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Epistem Holdings plc : Funding award from US Department of Defense

  •   21 March 2016

RNS Number : 6988S

Epistem Holdings plc

21 March 2016


RNS Press Release

For release: 21 March 2016


Award of Funding for Next Stage of US Department of Defense Programme

 to Develop Genedrive® Biohazard Identification Tests


Epistem Holdings Plc (LSE: EHP), the molecular diagnostics, personalised medicine and biotechnology company, announces today that the US Department of Defense has awarded $2.9m in funding for the next phase of Epistem's programme to develop a handheld Genedrive® test for biohazard identification.


In August 2015, Epistem announced the first $2.4m phase of the $7.8m programme with the US Department of Defense for the development and manufacture of Genedrive® as a biohazard identification system. The second phase announced today was triggered by successful progress to date and is expected to be largely undertaken during the financial year 2016/17.


David Budd, CEO of Epistem, commented "Today's announcement is a recognition of our team's expertise in developing new assays and marks a further important validation of Genedrive®'s potential  as a highly versatile molecular diagnostic system which can be used outside a central lab setting. The US Department of Defense programme funding increases our overall development capability and our ability to develop Genedrive® to realise its full potential."



- Ends -


For further details please contact:

Epistem Holdings Plc

David Budd: CEO                                                                                                           +44 (0)161 606 7258

John Rylands: Finance Director


Peel Hunt LLP

James Steel                                                                                                                      +44 (0)207 418 8900

Tom Burt

Oliver Jackson


Consilium Strategic Communications

Chris Gardner                                                                                                                    +44 (0)203 709 5700

Laura Thornton                                                                  



Notes to Editors


Epistem is a personalised medicine and biotechnology company developing innovative molecular diagnostics and biomarkers alongside providing contract research services to drug development companies. Epistem's Genedrive® is a next-generation Point of Care molecular diagnostic system providing a low cost, rapid, versatile, simple to use and robust diagnostics platform for the diagnosis of infectious diseases and for use in patient stratification (genotyping), pathogen detection and other indications. Genedrive® aims to provide a 'gold standard' identification of Tuberculosis & antibiotic resistance. The World Health Organisation (WHO) has publicly recommended that nations incorporate new rapid and molecular tests for Tuberculosis into their disease testing programs. The Genedrive® platform and its first Tuberculosis test is now being prepared for launch in India and the Indian sub-continent. Further details can be found at: and


This information is provided by RNS

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