December 8, 2023

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LexaGene Announces Multi-System Purchase from a Corporate Veterinary Reference Laboratory

LexaGene Holdings Inc

LexaGene Holdings Inc

BEVERLY, Mass., April 25, 2022 (World NEWSWIRE) — LexaGene Holdings, Inc., (OTCQB: LXXGF TSX-V: LXG) (“LexaGene” or the “Company”), a molecular diagnostics company that has commercialized an instrument for automated multiplex PCR screening, is delighted to announce a corporate veterinary reference laboratory has obtained 3 MiQLab® Units for just one of their numerous places.

Dr. Jack Regan, LexaGene’s CEO and Founder mentioned, “Testing in the veterinary industry is dominated by a few corporate providers that have screening places across the United States. These multi-billion dollar businesses compete from each individual other for enterprise from veterinary hospitals and clinics that want more rapidly effects than the standard 3 – 5 working day hold out for culturing microorganisms. In distinction to society, we are content to supply the MiQLab Technique as a rapid 2-hour option for identifying whether or not pathogens are current in a sample and if they harbor drug resistance genes. We are assured their experience with our technological innovation will be a very good one particular. Results in this spot could end result in further purchases for their other places and perhaps start a wave of adoption in the other firms as very well.”

In addition, LexaGene is delighted to announce that it has sold a MiQLab Program to a college veterinary college in Florida to be made use of in their veterinary wellness lab. Dr. Regan went on to say, “We are happy to place models into veterinary colleges, the place students are remaining taught the importance of proof-centered decision making and about the advantages of PCR for quick pathogen identification. Acquiring learners, who as new graduates have the most possibility of struggling from the effects of very poor antimicrobial stewardship methods, uncovered to the positive aspects of the MiQLab System early in their instruction will fork out dividends on potential sales.”

He ongoing, “It is essential for us that LexaGene’s title is involved with greatest-in-course care. To this conclude, LexaGene has turn into a Garnet Member of the American Animal Medical center Association’s (AAHA) Strategic Alliance Method. AAHA’s mission and eyesight is ‘simplifying the journey in the direction of excellence for veterinary procedures.’ AAHA is the only organization to accredit companion animal veterinary hospitals. To grow to be AAHA accredited, practices endure regular, extensive onsite evaluations by AAHA veterinary experts who examine every single observe on a lot more than 900 requirements of veterinary treatment. Today, far more than 4,500 apply groups (about 15% of veterinary procedures in the United States and Canada) are AAHA accredited or pre-accredited. AAHA is incredibly passionate about antimicrobial stewardship, and we have not long ago engaged with AAHA for a current market analysis survey – and located that 60% of the 165 respondents would acquire a know-how that can give rapid in-clinic testing for a lot of pathogens and resistance markers. It is our perception that more discipline-validation of our know-how, which will be facilitated by our the latest advancements to our sample preparation cartridge, will present the facts needed to see an raise in the amount of our gross sales.”

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For inquiries: 800.215.1824 | [email protected] or [email protected]

About LexaGene Holdings Inc.
LexaGene is a molecular diagnostics organization that develops molecular diagnostic methods for pathogen detection and genetic testing for other molecular markers for on-site swift testing in veterinary diagnostics, food items security and for use in open-access marketplaces such as scientific analysis, agricultural screening and biodefense. Conclude-users basically require to collect a sample, load it on to the instrument with a sample preparation cartridge, enter sample ID and push ‘go’. The MiQLab® system provides excellent sensitivity, specificity, and breadth of detection and can return outcomes in about two hrs. The one of a kind open up-accessibility aspect is built for custom made tests so that conclusion-customers can load their possess true-time PCR assays onto the instrument to target any genetic focus on of fascination.

The TSX Venture Trade Inc. has in no way handed on the deserves of the proposed transaction and has neither authorized nor disapproved the contents of this push release. Neither TSX Venture Exchange nor its Regulation Solutions Provider (as that expression is defined in the procedures of the TSX Enterprise Exchange) accepts accountability for the adequacy or accuracy of this release.

This news launch has ahead-wanting details, which consists of acknowledged and mysterious risks, uncertainties and other elements that might result in actual events to differ materially from recent expectation. Essential things — such as the availability of funds, the success of financing attempts, the accomplishment of technological know-how growth initiatives, the price tag to procure important areas, functionality of the instrument, market place acceptance of the engineering, regulatory acceptance, and licensing challenges — that could cause true final results to vary materially from the Company’s anticipations as disclosed in the Company’s paperwork filed from time to time on SEDAR (see Audience are cautioned not to spot undue reliance on these forward-wanting statements, which communicate only as of the day of this push release. The enterprise disclaims any intention or obligation, apart from to the extent needed by legislation, to update or revise any ahead-on the lookout statements, whether or not as a result of new data, long term activities or otherwise.