Bioporto (One-pager): From Diagnostic innovator to Diagnostic company
Key investment reasons
Having recently received a marketing authorization (FDA approval) of the ProNephro AKI for pediatric use in the US, and announced a collaboration with leading test analyzer provider Roche, as well as, the current ongoing use of the NGAL Test in Europe, BioPorto has the potential to successfully launch ProNephro AKI/NGAL Test for pediatrics globally.
The grant of a marketing authorization of the ProNephro AKI for pediatrics can act as a lever to open up for adult use and other addressable markets totalling up to USD 3 billion annually, growing 4% as the use of the NGAL Test could be broadened to other settings and geographical areas than hospitals in US.
At the moment, there are no competing NGAL tests commercially available in the US, and BioPorto has already de-risked its commercial potential as they currently generate revenue.
Disclaimer: HC Andersen Capital receives payment from Bioporto for a Digital IR/Corporate Visibility subscription agreement. /Henrik Ekman 08:15 AM 04-03-2024
BioPorto
BioPorto er et dansk In-vitro diagnostisk (IVD) selskab med hovedkontor i København, Danmark. Selskabet blev grundlagt i 2000. BioPorto har allerede ét produkt på markedet, NGAL-testen, som er til tidlig diagnosticering af akutte nyreskade (AKI). Den er kommercielt tilgængelig i Europa, Canada, Asien og Israel. NGAL-testen har modtaget banebrydende betegnelser fra FDA for akutte nyreskader til babyer, børn og unge under 18 år for hvilken den i øjeblikket udfører dataanalyser efter afslutningen af indrulning af patienter til dets fase 3-studie, som vil føre til en ansøgning til FDA. Fremtidige planer inkluderer yderligere FDA-indsendelse til voksenindikation såvel som andre markeder.
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