Advanced Liquid Logic, Inc. develops, manufactures, and markets complex bioassay workflow automation solutions for laboratories and clinics. The company uses its microfluidic technology that harnesses the electrowetting effect to precisely manipulate droplets within a sealed microfluidic cartridge. Its products include LSD-100 Lysosomal Storage Enzyme Analyzer, a bioassay automation platform for research use, which performs enzymatic activity assays on dried blood spot extracts; and Mondrian SP, a bench-top sample preparation system with digital microfluidics technology. The company was founded in 2004 and is based in Morrisville, North Carolina. As of July 1, 2013, Advanced Liquid Logic, In...
615 Davis Drive
Morrisville, NC 27560
Founded in 2004
GenMark Diagnostics, Inc. and Advanced Liquid Logic, Inc. Enter Collaboration Agreements to Develop an All-Digital Fully Integrated Diagnostic Platform
Jul 31 12
GenMark Diagnostics, Inc. and Advanced Liquid Logic, Inc. announced that they have executed definitive agreements pursuant to which GenMark and ALL will collaborate to develop an all-digital, fully integrated in-vitro diagnostic platform bringing together ALL's proprietary electro wetting technology and GenMark's proprietary electrochemical detection. The agreements follow from the Heads of Agreement entered into by GenMark and ALL on March 30, 2012. Under the terms of the Agreement, GenMark has established with ALL a collaborative program to develop in-vitro diagnostic products incorporating ALL's proprietary electro-wetting technology in conjunction with electrochemical detection. GenMark will pay ALL an upfront payment of $250,000, purchase approximately $1,000,000 in ALL preferred stock, and pay up to $1,750,000 in potential milestone payments. The milestone payments are contingent upon reaching certain development, approval and commercial launch events with a product incorporating ALL's proprietary electro-wetting technology. In addition, subject to meeting certain conditions, ALL will be the exclusive supplier of certain product components that incorporate ALL's proprietary electro-wetting technology.