2nd May 2019 11:46
LONDON (Alliance News) - Microsaic Systems PLC on Thursday said the integration of its technology with a Chinese partner's separation technology has been completed.
Microsaic shares were trading 18% higher on Thursday at 1.30 pence each.
Last year, Unimicro Technologies Inc launched its micro capillary electrophoresis equipment, integrated with Microsaic's small footprint mass spectrometry.
As a result, Unimicro's combined system brings protein characterisation to the bench chemist, in markets such as academia, pharmaceuticals and contract research organisations.
In March, Unimicro released the first in a series of micro-liquid chromatography products, again integrated with Microsaic's technology.
This will extend Unimicro's reach in China with micro liquid chromatography-mass spectrometry systems, Microsaic said, a technique which has wide adoption in chemical and biological analysis.
"We are very excited as Unimicro continues to expand its product range, which integrates with our mass spectrometry technology," said Chief Executive Glenn Tracey.
"Furthermore, we are looking forward to receiving one of Unimicro's PhD placements at our facility later in the year to work on joint applications and continue our spirit of collaboration," added Tracey.
Looking ahead, Microsaic said 2019 will be a year of "significant growth" in revenue, driven by the partnerships signed in 2018, and the continued business development with new partners during 2019. The company now has nine partners globally.
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