Connect with us

Technology

Accelerate Diagnostics Announces FDA Clearance of its Accelerate Arc™ System

Published

on

An automated platform designed to fight against Sepsis and Antimicrobial Resistance (AMR)

Enables rapid, automated microbial identification on the Bruker MALDI Biotyper® CA System directly from positive blood culture samples

TUCSON, Ariz., Sept. 30, 2024 /PRNewswire/ — Accelerate Diagnostics, Inc. (NASDAQ: AXDX), an innovator of rapid in vitro diagnostics, announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance of the Accelerate Arc system and BC kit, an innovative, automated positive blood culture sample preparation platform, for use with Bruker’s MALDI Biotyper® CA  System (MBT-CA System) and MBT-CA Sepsityper® software extension.

Designed for clinical laboratories, the Accelerate Arc system has a simple workflow that automates positive blood culture sample preparation for direct downstream microbial identification (ID) using Bruker’s MBT-CA system. This eliminates the need for overnight culture methods, reducing the wait time for microbial ID results, which is critical in the fight against sepsis.

The Accelerate Arc system is designed to leverage the breadth of the Bruker MBT-CA reference library to provide rapid ID. This, in conjunction with our future rapid phenotypic antibiotic susceptibility testing (AST) innovation, the Accelerate WAVE™ system1, can enable same shift reporting to Antimicrobial Stewardship teams and clinicians alike. By providing clinicians with rapid ID and AST results, clinicians can get the patient on the optimal antibiotic therapy many hours sooner, which has been shown to improve patient outcomes with Sepsis, reduce antimicrobial resistance rates and hospital costs.

The Accelerate Arc system is also designed to supplant both overnight subculture as well as laborious Laboratory Developed Test (LDT) sample preparation methods. Clinical laboratories are under pressure to run FDA-cleared devices due to increased legislation and enforcement associated with the use of LDTs. Accordingly, such laboratories can now utilize the Accelerate Arc system as an automated, FDA-cleared system.

“The FDA Clearance of the Accelerate Arc system marks the beginning of an exciting journey in our broader innovation roadmap. Together with the Accelerate WAVE™ system1 we are positioned to empower laboratories to deliver faster, more actionable results to clinicians, ultimately enhancing patient care and outcomes.” said Jack Phillips, President and CEO of Accelerate Diagnostics.

About Accelerate Diagnostics, Inc. (Nasdaq: AXDX)

Accelerate Diagnostics, Inc. is an in vitro diagnostics company dedicated to providing solutions for the global challenges of antibiotic resistance and sepsis. In addition to the Accelerate Arc system, the Accelerate Pheno system and Accelerate PhenoTest® BC kit combine several technologies aimed at reducing the time clinicians must wait to determine the most optimal antibiotic therapy for deadly infections. The FDA-cleared Accelerate Pheno system and Accelerate PhenoTest BC kit fully automate sample preparation, identification and phenotypic antibiotic susceptibility testing in approximately seven hours directly from positive blood cultures. Recent external studies indicate the solution offers results 1–2 days faster than existing methods, enabling clinicians to optimize antibiotic selection and dosage specific to the individual patient days earlier.

© Copyright 2024 Accelerate Diagnostics, Inc. All Rights Reserved. The “ACCELERATE DIAGNOSTICS,” “ACCELERATE PHENO,” “ACCELERATE PHENOTEST,” “ACCELERATE ARC” and “ACCELERATE WAVE” diamond shaped logos and marks are trademarks or registered trademarks of Accelerate Diagnostics, Inc. All other trademarks are the property of their respective owners.

For more information about the company, its products and technology, or recent publications, visit axdx.com.

