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Business Strategy Update – the “Forward” Strategic Direction, Aspirations towards 2028 and Funding Needs
Globenewswire· 2025-11-04 21:10
Core Insights - BioPorto A/S has announced a business strategy update, outlining its "Forward" strategic direction and aspirations towards 2028, with a focus on achieving cash flow positivity by the second half of 2027 [1][10] Strategic Direction - The "Forward" plan is a three-year strategy aimed at improving kidney health through actionable biomarkers, with a goal to transform kidney care globally [2] - The plan includes building market adoption, capturing high growth, and expanding the addressable market [2] Aspirations Towards 2028 - The company aims to be cash flow positive in the second half of 2027, requiring DKK 60-70 million in funding [10] - Revenue expectations for FY 2028 are set between DKK 150-200 million, with an adjusted EBITDA margin of at least 15% [9][16] Market Adoption Goals - By the end of 2026, BioPorto aims to have over 60 active hospitals in the US and reach 100 active hospitals globally by the end of 2027 [5][7] - The company plans to expand its market penetration in both pediatric and adult segments, leveraging enhanced clinical guidelines [7] Commercialization Strategy - BioPorto will focus on securing strategic partnerships with instrument manufacturers to drive product adoption and facilitate faster laboratory utilization of its biomarkers [5] - The company is preparing for EU IVDR certification, expected in 2027, to support its European market growth [6] Product Development and Market Expansion - The company intends to broaden its product portfolio to address additional clinical settings relevant to the NGAL biomarker, with a goal of having over 170 active hospitals globally by the end of 2028 [8]
Pre-announcement of the Key Financial Results for Third Quarter 2025 and Revised Guidance for 2025
Globenewswire· 2025-11-04 21:08
Core Viewpoint - BioPorto A/S has pre-announced its key financial results for Q3 2025, showing continued growth in NGAL sales, while also revising its full-year guidance for 2025 downward due to performance in the first nine months of the year [1][6]. Financial Performance - Total revenue for the first nine months of 2025 reached DKK 28.7 million, a 1% increase year-over-year, with a 2% increase at constant exchange rates [3]. - NGAL sales increased by 5% compared to the same period in 2024, and by 7% at constant exchange rates, primarily driven by US NGAL RUO sales and ProNephro AKI sales [3]. - US NGAL RUO sales surged by 21% year-over-year, and by 23% at constant exchange rates [3]. - Revenue for Q3 2025 totaled DKK 10.4 million, reflecting a 7% increase compared to Q3 2024, and a 10% increase at constant exchange rates [9]. - Adjusted EBITDA loss for the first nine months of 2025 was DKK 63.3 million, compared to DKK 51.1 million in the same period last year [4]. Sales Breakdown - Q3 2025 NGAL sales in the US amounted to DKK 4.7 million, a 20% increase from Q3 2024, while ROW NGAL sales plummeted by 87% to DKK 0.4 million [5]. - ProNephro AKI sales through distributors in Q3 2025 were DKK 2.1 million [9]. - Total NGAL sales for the first nine months of 2025 were DKK 19.3 million, a 5% increase from the previous year [5]. Guidance Adjustment - The full-year revenue guidance for 2025 has been revised to a range of DKK 40-45 million, down from the previous estimate of DKK 45-50 million [10]. - The adjusted EBITDA loss expectation remains unchanged, projected to be in the range of DKK 75-80 million [10].
Progress Update on BioPorto’s Adult Clinical Study
Globenewswire· 2025-11-04 21:07
Core Insights - BioPorto A/S has provided an update on its ongoing adult clinical study in the US, focusing on the investigational in vitro diagnostic (IVD) urine NGAL assay aimed at identifying patients at risk of acute kidney injury [1][4]. Clinical Study Progress - As of the end of October 2025, BioPorto has successfully completed patient enrollment for its clinical cut-off study, although data collection is taking longer than expected [2]. - The company plans to submit a pre-submission meeting request to the US FDA after analyzing the dataset, which is now anticipated to be completed in Q1 2026 [2]. Regulatory Timeline - The clinical validation study will commence following FDA feedback, leading to a postponement of the FDA regulatory submission from late 2026 to the first half of 2027 [3]. - Despite the delay, the company aims for regulatory clearance in 2027, with plans to initiate commercialization targeting the adult population in the US thereafter [3]. Company Commitment - Carsten Buhl, CEO of BioPorto, emphasized the company's commitment to ensuring high-quality and effective study design, which is intended to mitigate risks associated with the validation study [4]. Product Focus - BioPorto's clinical program is centered on the NGAL biomarker, which is designed to assist in the risk assessment and management of acute kidney injury (AKI), a condition that can lead to severe health consequences if not identified early [7]. - The company markets NGAL tests under various registrations, including CE mark in several countries and FDA clearance for ProNephro AKI in the US [7].
