Omega Diagnostics Group PLC Regulatory progress for VISITECT(R) COVID-19 test (0850B)

TIDMODX

RNS Number : 0850B

Omega Diagnostics Group PLC

08 June 2021

OMEGA DIAGNOSTICS GROUP PLC

("Omega" or the "Company" or the "Group")

Regulatory progress for VISITECT(R) COVID-19 Antigen test

Omega (AIM: ODX), the medical diagnostics company focused on CD4, infectious diseases and food intolerance, provides the following update on VISITECT(R) COVID-19 Antigen test regulatory approvals.

Regulatory approvals

Omega announces that it has begun the process of engagement with its European Notified Body seeking CE marking of the VISITECT(R) COVID-19 Antigen test, a rapid point-of-care diagnostic test for the detection of active COVID-19 infections as a self-test. The Company is agreeing the protocols required for utilisation studies and will update shareholders as this process progresses. The test is already CE marked for professional-use and the Company is targeting approval by the end of July to allow the test to be sold in Europe for home-use as well. As the global market for Antigen testing develops the Company believes self-test approval will be a key product differentiator, as has already been seen in the UK.

The Company also announces that its technology partner, Mologic Ltd ("Mologic") has successfully completed the necessary performance studies required for regulatory approval in the US and is now in the final stages of preparing a submission to the U.S. Food and Drug Administration (FDA) requesting Emergency Use Authorization (EUA) for its rapid point-of-care COVID-19 antigen test, for use under both the Omega's VISITECT(R) brand and Global Access Diagnostics brand.

Colin King, CEO of Omega, commented:

"I am pleased with the progress we are making to gain regulatory approval, both for our VISITECT self-test product and for US professional use. Both routes offer potentially significant opportunities as we believe we have a high quality product with global appeal."

Contacts:

 
 Omega Diagnostics Group PLC                             www.omegadiagnostics.com 
 Colin King, Chief Executive                                      via Walbrook PR 
 Kieron Harbinson, Group Finance 
  Director 
 
 finnCap Ltd                                                   Tel: [phone] 
 Geoff Nash/Edward Whiley (Corporate 
  Finance) 
 Alice Lane (ECM) 
 
 Walbrook PR Limited                   Tel: [phone] or [e-mail] 
 Paul McManus                                                  Mob: [phone] 
 Lianne Cawthorne                                              Mob: [phone] 
 

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June 08, 2021 02:00 ET (06:00 GMT)