QuantuMDx Enters into Cooperation Agreement with Sansure Biotech

QuantuMDx Group Limited (“QuantuMDx”), today announces it has entered into a cooperation agreement with Sansure Biotech Inc. (“Sansure”), an in-vitro diagnostic solution provider based in Changsha, Hunan province, China, to accelerate the regional commercialisation of Q-POC™ and its assays, in China.

Under the terms of the agreement, QuantuMDx and Sansure will enter a global R&D, manufacturing and commercial partnership aimed to bring a comprehensive array of innovative, high-performance molecular diagnostic assays to the Q-POC™ platform. QuantuMDx will grant Sansure exclusive rights to Q-POC™ in China, for which QuantuMDx will receive licensing and royalty payments. QuantuMDx will also have the exclusive rights to sell Sansure-translated assays outside China.

This agreement follows a £15 million equity investment in November 2021, from Vita Spring IVD Fund, L.P., a Hong Kong-based venture capital firm focused on early and growth-stage medical companies with disruptive technologies and global market potential. Financial terms of the agreement were not disclosed.

Jonathan O’Halloran, Chief Executive, QuantuMDx, said: “Sansure is an excellent partner for QuantuMDx in China as we look to increase our global presence. This cooperation agreement will now enable both companies to explore and leverage reagent, components of the Q-POC™ instrument and cassette assays for cost down opportunities and scalability in China, with an expectation to reduce our cost of goods. Coupled with Sansure’s expert knowledge of commercialising molecular diagnostics in the region, I believe we are well placed to build a strong presence in China and other territories in this important market. 

"This agreement comes at a pivotal time for QuantuMDx following the recent launch of our new respiratory panel Q-POC™ SARS-CoV-2, Flu A/B & RSV Assay. As we all know, the attractiveness of Point of Need devices increases significantly with a wide assay menu. This agreement will enable us to rapidly expand our menu as well as help to drive our costs down.”

Dr. Jia Liu, VP of R&D at Sansure, said: “The ability to use QuantuMDx’s Q-POC™ platform across multiple indications, demonstrated by the recent launch of its respiratory panel, is very exciting. There is a serious unmet need for accurate Point of Need testing, and we are looking forward to working with the innovative team at QuantuMDx, with the ultimate goal of bringing precision healthcare solutions to Chinese patients with this highly innovative diagnostic platform and a tailormade portfolio of assays.”