Global collaboration agreement with Axcend Corp
26 Feb 2020
Microsaic Systems plc
("Microsaic" or the "Company")
Global collaboration and commercialisation agreement with Axcend Corp
Microsaic Systems plc (AIM: MSYS), the developer of point of need mass spectrometry ("MS") instruments, is pleased to announce that it has signed a global integration and joint sales and marketing heads of terms with Axcend Corp ("Axcend") to integrate the compact Microsaic 4500 MiD® MS with the portable Axcend Focus LC® ("LC/MS system"), and to commercialise the combined system globally using both companies' direct sales and selected distribution channels. Microsaic has a direct sales presence in the UK and certain European markets, while Axcend has a direct presence in North America; both partners have extensive and growing networks of international distribution partners.
The Microsaic 4500 MiD® is a robust and compact MS detector with an integrated computer and vacuum pump, whose small footprint and ease of use make it deployable anywhere within a laboratory or processing facility. The Axcend Focus LC® is a very small footprint, high-performance liquid chromatography system ("HPLC").
Both LC and MS are standard analyses that are widely adopted and the ability to offer both in an easy-to-use compact LC/MS system is expected to deliver users with significant efficiency benefits without compromising on performance, speed or reliability.
Liquid chromatography ("LC") is a well-established method of sample separation. LC very commonly uses MS as a detection method in a wide range of markets, such as chemicals, pharmaceuticals and environmental analysis. Typically, due in part to the size and complexity of traditional LC and MS systems, such analyses are performed in a centralised laboratory. The combination of Axcend and Microsaic's small footprint technologies supports timely testing in the location where samples are taken, as well as in centralised laboratories. In addition, the combined LC/MS system utilises substantially less solvents than the traditonal LC and MS systems, which can, therefore, result in lower running costs and solvent disposal.
The analytical HPLC-MS market is a $5 billion market today, according to Top Down Analytics, 2019 Outlook; Analytical Instruments Industry.
Glen Mella, CEO, Axcend commented: "We have an award-winning, lightweight and powerful HPLC that is easy-to-use and cost-competitive, especially on an operational basis. Yet many scientists need the added benefit of an LC/MS system to produce greater analytical insights. We are confident that Microsaic will be an excellent partner for delivering compelling solutions to our customers."
Glenn Tracey, CEO, Microsaic added: "We are particularly excited by this partnership, which combines two highly differentiated compact products into a very powerful LC/MS system. In addition to the benefits for customers, this collaboration also leverages our shared resources of marketing, direct sales and distribution channels globally. As far as we are aware there is no other LC/MS combination today which provides such a powerful offering in such a small footprint."
|
Enquiries:
|
|
|
Microsaic Systems plc Glenn Tracey, CEO Bevan Metcalf, FD |
+44 (0) 1483 751 577 |
|
N+1 Singer (Nominated Adviser & Broker) Aubrey Powell / George Tzimas (Corporate Finance) Tom Salvesen (Corporate Broking)
|
+44 (0)20 7496 3000 |
|
IFC Advisory Ltd (Financial PR) Graham Herring Florence Chandler |
+44 (0)20 3934 6630 |
About Microsaic Systems
Microsaic Systems plc (AIM: MSYS) is a high technology company developing chip-based, bench-top and point-of-analysis mass spectrometry ("MS") instruments that are designed to improve the efficiency of pharmaceutical R&D and manufacturing. The Company is working with a range of established global life science OEM partners, distributors and research organisations to co-develop and commercialise new solutions to improve productivity in the development of small molecule and novel biologic (peptides, antibodies) medicines. MS is a powerful method of analysis to enable earlier decision making relating to product identification, purity and bioactivity, and is the analytical technique of choice for biochemists across many industry sectors.
Microsaic's core products, the 4500 MiD®, and MiD®ProteinID are robust and compact MS systems, retaining the functionality of larger conventional MS systems, easier to use by non-specialists, consuming less energy and having lower running costs. For more information, please go to www.microsaic.com.
About Axcend
Based in Provo, Utah, Axcend is a provider of innovative, compact nano-flow, high-performance liquid chromatography (HPLC) systems. These systems allow scientists to Take the Lab to the Sample™ and deliver dramatic improvements in portability, ease-of-operation, and rapid and convenient deployment, as well as coupling to other analytical systems (such as mass spectrometers).
For more information please go to www.axcendcorp.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund