FDA clearance and launch of second generation instrument platform, eSensor XT-8, with Warfarin sensitivity test

CYP4F2 biomarker provides unique position in rapidly developing Warfarin testing market

Installed base of instruments growing and excellent customer feedback received on operational performance

US distribution agreement with Fisher Healthcare will accelerate revenue growth

Strong pipeline of tests to expand product menu in 2009

Development and supply agreement with QIAGEN for QIAplex-based respiratory viral molecular test

December 2008 share placing raises GBP6.9 million before expenses; rationalization program implemented to reduce cost base

Sufficient funding to support the business until July 2009

Strategic options and further funding alternatives under review

James White, chief executive, Osmetech plc, said:

“With FDA 510k clearance for our eSensor XT-8 platform achieved in 2008 and excellent product performance in the field, our focus is now on growing revenues by increasing our installed base of instruments and expanding our menu of tests.

“The commercial roll out of our platform continues to gather pace with a growing number of hospitals now using our platform. We have a strong pipeline of customer leads and we expect to accelerate market penetration through the considerable sales and marketing muscle of our newly appointed U.S. distributor, Fisher Healthcare.

“We are also broadening our test menu and are now able to offer Cystic Fibrosis, Warfarin and 2C9 tests with additional tests planned for later in 2009, including a Respiratory Pathogen Test Panel and Factor II, Factor V and MTHFR Tests. All of these tests will run on our eSensor XT-8 platform and will improve both patient care and the profitability of our customers’ laboratories.”