Sienna signs lease for new premises to facilitate execution of strategic goal to become an IVD Hub

08-Oct-2019
  • Sienna advances its plans to become a hub for IVD test development and commercialisation
  • New premises are located near CSIRO and the Monash Technology Precinct
  • New manufacturing facilities for SIEN-NETTM product line to be built

Melbourne, Australia, 08 October 2019: Sienna Cancer Diagnostics Ltd (ASX:SDX) (“Sienna” or “The Company”), a medical technology company developing and commercialising innovative IVD tests, is expanding its operations and moving to a new location adjacent to CSIRO and the Monash Technology Precinct.

Sienna’s new premises will contain office space, research and development laboratories, as well as a manufacturing suite and warehouse facility for the SIEN-NET product line which is currently in development.

Sienna CEO Matthew Hoskin said “This move represents a significant progression for the company. We will establish manufacturing for our cutting edge SIEN-NET technology, which is an important milestone. Additionally, we are preparing for the expansion of our development, manufacturing and commercialisation capabilities, in anticipation of bringing in new products as part of our technology expansion program. The move represents a key development in the implementation of our vision to become a hub for the development and launch of IVD tests from the university research bench to the global pathology market”.

The new location is ideally situated in the heart of a vibrant industry cluster in the south east region of Melbourne. This is a major centre of enterprise in the State and is known for its high tech industries and research facilities, including Monash University, the Monash Science Technology Research and Innovation Precinct, CSIRO and the Australian Synchrotron.

The move is expected to occur early in the new year, when construction of the new laboratory and manufacturing suites completes.

To see the announcement on the ASX website, click here



 
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