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

Luminex Latest News

Google Fiber halts expansion plans as chief steps down

Email It's official: Luminex Corp. bought Nanosphere for $77 million. The Austin medical diagnostics company said Thursday it has completed its purchase of Nanosphere. Illinois-based Nanospehre makes diagnostic tools that allow for ...
Posted: October 25, 2016, 5:42 pm

LDI New Product: Luminex LumiSplit DMX/RDM Splitters

LumiSplit from Luminex is a range of DMX/RDM splitters, featuring new boosters that are now discoverable and configurable from any RDM controller. Designed with a robust housing with galvanic and optical isolation per outlet, and Neutrik PowerCon True1 ...
Posted: October 22, 2016, 12:34 pm

Brokerages Set Luminex Corp. (LMNX) Target Price at $22.80

Shares of Luminex Corp. (NASDAQ:LMNX) have been given an average rating of “Hold” by the seven analysts that are presently covering the firm. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company.
Posted: October 17, 2016, 12:16 am
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