Forward-Looking Statements

Certain of the statements made in this press release are forward-looking or may have forward-looking implications within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements, which can be identified by the use of words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” or “continue,” or variations thereon or comparable terminology, include but are not limited to, statements about: expectations regarding the potential or benefits of Accelerate Diagnostics’ products and technologies, including the Accelerate Arc system, such as the anticipated benefits to hospitals, patients, and laboratories, as well as the expectation that the Accelerate Arc system will eliminate the need for overnight culture methods and reduce the wait time for microbial identification results; expectations regarding new or planned products and technologies, including the anticipated timing of any releases, such as with respect to the Accelerate WAVE system currently under development; and intentions and plans relating to regulatory approvals or submission, including with respect to the FDA. Actual results or developments may differ materially from those projected or implied in these forward-looking statements due to significant risks and uncertainties, including, but not limited to: volatility throughout the global economy and the related impacts to the businesses of the company’s suppliers and customers, whether due to customer demand fluctuations, supply chain constraints and inflationary pressures or otherwise; difficulties in resolving the company’s continuing financial condition and ability to obtain additional capital to meet its financial obligations; the company’s ability to obtain any regulatory approvals; and less than expected operating and financial benefits resulting from cost cutting measures. Other important factors that could cause the company’s actual results to differ materially from those in its forward-looking statements include those discussed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors” sections of the company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings with the SEC. These forward-looking statements are also based on certain additional assumptions, including, but not limited to, that the company will retain key management personnel; the company will be successful in the commercialization of its products; the company will obtain sufficient capital to commercialize its products and continue development of complementary products; the company will be successful in obtaining marketing authorization for its products from the FDA and other regulatory agencies and governing bodies; the company will be able to protect its intellectual property; the company’s ability to respond effectively to technological change; the company’s ability to accurately anticipate market demand for its products; and that there will be no material adverse change in the company’s operations or business and general market and industry conditions. Except as required by federal securities laws, the company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other contingencies. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the company’s plans and expectations as of any subsequent date.

1 The Accelerate WAVETM system is currently in clinical trials in preparation for FDA 510(k) submission with a target time-to-result of 4.5-hours, on average.

View original content to download multimedia:https://www.prnewswire.com/news-releases/accelerate-diagnostics-announces-fda-clearance-of-its-accelerate-arc-system-302262075.html

SOURCE Accelerate Diagnostics, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Virginia Ranked Top 10 in U.S. for Venture Capital Investment by National Venture Capital Association – Virginia’s Highest Ranking in Over 15 Years

Published

on

By

$2.5 Billion of Venture Capital Investment Poured into Virginia in 2023

RICHMOND, Va., Sept. 30, 2024 /PRNewswire/ — The Virginia Innovation Partnership Corporation (VIPC) hosted the President of the National Venture Capital Association (NVCA), VIPC Board members, and local ecosystem stakeholder leaders at Amazon Visitors Landing at Amazon HQ2 in Arlington, Virginia to celebrate Virginia’s top 10 national ranking for venture capital investment activity during 2023, as reported by Pitchbook-NVCA’s latest Venture Monitor industry data. NVCA reported approximately $2.5 billion of venture capital investment activity during 2023 in Virginia, ranking Virginia the 8th highest state in the country and ahead of other states such as Illinois, Pennsylvania, Maryland, New Jersey, North Carolina, Tennessee, Georgia, Delaware, and Ohio. This is Virginia’s highest venture capital national ranking, and the first time Virginia has climbed back into the top 10, in over 15 years according to Pitchbook/NVCA reported data.

Virginia Nationally Ranked In The TOP 10 for Venture Capital Investments

A theme at the VIPC hosted event was Virginia cultivating a culture of growth, opportunity, and collaboration that is contributing to a thriving business environment for entrepreneurs, innovators, startups, businesses, and investors. Virginia’s top 10 national ranking for venture capital investment also coincides with Governor Glenn Youngkin recently announcing Virginia being ranked #1 Top State for Business in America by CNBC and Virginia realizing a record 10,000 new high-growth startups launched in the Commonwealth over just the past two years. 

The President of NVCA delivered a keynote address at the event which was attended by Virginia Secretary of Commerce Caren Merrick, State Senator Saddam Azlan Salim, and local stakeholder leaders representing Arlington, Alexandria, Fairfax county economic development authorities; Northern Virginia Black Chamber of Commerce; George Mason University and Virginia Tech Innovation Campus; the Commonwealth of Virginia; and the entrepreneur startup and venture capital community.

VIPC President and CEO, Joe Benevento, remarked, “Virginia’s top 10 national ranking demonstrates how dynamic high-growth companies in Virginia are offering VCs from across the country compelling opportunities to deploy capital. Capital fuels growth and VIPC looks forward to fostering continued private sector engagement and investment within our thriving entrepreneur ecosystems, including through our new Virginia Invests venture capital partnership initiative.”

