Luminex Net Worth is$190 M Sales
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Company Name: Luminex Corporation
Company Type: Corporation
Location: Austin, Texas, United States,
Founded: 1995
Industry: Biotechnology
Products: xMAP, xTAG, MAGPIX, Luminex 100/200, FLEXMAP 3D
Homepage: []
Luminex Corporation (NASDAQ: LMNX) is a biotechnology company based in Austin, Texas, with offices in Australia, Toronto and the Netherlands. Luminex develops, manufactures and markets proprietary biological testing technologies with applications throughout the life-sciences industry. Patrick J. Balthrop, Sr. has served as Luminex's President and Chief Executive Officer since May, 2004. Luminex was recently recognized by Forbes magazine as one of the top 25 fastest growing technology companies in the US.
Luminex Corporation holds 79 patents, and over 200 pending patents based on its multiplexing xMAP platform. Luminex's proprietary multiplex bead-based immunoassay testing platform simultaneously measures multiple analytes by exciting a sample with a laser, and subsequently analyzing the wavelength of emitted light. Luminex's MAGPIX platform utilizes LED technology and digital photography to analyze,"color-coded magnetic microspheres". In 2008 Luminex's xTAG platform received FDA 510(k) clearance,the 43rd of Luminex's xMAP-based technology to receive FDA certification, which allows doctors to test for the presence of 12 respiratory viruses with a very high degree of accuracy in a matter of hours, and has been proven to provide an increase in accuracy over in-house nucleic acid amplification testing in the diagnosis of respiratory virus infections. Luminex's xTAG GPP (gastrointestinal pathogen panel) was granted a CE mark by the European Union in early 2011. Luminex is currently seeking regulatory approval for its GPP platform in the US and Canada.
In March, 2010 Luminex announced the acquisition of BSD Robotics based in Queensland, Australia and a collaboration and licensing agreement with Advanced Liquid Logic. Luminex expects this collaboration to result in new applications of its xMAP technology, as Advanced Liquid Logic has pioneered the application of digital microfluidics to the medical device industry.
In 2010 Luminex Corporation received the Prix Gal

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Luminex Latest News

Luminex Corporation : Declares Fourth Quarter Cash Dividend

At Luminex, our mission is to empower labs to obtain reliable, timely, and actionable answers, ultimately advancing health. We offer a wide range of solutions applicable in diverse markets including clinical diagnostics, pharmaceutical drug discovery ...
Posted: December 13, 2017, 1:14 pm

Latin America multiplex assays market is at the cusp of crossing USD 0.45 billion in 2021 according to new research report

Latin America Multiplex Assays Industry key players are Luminex Corporation, Thermo Fisher Scientific Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Abcam Plc, Becton, Dickinson and Company, Luminex Corporation, Meso Scale Diagnostics ...
Posted: December 13, 2017, 11:57 pm

Here's Why You Should Invest in Illumina (ILMN) Stock Now

Other top-ranked medical stocks are PetMed Express, Inc. PETS, Align Technology, Inc. ALGN and Luminex Corporation LMNX. Notably, PetMed and Align Technology sport a Zacks Rank #1 (Strong Buy), while Luminex carries a Zacks Rank #2. You can see the ...
Posted: December 15, 2017, 6:13 am
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