- Underpins the Company's ambitions to expand its commercialisation activities and advance its innovation agenda
DUBLIN, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Trinity Biotech plc (NASDAQ:TRIB), a commercial-stage biotechnology company focused on human diagnostics and diabetes management solutions, including wearable biosensors, today announced that it has entered into a $25 million Standby Equity Purchase Agreement ("SEPA") with an affiliate of financing partner Yorkville Advisors Global ("Yorkville"). The agreement provides Trinity Biotech with an additional funding tool designed to augment the Company's commercialisation initiatives and to support its high‑potential R&D programs.
John Gillard, Trinity Biotech President & Chief Executive Officer, commented:
"Our key strategic objectives at Trinity Biotech are to grow our existing business profitably and to advance our exciting innovation agenda, including our flagship development CGM+. This financing agreement provides us with significant additional capability to progress these objectives."
In the trailing 12-month period ended September 30, 2025, Trinity Biotech reported revenues of $48.6 million. Recent commercial momentum has been driven in part by renewed strength in global HIV testing demand, reflecting both stronger Uni-Gold™ revenues and resumed TrinScreen production under the Company's WHO-approved manufacturing model. The Company expects continued operational and financial progress into 2026 as international procurement activity for HIV testing normalises and as operational efficiencies under its Comprehensive Transformation Plan further enhance margin performance.
CGM+ is Trinity Biotech's next-generation continuous glucose monitoring platform and is currently in the later stages of device development. In August 2025, the Company released breakthrough trial results on its redesigned proprietary needle-free glucose sensor, confirming the elimination of the requirement for finger-stick calibration and de-risking the commercialisation pathway for the device. The redesigned architecture also supports a differentiated, lower-waste and more cost-efficient platform designed to improve accessibility and long-term adoption. The Company also has a range of other innovations in development including its novel Epicapture cancer monitoring technology and ...
