Product Pipeline

With Universal Biosensors' (UBI) electrochemical strip technology already demonstrated in blood glucose and coagulation testing, the company is focused on adding new clinically relevant and commercially attractive tests to its product pipeline.  A key opportunity is UBI's early but exciting research into molecular diagnostics testing.

Molecular Diagnostics

Molecular Diagnostics tests are a new wave of cutting edge technology that analyse genetic information.  In particular, the tests look for genetic mutation or levels of certain genetic material (that uniquely identify a cancer or virus, for example), which may affect the probability of developing a disease, aid in the diagnosis of a disease or infection, or improve the response to treatment.

The market for molecular diagnostics is a broad segment, including blood screening, infectious disease testing, genetic testing and oncology testing.  Molecular diagnostics also has the ability to drive new approaches to therapy, by enabling doctors to tailor their therapeutic strategy for each individual based on genetic information.

The market for molecular diagnostics is valued today at more than US$5 billion worldwide and is expected to grow at more than 12% annually.  UBI anticipates continued growth in this area due to:

  • An ageing population and greater incidence of chronic disease;
  • A need for earlier diagnosis and faster treatment to reduce healthcare costs;
  • An improved understanding of human genetic makeup (and how to identify irregularities); and
  • Advances in chemistry and instrumentation technology.

UBI has signed a non-exclusive licence agreement with Australian company, SpeeDx Pty Ltd, for access to its proprietary MNAzyme technology, which is a highly selective method for detecting sequences of RNA and DNA.

UBI hopes to combine these MNAzymes with UBI's proven biosensor technologies to detect DNA or RNA electrochemically, meaning:

  • Tests would take minutes, rather than the hours typically required for molecular tests today; and
  • The system would be simple to use and cost effective.

UBI's vision is to make true, rapid and convenient, point-of-care DNA and RNA testing possible.