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Quanterix Announces Strategic Investment From IQT
Date:1/5/2012

CAMBRIDGE, Mass., Jan. 5, 2012 /PRNewswire/ -- Quanterix Corporation, a company enabling a new generation of molecular diagnostic tests based on its revolutionary Single Molecule Array (SiMoA™) technology, announced today a strategic investment and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.  Through this strategic partnership, Quanterix aims to expand the development of its SiMoA technology to enable simultaneous measurement of both nucleic acids and proteins for the detection of pathogens.

Quanterix is developing and manufacturing a fully-automated instrument and low cost consumables for use in both the life sciences and in vitro diagnostics (IVD) markets. SiMoA, which has been validated in multiple published journal articles, will facilitate direct and non-amplified detection of pathogens to obtain a level of sensitivity that could previously only be achieved with amplification methods.  

"The ability to accurately detect the presence of low abundance molecules makes Quanterix technology a critical addition to our strategic investment portfolio," stated Syd Ulvick, Ph.D., Vice President, Physical and Biological Technologies practice at IQT.  "The Quanterix SiMoA platform offers great promise for applications in both the private and public sectors." 

"We are delighted to have In-Q-Tel as a strategic investor and partner, and view this investment as a validation of our technological capabilities," said Martin Madaus, Ph.D., Quanterix Chairman and CEO.  "We are excited to initiate this partnership to expand our platform capabilities to include novel applications that address the needs of the Intelligence Community."  

About Quanterix

Quanterix Corporation is developing its proprietary Single
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SOURCE Quanterix Corporation
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