January 6th, 2023, Vancouver, British Columbia: Syniad Innovations Inc (“Syniad”) is pleased to announce that Gemina Laboratories Ltd. (CSE: GLAB) (FRA: 817) (the “Company” or “Gemina”) the completion of its influenza A/B rapid test prototype. The Company announced its intention to develop an influenza diagnostic in Q2 of 2022, using Gemina’s unique chemistry platform.
Demand for tests for influenza and other common illnesses has been growing significantly as healthcare providers seek to distinguish between diseases with common symptoms. In the post-pandemic era, consumers are also demanding greater control over their health status, creating substantial global demand for low-cost diagnostic tools that can be self-administered.
After an extensive antibody screening program, Gemina Laboratories, in partnership with RAPIvD, has completed the development of an influenza A/B rapid test prototype (the Gemina Benchmark Test) for internal benchmarking studies to further demonstrate the performance improvements imparted by the Gemina chemistry platform.
The Gemina Benchmark Test is designed using the traditional Lateral Flow Assay (“LFA”) format commonly found in the rapid COVID tests used throughout the pandemic. The Gemina Benchmark Test has been shown to reliably detect multiple strains of whole influenza A and influenza B viruses in artificial nasal fluid-spiked samples on a single test strip with no cross-reactivity between flu A and B. The Benchmark will now enter the optimization phase, followed by pre-clinical performance evaluation with patient samples.
Once performance evaluation is complete, the Gemina Benchmark Test will be put through a series of head-to-head performance evaluation studies against the same test built using Gemina’s proprietary immobilization chemistry. This will be a true direct comparison between our proprietary LFA design and the industry-standard LFA design. In addition, the resultant data will provide a direct measure of the improvements imparted by the Gemina technology compared to standard LFAs.
Indeed, preliminary comparative studies utilizing the Gemina immobilization chemistry indicate the potential to reduce antibody usage by 6-8 times while maintaining equivalent sensitivity to the traditional design. Since the majority of LFA tests use expensive antibodies to capture the virus and allow for detection on the test strip, this potential large reduction in antibody use represents a substantial benefit in terms of both cost reduction and improved supply chain security.
The next steps for the further integration of the Gemina chemistry platform into our panel of upcoming diagnostic products will be provided in the CEO’s strategy update to be released this month.
Brian Firth, Gemina CEO, commented, “This is a very significant milestone for our company because the successful completion of this prototype confirms Gemina’s chemistry platform can support rapid test development for a range of respiratory diseases. The course is now set for Gemina to make a major contribution to the management of the burden of global respiratory health challenges.”
The Company is also pleased to announce that it has entered into an investor relations agreement with Bristol Capital Ltd. (“Bristol”) to provide investor relations and communication services. Bristol has been retained for an initial term of twelve (12) months, with automatic renewal, subject to early termination under certain circumstances. The Company will pay between $7,000 and $14,000 per month, depending upon the level of service provided during the service period.
Learn more at: https://www.geminalabs.com/
Syniad Innovations is a company focused on building breakthrough deep tech companies around cutting-edge advances in science & engineering, like quantum networking.
Syniad addresses some of the world’s most pressing challenges by collaborating with exceptional researchers and provides the expertise, capital, and networks to help accelerate their ideas into important new products and services. Founded in 2015 in Vancouver, Syniad possesses a unique pedigree in research commercialization.
Our experience includes projects with various stakeholders, from Fortune 500 companies to governments and universities that want a step change in impact.