Bobby Franklin, President and CEO of NVCA, commented, “Virginia is asserting itself as a key leader in the venture capital industry. The Commonwealth is not only competing but outpacing other states in attracting investment, thanks to its supportive innovation landscape and growing pipeline of startups.”

VIPC & Virginia Invests

VIPC is Virginia’s statewide economic development authority for advancing innovation, technology, commercialization, entrepreneurship, startups, and venture capital investment. Since 2004, VIPC has helped catalyze and leverage over $2 billion of cumulative investment capital from the private/public sector which has supported Virginia-based early-stage companies, technology commercialization, and innovation ecosystems.

In May 2024, VIPC launched a new venture capital partnership initiative called Virginia Invests, which is designed to expand access to early-stage capital and catalyze investment from both in-state and out-of-state investment fund networks into Virginia-based startups.  VIPC has initially partnered with seven venture capital fund managers who combined have committed to invest at least $100 million in Virginia-based startup companies as well as participate in a number of local entrepreneur ecosystem events and engagements throughout Virginia over the next five years.  Two of these fund managers have also relocated their headquarters, or plan to expand new offices, in Virginia.  VIPC expects Virginia Invests to attract at least $10 of private sector investment for every $1 committed by VIPC (10:1 leverage).

VIPC’s Virginia Venture Partners Managing Director, Tom Weithman, stated, “Our top 10 national ranking by NVCA is a testament to Virginia’s sustained commitment to a robust innovation and technology landscape which supports the next generation of great companies to launch, grow, and scale here in the Commonwealth.” 

Learn More about VC opportunities and VIPC: www.VIPC.org.

About Virginia Innovation Partnership Corporation (VIPC)
Connecting innovators with opportunities. VIPC operates as the nonprofit corporation on behalf of the Virginia Innovation Partnership Authority (VIPA). VIPA / VIPC is Virginia’s designated authority for leading innovation and economic development in the Commonwealth of Virginia through research, commercialization, and technology advancement; entrepreneurship, startup, and venture capital growth; and regional ecosystem, innovation network, and industry sector expansion. As part of its operations, VIPC helps attract and catalyze private investment into early-stage startup companies, provides research and technology commercialization grants to universities and entrepreneurs, and offers resource and funding support for entrepreneurial ecosystems, innovation networks, and public-private partnerships at local, state, and federal levelsVIPC’s programs include: Virginia Invests | Virginia Venture Partners (VVP) | Commonwealth Commercialization Fund (CCF) | Entrepreneurial Ecosystems Development | Regional Innovation Fund (RIF) | Smart Communities | The Virginia Smart Community Testbed | The Virginia Unmanned Systems Center | Virginia Advanced Air Mobility Alliance (VAAMA) | The Public Safety Innovation Center (PSIC) | Federal Funding Assistance Program (FFAP) for SBIR & STTR | University Partnerships | Startup Company Mentoring & Engagement.

For more information, please visit www.VIPC.org. Explore the latest news from VIPC and images from VIPC-supported stakeholder events. Follow VIPC on FacebookX, and LinkedIn.

Contact
Angela Costello
VIPC, VP of Communications & Marketing
Angela.Costello@VirginiaIPC.org
757-870-6848

View original content to download multimedia:https://www.prnewswire.com/news-releases/virginia-ranked-top-10-in-us-for-venture-capital-investment-by-national-venture-capital-association–virginias-highest-ranking-in-over-15-years-302262894.html

SOURCE VIPC

Continue Reading

Technology

NAPEO ELECTS THREE NEW OFFICERS, SIX NEW MEMBERS TO BOARD OF DIRECTORS

Published

on

By

ALEXANDRIA, Va., Sept. 30, 2024 /PRNewswire/ — The National Association of Professional Employer Organizations (NAPEO) elected three new officers and six new board members to its Board of Directors during its annual member meeting this month.

The board’s new chair is David Feinberg, senior vice president of risk and insurance programs for New York City-based Justworks. Bill Maness, founder and CEO of Wichita, Kansas-based Syndeo Outsourcing, was elected as the board’s new vice chair, and Tara Conger of Chandler, Arizona-based Vensure Employer Services was elected the board’s new secretary/treasurer.

