimants”)

    Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Pregnant lady sitting at table with Laptop

Investor Relations
Ben Simons / Fiona Henson
Vigo Communications
180 Piccadilly
London W1J 9HF
premaitha@vigocomms.com
T : +44 (0) 20 7830 9700

Two business people looking at computer screen