Agreement extends Diagnostics Availability to South Korea

The signing of a licence and supply agreement for its colloidal gold with South Korea-based PaxGenBio, a privately held, independent developer and supplier of rapid, highly sensitive multiplex diagnostic kits, has been announced by Expedeon.

PaxGenBio will deploy the colloidal gold nanoparticles in its MPCR-ULFA (multiplexed Polymerase Chain Reaction - universal lateral flow assays) technology for the early, simultaneous detection of sexually transmitted diseases, including human papillomavirus and tuberculosis. The term of the agreement is three years, with an option to extend.

Dr. Youngsuk Park, CEO of PaxGenBio, said: “We are very pleased to be working with Expedeon and its highly-skilled, experienced team. Following a thorough evaluation of colloidal gold from a number of manufacturers, we identified the Expedeon product as the most consistent and of highest quality.”

Dr. Heikki Lanckriet, CEO and CSO of Expedeon, commented: “Expedeon is committed to providing our customers with the highest level of service, quality and consistency. We are delighted that PaxGenBio has chosen to adopt our gold nanoparticles in the manufacturing of its diagnostic kits. Our commercially scalable, proprietary colloidal gold particle manufacturing and coating process provides particles of the highest quality and offers superior properties in terms of particle size and shape and their ability to conjugate antibodies or antigens.”