OMEGA Diagnostics has hired Axis-Shield managing director Colin King to be its new chief operating officer.
Mr King has been with Dundee-based Axis-Shield since 1995 working in a number of areas including project management, operations, planning and supply chain.
The 46-year-old will start at AIM-listed Omega, which has its headquarters in Alva, Clackmannanshire, in early August.
Andrew Shepherd, Omega chief executive, said: "[Colin] brings a wealth of relevant industry experience and his depth of knowledge of the in-vitro diagnostics sector will further strengthen the Omega board."
In a research note analysts at Edison predict Omega is on course to report a rise in pre-tax profits from £1.1m to £1.4m for the 12 months to the end of March this year.
The analysts said they were encouraged by a recent update on Omega's long-awaited HIV monitoring product, which is called Visitect.
However Edison is assuming the test, which can give information on when someone needs to get retroviral drug treatment more quickly than current solutions, will not be ready for commercial sale in the current financial year.
Edison said that if Visitect and a separate array of allergen products are ready for the 2017 financial year "Omega should enter a sustained growth phase". It predicted uptake of Visitect could "be very rapid".
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article