Oxfordshire's Hutano Diagnostics acquired by EDX Medical Group

By Stephen Emerson

27 October 2023

Share

The Business Magazine article image for: Oxfordshire's Hutano Diagnostics acquired by EDX Medical Group

ISTOCK

Cambridge digital clinical diagnostic outfit EDX Medical Group has bought Oxford health testing platform Hutano Diagnostics.

Founded in 2018, Hutano Diagnostics’ mission is to enable accurate and timely disease prognosis, diagnosis and management.

With a focus on improving the capabilities of lateral flow devices (LFDs), Hutano has developed a quantitative LFD platform, which translates the latest proteomics research into multiplex LFDs.

EDX Medical develops innovative digital diagnostic products and services, for the personalised treatment of cancer, heart disease and infectious diseases.

The acquisition will enable EDX Medical to expand its point-of-care testing capabilities with a range of tests capable of accurately measuring a combination of multiple disease markers on a single device within minutes.

Penningtons Manches Cooper advised Hutano Diagnostics on the sale.

The team was led by corporate partner Will Axtell, with support from senior associate Dominique Sabatini, associate Leo Shrimpton, and corporate tax partner Kathy Potter. The wider team included support from banking and finance partner John Chater, pensions senior associate Clare Coley, and data protection senior associate Nora Pook.

Hutano Diagnostics Ltd founder and CEO, Atherton Mutombwera, said: “Joining forces with EDX Medical Group PLC opens up a world of possibilities. It gives us access to the resources, expertise, and global reach necessary to usher in the age of digital point of care diagnostics. Will and the team at Penningtons Manches Cooper deserve a great thanks for their expertise and advice on this important transaction.”

Will Axtell, corporate partner at Penningtons Manches Cooper, said: “We are delighted to have advised Hutano Diagnostics on this important sale to EDX Medical, which will support the continued growth of products and services offered by both businesses.”

By Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.