NAPEO also announced six new industry leaders elected to serve as directors on the association’s board for the 2024-25 term:

Eric Foster, managing principal and chief risk officer of Jacksonville, Florida-based PEO Velocity by Compass/PRMAngela Hoch, executive vice president of Lakewood, New Jersey-based Hexagon HRMelissa Kelly, senior director of government relations of Roseland, New Jersey-based ADP TotalSourceJulie Long, chief financial officer of Greenwood, Indiana-based Tilson HRChad Parodi, managing director of insurance and PEO of Rochester, New York-based PaychexSteve Scott, president and chief operating officer of Hollywood, Florida-based Engage PEO

“Each of these leaders bring expertise, experience and passion for our industry that will make our Board of Directors and our association even stronger,” said NAPEO President and CEO Casey Clark. “I am eager to work with our new and returning board members in our ongoing efforts to support and advance the PEO industry and the small and mid-size businesses we support across the country.”

About NAPEO
The National Association of Professional Employer Organizations (NAPEO) is The Voice of the PEO Industry™. NAPEO’s 219 PEO members provide payroll, benefits, workers’ comp, regulatory compliance assistance, and other HR services to more than 200,000 small and mid-size businesses employing 4.5 million people. Our members account for more than 90 percent of the industry’s $358 billion in revenue. An additional 216 companies that provide services to PEOs are associate members of NAPEO. For more information, please visit www.napeo.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/napeo-elects-three-new-officers-six-new-members-to-board-of-directors-302262899.html

SOURCE National Association of Professional Employer Organizations (NAPEO)

Continue Reading

Technology

Paradise Mobile Awarded Fastest Mobile Network in Bermuda by Ookla

Published

on

By

HAMILTON, Bermuda, Sept. 30, 2024 /PRNewswire/ — Ookla®, a global leader in connectivity intelligence and network insights, has named Paradise Mobile the Fastest Mobile Network in Bermuda for Q1–Q2 2024. To determine this award, Ookla analyzed consumer-initiated tests taken on Speedtest® using modern devices across all major operators in the country. The results of the analysis by Ookla confirms that Paradise Mobile achieved the fastest overall mobile speeds in Bermuda during the time period. 

Sam Tabbara, CEO, Paradise Mobile, says: “We are thrilled to be recognized as the fastest network in Bermuda by Ookla. This award is a testament to our team’s unwavering commitment to delivering cutting-edge connectivity and exceptional service to our customers. As Bermuda’s newest network, our mission has always been to set a new standard for mobile communications on the Island, and this achievement confirms that we are on the right path. We will continue to innovate and invest in our network to ensure our customers enjoy the best mobile experience possible, now and in the future.”

“We are honored to present Paradise Mobile with Ookla’s Speedtest Award for Fastest Mobile Network in Bermuda for Q1-Q2 2024,” said Stephen Bye, President and CEO of Ookla, a division of Ziff Davis. “This prestigious accolade signifies the dedication and investment Paradise Mobile has made in delivering industry leading mobile connectivity to its users, and our rigorous testing methodology ensures that this award is an objective testament to their outstanding performance in the industry.”

The Speedtest Awards for top providers in speed are determined using a Speed Score™ that incorporates a measure of each provider’s download and upload speed to rank network speed performance. Tests used to calculate the Speed Score exclusively come from “modern devices,” which are devices capable of connecting to the market’s fastest generally available technology. The results place Paradise Mobile with a Speed Score 80.89% better than their closest competitor.

About Paradise Mobile

Paradise Mobile is an emerging leader in the telecom industry, known for its customer-centric approach and innovative solutions. Aimed at offering a hassle-free mobile experience, Paradise Mobile is continuously evolving to meet the ever-changing needs of its customers. To learn more, visit www.paradisemobile.com.

Press Contact:
Mikaela Pearman
Paradise Mobile
4415371889

Photo – https://mma.prnewswire.com/media/2519384/Paradise_Mobile.jpg

View original content:https://www.prnewswire.co.uk/news-releases/paradise-mobile-awarded-fastest-mobile-network-in-bermuda-by-ookla-302262916.html

Continue Reading

Trending