QuidelOrtho Showcases Leadership in Transfusion Medicine at AABB 2025
Prnewswire· 2025-10-17 00:30
Core Insights - QuidelOrtho Corporation showcases its leadership in transfusion medicine with the FDA approval of the MTS DAT Card and the expansion of its immunohematology portfolio at the AABB 2025 Annual Meeting [1][2][3] Product Highlights - The MTS DAT Card completes the gel-based solution for direct antiglobulin testing, enhancing laboratory efficiency and reliability when paired with the ORTHO VISION Platform [2][3] - The ORTHO VISION Max Swift Analyzer is designed for high-throughput labs, offering speed, reliability, and automation with increased sample and reagent capacity [7] - The ORTHO CONNECT Lab Management Software streamlines operations and addresses staffing challenges in laboratory networks [7] Educational Contributions - QuidelOrtho's participation in the AABB Annual Meeting includes sessions on Rh(D) antigen identification, gel test typing for DARA patients, and advanced immunohematology techniques for complex serological cases [3][7]
US News & World Report Webinar “New Frontiers in Kidney Care” features NGAL biomarker
Globenewswire· 2025-09-11 06:26
Core Insights - BioPorto A/S is participating in the US News & World Report webinar titled "New Frontiers in Kidney Care," focusing on acute and chronic kidney disease and the importance of kidney health integration into broader health strategies [1][2] - The webinar will feature a panel discussion moderated by Shanley Chien, with speakers who have extensive experience in kidney biomarker research, particularly the NGAL biomarker [2][5] - BioPorto's flagship products utilize the NGAL biomarker to aid in the risk assessment and diagnosis of Acute Kidney Injury (AKI), allowing for earlier intervention and tailored patient management strategies [6][7] Company Overview - BioPorto is an in vitro diagnostics company dedicated to improving patient outcomes through actionable kidney biomarkers, addressing significant unmet medical needs in kidney care [6][7] - The company has facilities in Copenhagen, Denmark, and Boston, MA, USA, and is listed on the Nasdaq Copenhagen stock exchange [8] Product Information - The NGAL tests developed by BioPorto are designed to identify patients at risk of AKI more rapidly than standard care measurements, which can significantly reduce morbidity and mortality associated with delayed diagnosis [7]
QuidelOrtho to Participate in the Baird 2025 Global Healthcare Conference
Prnewswire· 2025-08-28 11:30
Company Overview - QuidelOrtho Corporation is a global leader in in vitro diagnostics, focusing on innovative diagnostic technologies for point-of-care settings, clinical labs, and transfusion medicine [1][3] - The company specializes in immunoassay and molecular testing, clinical chemistry, and transfusion medicine, providing fast, accurate, and reliable diagnostics [4] Upcoming Event - QuidelOrtho's management team will participate in the Baird 2025 Global Healthcare Conference on September 10, 2025, with a fireside chat scheduled to begin at 3:10 p.m. ET / 12:10 p.m. PT [1] Access to Information - Interested parties can access the live webcast and replay of the event through the "Events & Presentations" section on QuidelOrtho's Investor Relations page [2]
ProNephro AKI™ (NGAL), early detection test for Acute Kidney Injury, now commercially available to US Labs through BioPorto’s collaboration with Roche Diagnostics.
Globenewswire· 2025-08-28 10:06
Core Insights - BioPorto A/S has announced the commercial availability of ProNephro AKI (NGAL), an early detection test for Acute Kidney Injury (AKI), in US laboratories through a collaboration with Roche Diagnostics [1][2] - ProNephro AKI (NGAL) is the first AKI biomarker test cleared for pediatric use in the US, aimed at identifying patients at risk of moderate-to-severe AKI within 48-72 hours in the ICU [2][8] - The company plans to expand its market presence through education and awareness programs targeting clinicians and researchers [3] Company Developments - The collaboration with Roche Diagnostics marks a significant step in advancing the adoption of ProNephro AKI across US hospitals [1] - BioPorto's go-to-market strategy is supported by strong research and publications around NGAL, generating high customer interest among clinicians [3] - The company is focused on expanding the ProNephro AKI product line to additional lab chemistry instrumentation and aims to obtain FDA clearance for adult use [6] Industry Context - Acute Kidney Injury is a critical condition that can lead to severe health complications if not detected and treated early, affecting patients in intensive care units [5][8] - The introduction of ProNephro AKI (NGAL) allows for earlier detection of kidney damage compared to traditional serum creatinine tests, enabling timely medical interventions [2][8] - The market for kidney diagnostics is expected to grow as awareness of AKI increases and the demand for early detection tools rises [3][7]
QuidelOrtho Welcomes Erich Wolff as Executive Vice President, Strategy & Corporate Development
Prnewswire· 2025-08-19 20:05
Core Insights - QuidelOrtho Corporation has appointed Erich Wolff as Executive Vice President, Strategy & Corporate Development, to lead enterprise strategy and business development [1][2] - Mr. Wolff has over 20 years of experience in strategy, M&A, and business development in the healthcare and diagnostics sectors [2][3] - The company aims to leverage Mr. Wolff's expertise to enhance its growth strategies and deliver long-term value [3][4] Company Overview - QuidelOrtho is a global leader in in vitro diagnostics, focusing on developing intelligent diagnostic solutions [6][7] - The company provides fast, accurate, and reliable diagnostics across various settings, including home, hospital, lab, and clinic [7] - QuidelOrtho emphasizes innovation and collaboration with global healthcare customers to advance diagnostic capabilities [7]
BioPorto Interim Result for the Second Quarter of 2025 - Continued progress with full execution of strategic objectives and strong NGAL sales growth.
