bioMérieux Revenue Will Continue to Grow, Says GlobalData

According to Dara Lo, medical device analyst at GlobalData, bioMérieux experienced unprecedented Q1 revenue growth due to demand for its molecular biology products used in COVID-19 testing, including its FDA emergency use authorized COVID-19 testing kit. While the negative business impact of COVID-19 was seen in the final weeks of Q1, specifically in antibody tests, bioMérieux has a second COVID-19 test in development that is expected to make waves.
 
bioMérieux holds the majority of the market share for respiratory panel tests, and its market share is expected to increase, Lo added. bioMérieux’s, current BioFire FilmArray products grew 67% year-over-year due to exceptionally high sales of respiratory panels during the COVID-19 pandemic, including its pneumonia panel test, an indication commonly seen to develop in COVID-19 patients.
 
In addition to the pneumonia panel, bioMérieux’s current respiratory panel diagnostic test, while not yet testing for COVID-19, is a valuable diagnostic tool as it tests for 21 other common respiratory pathogens allowing either for a positive test result, indicating that the patient does not have COVID-19 but instead the common flu. On the other hand, should a patient test negative, the panel rules out the possibility of all other common respiratory infections. This diagnosis-by-deduction allows for informed-decision using an alternate testing method, and avoids burdening an already over-taxed COVID-19 testing system. This test is currently set to launch this year.