Information  X 
Enter a valid email address

EKF Diagnostics Hldg (EKF)

  Print      Mail a friend

Thursday 09 August, 2018

EKF Diagnostics Hldg

Trading update

RNS Number : 3062X
EKF Diagnostics Holdings PLC
09 August 2018
 

 

EKF Diagnostics Holdings plc

("EKF", the "Company")

 

Trading update

 

EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, provides an update on current trading.

 

The Company announces that despite currency headwinds the earnings are marginally ahead of management expectations and we remain confident that we will achieve further progress over the balance of the year. During the first half EKF has made significant headway in delivering the strategy mentioned at the time of the results:

 

·     Diaspect Tm has received FDA 510k CLIA clearance

·     Following significant investment in our Elkhart enzyme facility we have announced the multi-million dollar enzyme contract with Oragenics, Inc

·     We have announced an exclusive distribution contract in the US with Asahi Kasei Pharma Corp for their FDA cleared Glycated Albumin products. This will support our diabetes strategy within the US

·     We have signed an OEM contract with McKesson-Surgical Inc. which gives exclusive rights for the distribution of Diaspect Tm in all markets in the United States with the exception of blood banks. McKesson is the largest distributor of haemoglobin products in the US. We expect that this will significantly strengthen our position in North America and has the potential to add meaningfully to our sales over the medium term.

·     Quo-Test® has been submitted for FDA clearance

 

Finally, despite significant investment in our operations worldwide cash generation has been very strong with net cash at 30 June of approximately £9.0m compared with £4m on 30 June 2017.

 

 

Enquiries:

 

EKF Diagnostics Holdings plc 

www.ekfdiagnostics.com

Christopher Mills, Non-Executive Chairman

Tel: 029 2071 0570

Julian Baines, CEO 




Richard Evans, FD & COO






N+1 Singer (Nomad & Broker)

Tel: 020 7496 3000

Aubrey Powell / Shaun Dobson






Walbrook PR Limited

Tel: 020 7933 8780 or [email protected]

Paul McManus / Lianne Cawthorne

Mob: 07980 541 893 / 07584 391 303

 


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 [email protected] or visit www.rns.com.
 
END
 
 
TSTLIFLRTIIAIIT

a d v e r t i s e m e n t