Back to top

Analyst Blog

Luminex Corporation (LMNX - Analyst Report) recently revealed that it won clearance from the FDA for its xTAG Gastrointestinal Pathogen Panel, which is a complete molecule-based diagnostic assay. It tests for over 90% of parasitic, bacterial and viral reasons for gastroenteritis in one assay. The xTAG Gastrointestinal Pathogen Panel has been commercialized in the U.S. It is believed that its use will permit better detection of pathogens.   

The xTAG Gastrointestinal Pathogen Panel is a complete multiplexed offering. The assay concurrently tests for as many as eleven of the most frequently occurring causes of gastroenteritis. The xTAG Gastrointestinal Pathogen Panel is able to provide outcomes in less than five hours. The assay is meant for the Luminex 100/200 system.

Earlier, Luminex accomplished the takeover of U.S.-based diagnostic testing company, GenturaDx on July 11, 2012. The GenturaDx deal is in line with Luminex’s strategy of pursuing acquisitions to drive growth. Its technology when combined with Luminex’s MultiCode chemistry will enable the company to develop user-friendly advanced products for its customers.

Luminex possesses an extensive product portfolio and a strong pipeline of novel assays, which are expected to support growth going ahead. The company is awaiting FDA approval for its NeoPlex4 assays to drive future growth. It may benefit from its latest acquisitions if it maintains integration synergies.

However, Luminex operates in a highly competitive life sciences industry. The company competes with Affymetrix (AFFX - Analyst Report), Life Technologies Corporation and Sequenom (SQNM - Snapshot Report), among others. Moreover, sluggish growth in its core markets as well as the ongoing European austerity measures are challenges faced by Luminex. We are currently Neutral on the stock, which carries a short-term rating of Zacks Rank #3 (Hold).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.18 +2.67%
THE PANTRY… PTRY 21.02 +2.09%
INTEL CP INTC 35.15 +1.88%
CLAYTON WIL… CWEI 117.30 +1.78%