20/20 GeneSystems Launches First Accelerator Facility for Innovative Clinical Lab Tests

·3 min read

Shared CLIA lab to help diagnostics start-ups, including Australian-based Minomic, more rapidly enter the U.S. market

ATLANTA, September 28, 2021--(BUSINESS WIRE)--20/20 GeneSystems, Inc., ("20/20"), announced the launch of its Clinical Lab Innovation Axcellerator (CLIAx), believed to be the first shared CLIA laboratory facility geared to helping diagnostic test innovators worldwide substantially reduce the time and cost of launching their tests in the U.S.

"Establishing and maintaining a compliant CLIA lab can be costly and daunting for young companies, especially those seeking to enter the American market from overseas," 20/20 President and CEO, Jonathan Cohen said. "From leasing facilities to hiring qualified laboratory professionals, purchasing equipment, and running daily operations, it can be a hefty burden. These hurdles can limit or delay our nation’s access to some of the most creative and out-of-the-box testing solutions from around the world demonstrated during the pandemic to be in great demand. Our unique CLIA Axcellerator removes or lowers many of the barriers in the path of these innovators."

CLIAx offers nearly 3,000 square feet of ready-to-use communal clinical laboratory space and testing equipment, including a full PCR/molecular assay suite, NextGen Sequencing (NGS), immunoassay, and clinical chemistry capabilities. Importantly, 20/20’s marketing and sales teams will help promote the new tests introduced by CLIAx’s clients to the market segments in which 20/20 is currently active.

Earlier this month the company signed an agreement with Australian-based Minomic International Ltd, a diagnostics firm that is gearing up to introduce MiCheck® Prostate, a blood test that uses proprietary algorithms and biomarkers to estimate the risk of aggressive prostate cancer. "Our company is so excited to be working with the CLIAx team. Their clinical lab accelerator is a unique concept that allows us to tap into the expertise in laboratory testing. It is just what Minomic requires - a ‘soft landing’ site to enter the U.S. market so we can focus on the key activity of test rollout instead of the necessary minutiae of setting up and running a lab service," said Dr. Brad Walsh, CEO of Minomic International Ltd.

CLIAx was officially designated by the Maryland Department of Commerce as a "Soft Landing" program for overseas companies seeking to enter the U.S. market. "Maryland is 'open' for international companies looking to expand, and the new Clinical Laboratory Innovation Axcellerator will provide the perfect soft landing for those seeking to explore the U.S. market," said Maryland Commerce Secretary Kelly M. Schulz. "We applaud 20/20 GeneSystems for taking the lead with this initiative and we hope to see similar spaces launch throughout the state."

For more information, visit https://cliaxlabs.com/.

About 20/20 GeneSystems:

20/20 GeneSystems, Inc. (www.2020Gene.com) is a Rockville, Maryland-based company dedicated to modernizing clinical lab testing through machine learning and real-world data. The company ranked #770 on the 2021 Inc.5000 list of America’s fastest growing companies. 20/20 currently offers OneTest, a blood test to aid in the early detection of multiple cancers as well as several COVID-19 testing solutions including viral tests based on PCR and point-of-care, rapid antibody and antigen tests.

About Minomic International Ltd:

Minomic International Ltd is an Australian diagnostic company specializing in development of diagnostics for solid tumors, including prostate, bladder and pancreas. Minomic has developed the in vitro diagnostic MiCheck® Prostate test for the early detection of aggressive prostate cancer. Minomic is currently launching MiCheck® Prostate in Australia, the U.S. and China, which can reduce unnecessary biopsies and assist clinicians in determining the risk of men having aggressive prostate cancer. For more information on Minomic see www.minomic.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005750/en/

Contacts

Lana Sansur
RMR & Associates, Inc.
(301) 230-0045 x440
lsansur@rmr.com

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