earnings
confidence high
sentiment positive
materiality 0.75
VolitionRx submits Breakthrough Device request to FDA for Nu.Q sepsis test; H1 revenue exceeds full-year 2022
VOLITIONRX LTD
- Submitted Breakthrough Device Designation Request to FDA for Nu.Q technology in sepsis in June 2023.
- H1 2023 total revenue $366,000, exceeding full-year 2022 revenue; Nu.Q Vet sales grew five-fold.
- Cash $19.7M at June 30, 2023, vs $10.9M at 2022 year-end; raised $17.6M net in June public offering.
- Expects $13M in milestone payments from Heska and additional non-dilutive Belgian agency funding.
- Centers of Excellence for Nu.Q NETs progressing; first clinical paper submitted for peer review.