Hologic's Diagnostics Strength in Focus: Is More Upside Ahead? [Yahoo! Finance]
Becton, Dickinson and Company (BDX)
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Source: Yahoo! Finance
The segment remains anchored by the molecular diagnostic assays, which run on the base Panther and the combined Panther Fusion advanced instrumentation systems. However, the quarter showed some pressure, with Molecular Diagnostics revenues declining 3.5%, mainly due to weaker sales of COVID-19 tests and legacy sexually transmitted infections (STI) assays. The decrease was partially offset by stronger sales of BV, CV/TV tests and Panther Fusion assays. Hologic is actively targeting the vast U.S. vaginitis market by driving awareness and reimbursement for the high-throughput offering. Panther Fusion's open access functionality allows customers to consolidate lab-developed tests (LDTs) and in vitro diagnostic (IVD) assays on a single platform. Last year, Hologic secured FDA 510(k) clearance and CE-IVDR marking for the Panther Fusion Gastrointestinal (GI) Bacterial and Expanded Bacterial Assays, supporting its menu diversification strategy. Biotheranostics is also seeing higher adoption
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