Business
ProAxsis appoints Diagenics Limited as Distributor
ProAxsis appoints Diagenics Limited as Distributor.
About this update from Emv Capital Plc
[{"type":"text","content":"\n \nRNS Number : 6673Q NetScientific PLC 14 September 2017 \n\nNetScientific plc\n(\"NetScientific\" or the \"Company\" or the \"Group\")\n \nProAxsis Appoints Diagenics Limited as Sales Distributor for the UK and Ireland\n \nLondon, UK - September 14th 2017 - NetScientific plc (\"NetScientific\", AIM:NSCI), the transatlantic healthcare IP commercialisation group, announces an update for its portfolio company, ProAxsis. ProAxsis today announces that it has appointed Diagenics Limited as the distributor for its ProteaseTag® Active Neutrophil Elastase Immunoassay in Great Britain and Ireland. The appointment is expected to accelerate the commercial uptake of ProAxsis' technology, increasing near-term sales potential for ProAxsis. \nCommenting on the news, Francois Martelet, Chief Executive Officer of NetScientific and Chairman of ProAxsis, said: \"We are delighted to announce the build of commercial operations for ProAxsis and we have high confidence in the platform of Diagenics Limited to respond to the increase in demand for ProAxsis' immunoassays given its strong market reputation. The expansion of sales capabilities represents a critical milestone for ProAxsis and brings our portfolio company closer to significant value creation.\"\n \nNetScientific holds a 57% stake on a fully diluted basis in ProAxsis.\n \nThe full text of the announcement from ProAxsis can be found below.\n \n \n# # #\n \nFor more information, please contact:\n \n\n\n\n\n NetScientific\n François R. Martelet, M.D., CEO\n Ian Postlethwaite, CFO\n\n\nTel: +44 (0)20 3514 1800\n\n\n\n\n \n Consilium Strategic Communications\n Mary-Jane Elliott / Jessica Hodgson /\n Chris Welsh / Laura Thornton \n \n\n\n \nTel: +44 (0)20 3709 5700\[email protected]\n\n\n\n\nStifel Nicolaus Europe Limited (NOMAD and Broker)\nJonathan Senior / David Arch / Ben Maddison\n\n\n Tel: +44 (0) 20 7710 7600\n\n\n\n\n \nProAxsis appoints first distributor for NE Immunoassay\nDate: September 14, 2017\nProAxsis today announces that the company has appointed Diagenics Limited as the distributor for its ProteaseTag® Active Neutrophil Elastase Immunoassay in Great Britain and Ireland. Founded in 1994, Diagenics supply high quality diagnostic ...