The instrument is to be delivered in June
Lumito's development partner TTP in Cambridge has informed that Lumito's instrument intended for validation in reference clinics is projected to be delivered in June, which is 6-8 weeks later than planned. The reason for the delay is the ongoing coronavirus pandemic and the fact that the UK has been in a state of lockdown for […]
Patent approved on the Korean market for tissue diagnostics. The patent is previously approved in Australia, China, South Africa, the US and Japan
Lumito's product offering comprises an instrument and staining reagents based on UCNPs (upconverting nanoparticles). The instrument is used to provide pathologists and biomedical analysts visual depictions of tissue samples as an input for making diagnosis. The tissue samples are stained using specific reagents to create imaging with higher contrast and thus improve the chance of […]
Lumito appoints product specialist
Lumito develops instruments and staining reagents for digital pathology. The Lumito team is now joined by a new recruit. Tim Nilsson will take up appointment in the company on 9 March. “We are very pleased to have Tim Nilsson on board. He has a highly relevant background; he holds a Master of Science in chemistry […]
Lumito AB Quarterly Report (1 October to 31 December) 2019
Financial overview of the fourth quarter, 1 October – 31 December 2019 Result after taxes amounted to kSEK -2,545 (-2,148). Basic and diluted earnings per share amounted to SEK -0.04 (-0.08). Cash flow from operating activities amounted to kSEK -3,145 (-2,148). Financial overview of the year as a whole, 1 January – 31 December […]
Status update regarding the completion of Lumito’s first product
The development of Lumito’s first product (instrument + staining reagent) in digital tissue diagnostics, for analyzing tissue sections stained with the company’s nano-based staining reagents, is entering its final stage prior to launch. The development of the actual instrument is proceeding according to plan, and the first instruments, which are intended for customer validation at […]
Andreas Johansson – the new CTO
Andreas Johansson will take over as CTO on January 13, 2020, taking the place of Anders Sjögren who held this position since spring 2017. Anders remains in Lumito's organisation as a senior adviser and will continue to contribute to the company's development. – I look forward to starting as Lumito’s CTO. This is an innovative, […]
First exercise window for Lumito warrants closes
On 29 November, Lumito AB (publ) (“Lumito”) ended the first exercise period for the Series 2 TO2 subscription warrant. The exercise rate was 72.3 percent, at an exercise price of SEK 1.45 per share. In total, 11,179,281 new shares have been subscribed during the now concluded first exercise period. Lumito is thus provided approximately MSEK […]
Lumito – winner in the poster competition and awarded with a presentation at the Digital Pathology & AI Congress in London
Lumito has been selected by the conference committee as the winner of the poster competition and has been awarded a 15 min presentation at the Digital Pathology & AI Congress in London on 5-6 December. Lumito will be presented to over 420 attendees and 35 exhibitors at the sold out meeting. Krzysztof Krawczyk, R&D Manager […]
Lumito’s main owner, CEO and a member of the board exercise their subscription warrants in full
During the first exercise window, Lumito's major shareholder, Cardeon Futuring Finance (40 percent of which is owned by Masoud Khayyami), Lumito's CEO, Stefan Nilsson, and member of the board Ulf Bladin have exercised all of their Series TO2 warrants to subscribe for shares in Lumito AB. In total, this amounts to 2,130,000 subscription warrants. After the […]
Important progress in product development – simultaneous staining in the same section, with high degree of detail
Lumito is developing a novel method for high-contrast imaging without background signal. The first application is developed for tissue diagnostics and digital pathology. In order to visualize cells containing Her2, which is a common marker in breast cancer diagnostics, Lumito is now presenting new images of breast tissues stained with the Company's Her2-UCNP reagent. Lumito's […]
