SQD Merrill Lynch

EDISON EQUITY RESEARCH:SQI DIAGNOSTICS - TAPPING INTO CONSIDERABLE MARKET OPPORTUNITIES

SQI has made steady progress over recent months in signing new agreements with drug development companies in its high-volume assay business. Encouragingly, service revenues are now booked for custom-made tests early on in development, albeit at modest levels. While the conversion of customers from early contract work/validation to meaningful revenue-generating accounts is slower than expected, industry interest continues to grow steadily for SQI’s multiplexing technology capabilities, as does its pipeline of potential customers.

SQI Diagnostics is a Canadian diagnostics company. It develops and sells multiplexed research diagnostics to pharmaceutical companies to support clinical research and in vitro diagnostics tests to centralised diagnostics labs for diagnosing autoimmune diseases.

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