Expedeon AG signs supply agreement with Reszon Diagnostics for proprietary colloidal gold technology
September 27th, 2018
- Expedeon’s proprietary colloidal gold to be used for manufacturing of diagnostic lateral flow assays
- Expedeon’s InnovaCoat® GOLD to be assessed for increasing sensitivity of marketed assays
Heidelberg, Germany and Cambridge, UK, 27 September 2018 – Expedeon AG (Frankfurt: EXN; ISIN: DE000A1RFM03; Prime Standard) today announced that the Company has signed a three year supply agreement for its colloidal gold with Malaysia-based Reszon Diagnostics International Sdn. Bhd. (part of Revongen Corporation) (“Reszon”), a developer and manufacturer of innovative in vitro diagnostics (IVD) rapid test kits, and ELISA kits. Reszon operates globally covering Asia, Middle East, sub-Saharan Africa, and the USA.
Under the terms of the agreement, Expedeon will supply Reszon with its proprietary colloidal gold, an aqueous suspension of spherical metallic nanoparticles manufactured to the highest standard, providing high efficiency antibody binding for maximum sensitivity. Reszon will use the gold nanoparticles for manufacturing of its diagnostic lateral flow assays (LFAs). The company will also be testing Expedeon’s InnovaCoat® GOLD nanoparticles, to increase the sensitivity of LFA which are already on the market. InnovaCoat® GOLD nanoparticles have a proprietary surface coating which covalently binds antibodies or proteins to form highly stable conjugates. The technology is fully scalable and stringently QC tested for consistent high quality and excellent batch-to-batch reproducibility.
Dr. Heikki Lanckriet, CEO and CSO of Expedeon, commented: “This agreement is the second just this month for our colloidal gold in Asia, further validating Expedeon as a global supplier for the diagnostics industry. The adoption of our colloidal gold and InnovaCoat® GOLD products by Reszon Diagnostics exemplifies the increased reach Expedeon is seeing as a key provider of materials and services to the diagnostics industry. We are confident that this represents the start of a successful and expanding relationship with Reszon and its parent company Revongen.”