SCIENTISTS PIONEER DEVELOPMENT OF MULTI-DISEASE RAPID TESTS AS EDX MEDICAL PLC COMPLETES ACQUISITION OF HUTANO DIAGNOSTICS LTD

EDX Medical made the announcement following the acquisition of Hutano Diagnostics Ltd, based in Oxford, UK and the establishment of a Point-of-Care Innovation team to expand and accelerate the range of the new tests and their integration with EDX smartphone expertise.

Hutano has a team of highly experienced scientists and collaborators at the University of Oxford at its laboratory in Oxford, where it was founded in 2018 by Atherton Mutombwera and Professor William James to disrupt the lateral flow test marketplace through innovative technology.

Professor Sir Chris Evans, OBE, founder of EDX Medical, said: "We are tremendously excited by the prospect of making the most advanced point of care tests available for the benefit of patients everywhere. This is a great joint endeavour by scientists at Oxford and Cambridge. Hutano has the ambition and technology to develop truly unique tests which, when combined with EDX chemistry and smartphone expertise, will generate game-changing new digital diagnostic products."

Dr Mike Hudson, chief executive of EDX Medical, commented: "The combined expertise and resources of the group puts us in a unique position to fast-track the introduction of a number of clinically important products and establish a new 'standard' in point-of-care testing worldwide."

Hutano Diagnostics Ltd Founder and CEO, Atherton Mutombwera, said: "Joining forces with EDX Medical Group PLC opens up a world of possibilities. It gives us access to the resources, expertise, and global reach necessary to usher in the age of digital point-of-care diagnostics. Together, we will be able to bring our innovations to a much broader audience and drive positive change in the healthcare landscape." 

Notes for Editors:
Point-of-Care Testing encompasses a range of technologies, which are amenable to use outside of a testing laboratory. They are typically lower cost and provide a fast, reliable result although traditionally less detailed than a laboratory test. Advances in technology and materials, of which Hutano and EDX Medical are pioneers, are creating opportunities to deliver high performance point-of-care tests aligned with the demand for cost-effective rapid clinical testing.

About EDX Medical Group PLC (www.edxmedical.co.uk)
EDX Medical Group plc develops innovative digital diagnostic products and services, enabling cost effective and timely delivery of personalised treatment for cancer, heart disease, and infectious diseases. The company is listed on the AQSE Growth Market (TIDM: EDX). EDX Medical was founded by Professor Sir Christopher Evans, OBE, a medical and life sciences entrepreneur with more than 30 years of experience, together with CEO, Dr Mike Hudson.

About Hutano
Hutano Diagnostics Ltd is developing an innovative, quantitative, multiplex Point of Care Testing Platform. The Platform enables multiple biomarker detection and quantification on the same device. Hutano's intellectual property covers a range of target recognition elements including antibodies and novel synthetic elements enabling both improved performance and quantification. A robust pipeline of new products has been established with a focus on providing clinically useful data in real time.  

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