Redeye Diagnostics September 2022

Innovative and efficient diagnostics

ADDRESSING HIGH-VALUE MARKETS

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Efficient diagnostics for better treatment decisions

The growing diagnostic market puts increasing pressure on laboratories. Still, many of the existing, clinically relevant biomarkers are only available on slow and inefficient platforms.

By converting biomarkers to the most efficient automated, high-throughput analysers, Gentian contributes to saving costs and protecting life.

Gentian Diagnostics develops and supplies innovative and efficient reagents for the clinical diagnostics market

Gentian serves the global market for human and veterinary clinical diagnostic tests
Expertise and focus within immunochemistry, specifically in the disease areas infection, inflammation, kidney failure and congestive heart failure
Gentian's innovative and efficient reagents can be used on all major clinical chemistry analysers, meaning no extra investments is required by the customer
Sales mainly through global commercial partners, which are serving the laboratories being the end users
4 established products, 2 products in market development, 1 in product development and 3 projects in exploration and 'proof of concept'

Founded 2001

Employees

>50

Revenue 2021 NOK 100m Up 27% Oslo listing OSE: GENT Market cap ~NOK 0.6bn

Portfolio of high-impact tests provides solid growth opportunity

**7* tests contributing to saving costs and protecting life**

Ambition to bring a steady stream of high-impact diagnostic tests to market

Annual revenue ambition of NOK 1bn in 4-6 years**

USD 1.3bn serviceable market with 8-9% annual growth

Industry leading team and knowhow

Team with proven trackrecord and industry expertise

~27% average annual revenue growth 2018-21

2 'blockbuster' tests in market and product development

How Gentian contributes to efficient diagnostics for better treatment decisions

The industry challenge

A growing diagnostics market puts increasing pressure on clinical laboratory efficiency

Many of the existing, but clinically relevant biomarkers are available only on slow and inefficient platforms

Hours from initiation of analysis to results

Gentian's solution

Particle-enhanced turbidimetric immunoassays (PETIA) based on proprietary nanoparticle technology and knowhow

Converting existing biomarkers to the most efficient automated, high-throughput analysers

10 minutes from initiation of analysis to results

3-10x higher throughput significantly improves laboratory productivity and costefficiency

Early disease detection and faster availability of clinically relevant information leads to better treatment decisions

Products targeting large and growing disease groups

DISEASE GROUP	PRODUCT	APPLICATION	ATTRACTIVE CLINICAL BENEFITS
Kidney disease	Cystatin C	Early detection of reduced kidney function	Preventing severe kidney failure
Inflammation & infection	fCAL	Fast diagnosis of inflammatory bowel disease	Reducing time-consuming and costly colonoscopy
	GCAL	Early detection of severe infections, including sepsis	Reducing chance of fatality and treatment costs
	SARS-CoV-2 Ab	Measuring COVID-19 immunity	Supporting community management
	Canine CRP	Early detection and diagnosis of inflammation in dogs	High relevance of results due to dog specific CRP
Cardiac	NT-proBNP	Diagnosis, monitoring and assessment of congestive heart failure	Contributing to standardization of NT-proBNP assays
Pancreas	fPELA	Diagnosis of pancreatic elastase insufficiency in combination with fCAL	Reducing time-consuming and costly colonoscopy

USD 1.3bn global serviceable market estimated to grow by 8-9% annually next 4-6 years

	Total Addressable Market, USDbn	Total Serviceable Market, USDm	Target market share, unrisked	Gentian's revenue take	Serviceable Market annual growth rate, next 4-6 years
Established products	1.5	180	~25%	30-50%	5-10%
GCAL	2.0	300	~15%	30-50%	15%
NT-proBNP	1.6	800	~15%	30-50%	5-8%
SARS-CoV-2 Ab	2.0	20	~25%	50%	n.m.
Total	7.1	1,300	15-20%	30-50%	8-9%