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Additional information
Additional Information
Market: TSE
Sector: Pharmaceuticals
Epic: RBM
News: Latest news
Web Site: Response Biomedical Corp
Other Articles: 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Response Biomedical Corp

Response Biomedical Corp

Response Biomedical develops, manufactures and markets rapid on-site diagnostic tests for use with its RAMP® Platform for clinical and environmental applications. RAMP® represents a new paradigm in diagnostics that provides high sensitivity and reliable information in minutes. It is ideally suited to both point of care testing and laboratory use.

Friday, March 12, 2010

Response Biomedical losses narrow as diagnostic tests sales gather pace

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Response Biomedical Corporation’s (TSX: RBM, OTCBB: RPBIF) revenues in 2009 climbed 69% to approximately $9.95 million as sales of its on-site diagnostic tests gathered momentum. Clinical products revenue for the year ended December 31, 2009 increased 85% to $6.8 million.


Net losses narrowed from US$13.6 million or 10 cents per share in 2008, to US$9.5 million or 4 cents per share in 2009.  At the end of 2009, Response Biomedical had US$7 million in working capital.


"2009 was the strongest revenue year in the history of the Company and we are poised to realize similar growth in 2010," said S. Wayne Kay, Chief Executive officer. "Our success in 2009 was driven in great part by our partners, Roche Diagnostics and 3M Health Care, as they continue to recognize achievements in the U.S. O&D Biotech, our distribution partner in China, was also a strong contributor to our overall growth in clinical products revenue in 2009 and Shionogi continued to show steady expansion in Japan."


Response Biomedical develops, manufactures and markets rapid on-site diagnostic tests for use with its RAMP(R) Platform for clinical and environmental applications.


Roche and 3M Health Care are both distributors for Response Biomedical.

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