Quotient (QTNT) Reports Q3 Loss of $0.48

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Quotient Limited Reports Third Quarter Fiscal 2016 Financial Results

February 8, 2016 7:45 AM EST

Considerable progress on development and commercial scale-up of MosaiQ, Quotients next-generation automation platform for transfusion diagnosticsMarketing of MosaiQ expected to start in the fourth quarter of 2016 in Europe with U.S. commercial launch anticipated in the first quarter of 2018, if licensed for saleProduct sales of $4.4 million in 3QFY16, exceeding guidanceIn January, announced MosaiQ platform will be expanded to include Nucleic Acid Testing (or NAT)Priced an underwritten public offering of 4.4 million ordinary shares expected to raise net proceeds of $36.9... More