Trinity Biotech Accelerates CGM+ Clinical Trials
John Gillard, CEO, commented: "These are some of the most important technical advancements to date in our CGM+ development program. The glucose measurement accuracy gains achieved by the incorporation of key components of our enhanced electronics architecture gives us strong conviction to accelerate into pivotal trials this year. The fact that these enhanced electronic components also underpin our innovative multi-modal sensing architecture gives us a valuable foundation from which we intend to deliver a truly differentiated device, CGM+, to key markets globally. Metabolic health problems sit at the center of the world's disease burden, with rising incidence of obesity, diabetes, hypertension, and related cardiometabolic disorders. In everyday life, metabolic health shapes how we perform, recover, and age. Key metabolic health factors include glucose levels, activity, sleep, and stress - metrics that are measurable and personalized. Using AI-native health monitoring, CGM+ is being designed to translate these metrics into powerful insights to support better metabolic health. Our innovation agenda is central to our growth ambitions at Trinity Biotech, and our latest results highlight our commitment to deliver industry-leading innovation, precision, and quality. We are excited with what we have achieved, and we are increasingly confident that CGM+ provides Trinity Biotech with the platform to deliver a significant step-change in the growth and scale of the company. We look forward to initiating a pivotal clinical trial and bringing this important solution to market." The Company has collected more than 650 days of clinical testing data across a number of trials on an updated glucose sensor architecture which has now been integrated with key next-generation electronic components. The updated system delivered a substantial improvement in glucose measurement accuracy across multi-day wear, achieving a material reduction in Mean Absolute Relative Difference compared to prior clinical studies of the upgraded glucose sensor. These results now provide strong evidence that the upgraded system can meet the industry standards for glucose measurement accuracy of modern CGMs. The new electronics also underpin CGM+'s multimodal data-capture capabilities, which are designed to support advanced, AI-driven analytical models. Utilizing this multimodal approach, the Company aims to position CGM+ not only as a glucose sensor, but as an important enabling platform for broader AI-enhanced digital health, with a particular focus on personalized metabolic health insights. The next-generation components are also critical to enabling the CGM+ device's user-friendly modular design which drives significant cost and sustainability benefits compared to current market leading CGMs. The cost of current CGM solutions remains one of the main barriers to broader adoption of this important technology. In addition, Trinity Biotech has conducted trials on an updated needle-free glucose sensor insertion process. This new insertion process is fundamental to the next-generation, user-friendly modular design and is yet another important milestone in confirming the technical viability of the updated device design. Based upon feedback from key stakeholders and given the strength of these recent clinical trial results, Trinity Biotech is now advancing the CGM+ program through the final design phase and anticipates initiating a pivotal clinical trial in 2026, targeting regulatory submissions in key global markets immediately thereafter.
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- Clinical Study Results: Trinity Biotech's EpiCapture prostate cancer test was evaluated in approximately 750 patient samples, demonstrating a clinical accuracy of 85%, indicating strong clinical utility in oncology diagnostics that can aid physicians in making more precise clinical decisions.
- Significant Market Potential: With U.S. national expenditures for prostate cancer care exceeding $20 billion annually, the launch of EpiCapture positions Trinity Biotech to enter the precision oncology diagnostics market, addressing growing market demand and driving future revenue growth for the company.
- Non-Invasive Testing Advantage: EpiCapture, as a urine liquid biopsy test, offers a simpler and non-invasive method for assessing high-grade prostate cancer risk compared to high-resolution MRI scans and needle biopsies, potentially attracting more patients to opt for this testing.
- Future Commercialization Plans: Trinity plans to commercialize EpiCapture as a proprietary Laboratory Developed Test (LDT) through a New York State Department of Health-certified diagnostic reference laboratory, which will expedite the rollout of precision oncology testing services across the U.S.
- Financing Agreement Details: Trinity Biotech has entered into a $25 million standby equity purchase agreement with an affiliate of Yorkville Advisors Global, allowing the company to sell newly issued American Depositary Shares over a 36-month period, aimed at supporting its commercialization and R&D initiatives.
- Pricing Mechanism: Under the agreement, shares issued will be priced at either 97% of the lowest daily volume-weighted average price during a three-day pricing period or 95% of the VWAP during a single-day pricing period, providing the company with flexible financing options to potentially lower costs.
- Market Reaction: Following the announcement of the agreement, Trinity Biotech's shares dipped slightly to $0.75 in pre-market trading, reflecting a cautious market sentiment regarding the financing arrangement while highlighting investor interest in the company's future prospects.
- Strategic Implications: This financing agreement not only provides essential funding for Trinity Biotech but also supports its commercialization efforts in areas such as HIV testing, further solidifying its market position in the biotechnology sector.

Investment Announcement: Trinity Biotech PLC has entered into a $25 million SEPA with an affiliate of Yorkville Advisors.
Financial Partnership: The agreement involves a financing partnership aimed at supporting Trinity Biotech's growth and operational needs.
- Compliance Notice: On February 19, 2026, Trinity Biotech received a notice indicating it no longer meets Nasdaq's minimum public float requirement of $15 million, which poses a risk to its continued listing on the exchange.
- Market Reaction: Despite the compliance issue, Trinity Biotech's stock price rose due to an order for 9 million TrinScreen HIV tests, reflecting market confidence in product demand and potentially alleviating investor concerns regarding compliance deficiencies.
- Rating Dynamics: Seeking Alpha's Quant Rating on Trinity Biotech reveals mixed market sentiment about its future performance; while compliance issues persist, the increase in orders may influence investor perceptions positively.
- Financial Disclosure: Financial information from Trinity Biotech indicates its market performance; despite compliance challenges, the expansion of its product line and growth in orders may provide financial support to help navigate current compliance pressures.
- Regulatory Milestone: Trinity Biotech has received local regulatory approval, marking the initiation of upstream manufacturing activities for its Uni-Gold™ HIV rapid test under a new outsourced production model, which is a key component of the company's comprehensive transformation plan.
- Cost Efficiency Improvement: The implementation of the offshore and outsourced production model is expected to significantly enhance gross margins and improve working capital efficiency, thereby strengthening the company's long-term competitiveness in the global HIV rapid testing market.
- Market Demand Support: This transition will not only meet the anticipated growth in demand for Uni-Gold™ HIV products but also provide the necessary scalability to ensure the company remains agile and responsive in a rapidly changing market environment.
- Strategic Transformation Plan: This approval complements the WHO authorization obtained in November 2025, demonstrating the company's strong commitment to executing its comprehensive transformation plan, which is expected to lay a solid foundation for future financial performance.
- Significant Stock Movement: Indaptus Therapeutics saw its stock decline 2.46% to $1.98 at close but surged 64.65% to $3.26 in after-hours trading, indicating strong investor confidence in its future potential.
- Financing Agreement: The company entered into a securities purchase agreement with investor David E. Lazar on December 22, 2025, selling 1 million shares of convertible preferred stock for $6 million, which is expected to provide financial support pending shareholder approval.
- Positive Market Reaction: Trinity Biotech's stock surged 43.50% to $1.28 after announcing a significant HIV testing order, reflecting market optimism regarding its financial stability and demand recovery.
- Pipeline Restart Approval: Sable Offshore's shares rose 36.32% to $10.36 following the U.S. Pipeline and Hazardous Materials Safety Administration's approval of the Las Flores Pipeline system restart plan, marking a critical step forward in the company's operational recovery.









