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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Dian Diagnostics Group Co Ltd    300244   CNE1000015N1

DIAN DIAGNOSTICS GROUP CO LTD (300244)
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Dian Diagnostics : Metabolon and DIAN Open New Metabolomics Laboratory in China

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03/28/2018 | 04:17pm CEST

(GlobeNewswire) - Metabolon, Inc., the global leader in metabolomics, announced today that its joint metabolomics laboratory with Zhejiang Dian Diagnostics Co., Ltd. (DIAN), one of Chinas largest chains of independent medical laboratories, has achieved full validation in running Metabolons proprietary metabolomics platform. The joint laboratory is located in Hangzhou and has started processing client samples under an exclusive licensing agreement with Metabolon announced in February 2017. Hangzhou Calibra Diagnostics Co., Ltd. (Calibra), a majority-owned subsidiary of DIAN, will be the exclusive partner for providing Metabolons metabolomics services and commercializing its technology in China.

Launching our global metabolomics platform in China allows us to better serve current and future customers in this significant, growing market, said Metabolon CEO John Ryals, PhD. Calibra has done an outstanding job establishing the laboratory, validating the platform and preparing its marketing team for this day. We look forward to a successful relationship as they expand our service offerings for research applications in clinical research, health management, traditional Chinese medicine, pharmaceuticals, consumer goods and agriculture, as well as supporting large-cohort population studies throughout the Chinese market.

"Calibra is pleased to exclusively offer Metabolons technology in China, and I am confident that our collaboration is going to open many new opportunities to help advance metabolomics applications in this market, said Hua-fen Liu, Calibra CEO.

Metabolons technology screens the largest, most diverse metabolite reference library in the industry and leverages proprietary software and biochemistry expertise to deliver the most accurate and comprehensive metabolomics data. This data can be used by life sciences researchers to gain actionable biological insight and understand genomic and other -omics data.

About MetabolomicsMetabolomics is the study of small molecules called metabolites and is a powerful phenotyping technology for life sciences research and precision medicine. It measures changes in metabolite levels and maps them to the appropriate biochemical pathways to give researchers and clinicians a better understanding of health and the influences of genes, microbiome, diet, lifestyle and drug treatment.

About CalibraHangzhou Calibra Diagnostics is a subsidiary company of DIAN Diagnostics, a leading clinical diagnostic total solution provider in China. Calibra focuses on the application and product development of a variety of mass spectrometry technology platforms in life sciences, environmental sciences, and other fields. Calibra currently has four central laboratories and leverages DIANs diagnostic network across the country, providing a total solution including service and product development for clinical diagnostics, metabolomics research, Pharma CRO, and forensic toxicology testing.

About MetabolonMetabolon, Inc. is the worlds leading health technology company advancing metabolomics for precision medicine and all areas of life sciences research. Its Precision Metabolomics is a powerful, patented technology for assessing health and delivering biomarker discoveries, innovative diagnostic tests, and valuable data for genomics and population health initiatives. Metabolons expertise is also accelerating research and product development across the pharmaceutical, biotechnology, consumer products, agriculture and nutrition industries, as well as academic and government organizations. The company was founded in 2000 and is based in Research Triangle Park, North Carolina. For more information, please visit www.metabolon.com or follow us on LinkedIn or Twitter.

Cautionary Note about Forward-Looking StatementsThe materials provided herein that are not historical facts are or might constitute projections and other forward-looking statements regarding future events that involve substantial risks, uncertainties and assumptions. If any of these risks or uncertainties materialize, or if any of these assumptions prove to be incorrect, Metabolons results could differ materially from the results expressed or implied by any forward-looking statements. The risks, uncertainties and assumptions referred to above include, but are not limited to: the uncertainties inherent in biochemical research and development; decisions by regulatory authorities regarding whether and when to approve diagnostic tests; the clinical utility of Metabolons metabolomic services; Metabolons and its distributors ability to successfully commercialize and market both new and existing products; governmental laws and regulations affecting health care, including access, pricing and reimbursement of diagnostic tests; the strength of Metabolons intellectual property portfolio; Metabolons history of operating losses; whether Metabolon is able to achieve or sustain profitability; its highly competitive industry; its ability to compete effectively; security and privacy risks; and Metabolons ability to continue to innovate and provide products and services that are useful to its clients, among other risks, uncertainties and assumptions.

Contact:

Robin Fastenau

Vice President, Corporate Communications & Investor Relations

Metabolon, Inc.

919.595.2201

(c) 2003-2018 SudanTribune - All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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03/28DIAN DIAGNOSTICS : Metabolon and DIAN Open New Metabolomics Laboratory in China
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Financials (CNY)
Sales 2018 6 485 M
EBIT 2018 764 M
Net income 2018 432 M
Debt 2018 -
Yield 2018 0,26%
P/E ratio 2018 20,22
P/E ratio 2019 15,65
Capi. / Sales 2018 1,34x
Capi. / Sales 2019 1,04x
Capitalization 8 691 M
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 27,0  CNY
Spread / Average Target 70%
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NameTitle
Hai Bin Chen Chairman & General Manager
Xiu Li Cheng Chairman-Supervisory Board
Li Jun Shen Chief Financial Officer & Deputy General Manager
Min Xu Director
Qi Yu Chen Director