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Medical technology & services

Omega Diagnostics jumps following US expansion

Omega Diagnostics Group PLC (AIM:ODX) moved higher by 3% to 3.9p after announcing an expansion of its business in the US.

The medical diagnostics company said it received its first purchase order for its FoodPrint system from a laboratory in the US, with an initial value of £50,000.

FoodPrint can identify a person’s sensitivity reactions to unique foods from a small finger prick of blood, according to a statement.

Omega said it expects installation at the lab to commence later this month once necessary approvals have been achieved.

Omega added it has secured an importer for the kits into the US.

“This installation reflects a key milestone in our expansion plans, the receiving laboratory is ideally placed to commercialise FoodPrint in the US market as they are already providing a range of other functional tests,” said Omega chief executive Jag Grewal.

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