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Luminex Provides Updates on Critical Efforts Related to Novel Coronavirus

March 4, 2020 GMT
Luminex logo. (PRNewsFoto/Luminex Corporation)
Luminex logo. (PRNewsFoto/Luminex Corporation)

AUSTIN, Texas, March 4, 2020 /PRNewswire/ -- As the rapidly changing situation associated with the Wuhan coronavirus, now known as SARS-CoV-2, continues to evolve both in the United States and around the world, Luminex Corporation (NASDAQ:LMNX) announced today updates on the company’s plans, progress, and capabilities in assisting laboratories to detect and diagnose cases of this novel coronavirus disease (COVID-19).

“We have been working on multiple solutions to augment our NxTAG and ARIES offerings in order to facilitate and automate the detection of SARS-CoV-2,” said Nachum “Homi” Shamir, President and CEO of Luminex. “These additional alternatives leverage our globally available instrument platforms and assay technologies. They should be especially helpful to laboratories throughout the United States, given the recently released guidance from the Food and Drug Administration concerning high-complexity testing under CLIA prior to Emergency Use Authorization (EUA) for SARS-CoV-2.”

Luminex anticipates making two different solutions available for SARS-CoV-2 testing:

“Offering multiple solutions is a key part of Luminex’s focus on providing value and flexibility to our current and future customers,” said Shamir. “The assays we are working on will assist both laboratories and clinicians that need to detect SARS-CoV-2 on its own, as well as those that may need a more complete picture of potential causes of respiratory infections—including targets that are both common and novel in nature. In addition, Luminex’s VERIGENE® RP Flex Test, NxTAG RPP, and ARIES® Flu A/B & RSV assays are all able to provide exclusion testing as laboratories grapple with the emerging COVID-19 situation during the flu/respiratory season. Given the expanding scope of this outbreak, it seems likely that we could be battling COVID-19 for the foreseeable future.

“We are unable to quantify at this time what, if any, material financial impact these efforts will have, and are not making any adjustments to our current expectations. We look forward to providing additional updates as they become available,” said Shamir.

About Luminex Corporation

At Luminex, our mission is to empower labs to obtain reliable, timely, and actionable answers, ultimately advancing health. We offer a wide range of solutions applicable in diverse markets including clinical diagnostics, pharmaceutical drug discovery, biomedical research, genomic and proteomic research, biodefense research, and food safety. We accelerate reliable answers while simplifying complexity and deliver certainty with a seamless experience. To learn more about Luminex, please visit us at luminexcorp.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements relating to Luminex’s business outlook for the first quarter, as well as other statements that refer to future plans and expectations, particularly around the development of products to address the novel coronavirus. Such statements involve a number of risks and uncertainties. Words such as “expect,” “believe,” “confident,” “unable,” “seem,” “would,” “should,” “could,” “can” and variations of such words and similar expressions are intended to identify forward-looking statements. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, and anticipated trends in our businesses or the markets relevant to them, also identify forward-looking statements. Such statements are based on management’s expectations as of the date they were first made and, except as required by law, Luminex disclaims any obligation to update these statements to reflect future events or circumstances. Forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from the company’s expectations include changes in market conditions, supply constraints and other disruptions, changes in capital requirements, and other factors set forth in Luminex’s most recent Annual Report on Form 10-K filed with the SEC and available at Luminex’s website at www.luminexcorp.com and the SEC’s website at sec.gov.

Investor Contact:
Harriss T. Currie
Sr. Vice President of Finance and CFO
hcurrie@luminexcorp.com
512-219-8020

Media Contact:
Michele Parisi
Bioscribe
mparisi@bioscribe.com
925-864-5028

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SOURCE Luminex Corporation