Globenewswire· 2025-08-15 05:57
Core Viewpoint - BioPorto A/S reported continued progress in executing its strategic objectives, highlighted by strong sales growth in NGAL products and the initiation of its commercial journey in the US market with the first order of ProNephro AKI [1][3][4]. Financial Performance - Total revenue for the second quarter of 2025 reached DKK 10.6 million, a 15% increase compared to DKK 9.2 million in the same period last year [7]. - For the first half of 2025, total revenue was DKK 18.3 million, reflecting a 2% decrease from DKK 18.7 million in the first half of 2024, primarily due to lower antibody sales [5][9]. - NGAL sales increased by 39% in Q2 2025 compared to Q2 2024, with a 23% rise in the US and a 71% increase in the rest of the world [6][7]. - Adjusted EBITDA loss for Q2 2025 was DKK 18.4 million, compared to DKK 16.2 million in Q2 2024, driven by higher costs associated with clinical studies [7][9]. - The adjusted EBITDA loss for the first half of 2025 was DKK 46.5 million, up from DKK 31.5 million in the same period last year [5][9]. Strategic Developments - A significant milestone was achieved with the receipt of the first purchase order for ProNephro AKI (NGAL) for the US market, marking the start of its commercial launch [6]. - The company is progressing towards FDA submission for ProNephro AKI by the end of 2026, with patient enrollment in clinical studies on track [4][6]. - The board was restructured, with Jens Due Olsen appointed as Chairman and Carsten Buhl as the new CEO effective September 1, 2025, to lead the next growth phase [6]. Guidance - The company has narrowed its full-year revenue guidance for 2025 to DKK 45-50 million, down from the previous range of DKK 45-60 million [8][14]. - Adjusted EBITDA loss guidance for 2025 is now expected to be between DKK 75-80 million, previously estimated at DKK 75-85 million [14].
Anbio Biotechnology Responds to Global Outbreaks with Chikungunya Rapid Test and New 15-Minute Ultra-Fast PCR System
Globenewswire· 2025-08-09 01:05
Core Insights - Anbio Biotechnology has launched a Chikungunya IgM/IgG Rapid Test to enhance outbreak detection capabilities for mosquito-borne diseases, particularly in tropical and subtropical regions where cases are rising [1][2] - The company is also introducing the AP-100 Ultra-Fast PCR system, which significantly reduces testing time from hours to minutes while maintaining accuracy, aimed at improving decentralized molecular diagnostics [3][4] Group 1: Chikungunya Rapid Test - The Chikungunya IgM/IgG Rapid Test provides a fast and accessible diagnostic tool for clinicians and public health authorities, crucial for timely detection and differentiation from other arboviral infections like Dengue and Zika [1][2] - This test is based on immunochromatographic technology, allowing reliable qualitative detection of Chikungunya-specific antibodies in human serum, plasma, or whole blood [2] Group 2: AP-100 Ultra-Fast PCR System - The AP-100 system utilizes advanced microfluidic thermal cycling and high-efficiency enzymatic amplification, enabling direct processing of swab samples without nucleic acid extraction [4] - It is designed to be a flexible molecular platform, initially focused on respiratory infections but expanding to include tests for tuberculosis (TB) and human papillomavirus (HPV) [4] Group 3: Strategic Importance - Anbio's innovations in diagnostics aim to enhance healthcare capacity in both well-resourced and resource-limited settings, thereby advancing global preparedness for infectious disease threats [5] - The company emphasizes the need for diagnostics to keep pace with emerging health threats, reinforcing its commitment to rapid and reliable testing solutions [5] Group 4: Company Overview - Anbio Biotechnology is a globally oriented in vitro diagnostics (IVD) company offering a wide range of solutions, including immunofluorescence, dry chemistry, chemiluminescence, molecular diagnostics, and rapid testing [6] - The company aims to enhance the availability of reliable and timely diagnostics to support better decision-making in healthcare settings worldwide [6]