Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Tech firm narrows losses amid development drive
The Journal
|May 01, 2025
TYNESIDE health tech firm QuantuMDx has narrowed its losses as it works on releasing a new version of its pioneering diagnostic device.
The Newcastle company develops medical testing equipment in the form of handheld device Q-POC, which aims to provide diagnoses for a range of illnesses within minutes, particularly in poorer countries where there is less access to hospitals and laboratories.
The business - which has previously received investment from Bill Gates and his wife - last year paused production of its flagship product to focus on development of a revamped version, as well as developing new tests which it will carry out.
The life sciences and diagnostics developer, which also has subsidiaries in the US and Singapore, saw revenues fall from £1.7m in the 12 months to March 31 2024, to £346,000 in the nine months ended December 31 2024, but its operating losses narrowed considerably, from £11.3m to £5.96m. The overall loss narrowed from £11.3m to £7.2m.
This story is from the May 01, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
We can't expect any gifts from Villans - Le Bris
REGIS Le Bris still feels Sunderland will need to play their best football to get a positive result against Aston Villa, despite their opponents’ poor start to the season.
2 mins
September 20, 2025
The Journal
Man accused of knocking reveller out at local pub
A MAN has appeared in court accused of knocking a reveller out at a well-known Tyneside pub.
1 min
September 20, 2025
The Journal
STOCKING THRILLER
But you don't need to wait until Christmas time to enjoy this festive-themed mystery from author Robin Stevens
1 min
September 20, 2025
The Journal
Operator confirms changes to train services
CROSSCOUNTRY is to make changes to its train timetable in December, with Newcastle Central Station set to be boosted with additional services.
1 min
September 20, 2025
The Journal
Crash driver appears in court
A driver has appeared in court accused of causing a motorcyclist serious injuries after a crash in North Tyneside.
1 min
September 20, 2025
The Journal
Hyacinths inside out
GROW DISPLAYS TO DAZZLE ON TABLES THEN BORDERS
2 mins
September 20, 2025
The Journal
Mental health tech tools helping to rehabilitate offenders
MENTAL health tech innovator XR Therapeutics has adapted its tools for use with people convicted of serious offences.
2 mins
September 20, 2025
The Journal
Pay increases are branded 'obscene'
COUNCILLORS in North Tyneside have voted through a set of pay rises for themselves, which have been branded “obscene” by opponents.
2 mins
September 20, 2025
The Journal
Drunk boyfriend punched partner in the face
A DRUNK boyfriend left his partner with cuts to her lip and loose teeth after punching her in the face.
1 min
September 20, 2025
The Journal
Bates calls for focus as Bay look to progress
FA VASE
2 mins
September 20, 2025
Listen
Translate
Change font size