Investing.com -- Trinity Biotech plc (NASDAQ:TRIB) stock gained 3.7% on Monday following the company’s announcement of regulatory clearances for its next-generation high-capacity HbA1c column system in multiple countries, including the United States.
The biotechnology company said its upgraded system for the Premier Hb9210 analyzer is now available in more than 10 countries, offering up to four times the testing capacity compared to the existing column system. The new technology enhances operational efficiency through increased column stability and reduced maintenance requirements, creating a more efficient workflow for clinical laboratories.
Trinity Biotech’s next-generation system is designed to strengthen the company’s position in the global laboratory HbA1c market, which is currently estimated to be worth over $2 billion annually and projected to exceed $3.5 billion by 2030. The growth is primarily driven by the increasing prevalence of diabetes.
"Launching this advanced system in key markets, including the U.S., positions Trinity Biotech to capture further growth opportunities in the global diabetes care segment," said John Gillard, CEO and President of Trinity Biotech. "The combination of higher capacity, reduced downtime, and automation creates a compelling value proposition for laboratories, and we expect strong adoption in key markets to drive long-term shareholder value."
The company’s Premier Hb9210 solution continues to be recognized as a gold standard in HbA1c testing, with peer-reviewed studies confirming its clinical performance. Trinity Biotech is working with customers and regulatory authorities to expand availability into additional countries.
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