Scientific Digital Imaging sells to China's food and drug regulator

Scientific Digital Imaging on Friday said it sold 25 of its ProtoCOL 3 technology to the Chinese State Food and Drug Administration.

Scientific Digital Imaging on Friday said it sold 25 of its ProtoCOL 3 technology to the Chinese State Food and Drug Administration.

ProtoCOL 3 is colony counter, an instrument used to count colonies of bacteria and other microorganisms.

The government organisation paid $120,000 for the products to aid in vaccine and antibiotic testing at regional laboratories across China.

It is the largest order of colony counters this year which came via the company's distributor Hua Yue Enterprise Holdings. The firm sold 27 in Asia last year.

"Selling the ProtoCOL 3 systems to the Chinese equivalent of the [Food and Drug Administration] is a coup," Chairman of Scientific Digital Imaging, Ken Ford, said.

"Our technology was in a rigorous tender process against systems from 10 other US, European and Chinese companies so to come out on top is a boost, not just for our Synbiosis Division, but also for other life science firms in Cambridge's innovation hub."

Shares rose 2.44% to 21.00p at 11:22 Friday.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
James Ferguson: How bad data is driving fear of a second wave of Covid-19
UK Economy

James Ferguson: How bad data is driving fear of a second wave of Covid-19

Merryn and John talk to MoneyWeek regular James Ferguson about the rise in infections in coronavirus and what the data is really telling us.
17 Sep 2020