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Universal Biosensors Business Update; Fast Revenue Growth, Unique Patent Protected Technology & New Product Development

  • Published June 21, 2016 12:30PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

21st June 2016, ASX Announcement

UBI: Investment Highlights:

  • Targeting the large and growing Point-of-Care Diagnostics market
  • Fast growth in revenues based on sale of disposable test strips
  • Validating the technology through partnering deals with LifeScan and Siemens
  • Unique patent protected technology with low cost manufacturing
  • Driving growth beyond the existing product platform via new product development

Strong revenue performance with record Quarterly Service Fees achieved 

  • Blood glucose monitoring : QSF generated from OneTouch® Verio® were $4.9m in Q1’FY16 (up 68% compared to pcp)
  • Blood coagulation monitoring : Xprecia Stride™ revenues were $183k in Q1’FY16 (up 154% compared to pcp)
  • Total FY15 revenues improved 76% compared to pcp to $16.8m

To view the full announcement, please click on the button below.

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