Medicine:Newfoundland Diagnostics

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Short description: Newfoundland Diagnostics
Newfoundland Diagnostics Logo.jpg

Newfoundland Diagnostics is a multinational health-testing company headquartered in London, United Kingdom. The company specializes in the development and distribution of diagnostic health tests, both for self-use and professional applications,[1] offering such products available in major retailers for the first time in the United Kingdom.[2]

History

Newfoundland Diagnostics was founded in 2020, focusing initially on the distribution of Covid-19 rapid antigen tests. It served as a distributor for Acon Biotech's Flowflex test during the Covid-19 pandemic, becoming a leading player in this field in the United Kingdom,[3] with revenue of over £100m in its first two years of trading.[4]

The company was instrumental in offering diagnostic kits for various medical conditions, such as thyroid function, bowel health, menopause, kidney health, and HIV in a major retailer, notably for the first time in the United Kingdom,[5] and pharmacies across the country.[6][7]

HIV Rapid Testing

In June 2023, Newfoundland Diagnostics entered into an exclusive supply agreement with Atomo Diagnostics (ASX: AT1), for the distribution of rapid self-test HIV kits at retailers in the United Kingdom and Europe.[8][9] This gained notoriety as the world's first commercially available, at-home HIV test, which was sold in major retailers, such as Tesco.[10]

Recent Developments

In October 2023, the company responded to the anticipated increase in Strep A cases following the 2022–2023 United Kingdom group A streptococcus outbreak by launching Strep A tests in Tesco stores and pharmacies across the United Kingdom.[11] The company aims to provide enough tests to cover 90% of the United Kingdom's at-home testing market.[12][13][14]

Market Presence and Competitive Landscape

As of 2023, Newfoundland Diagnostics holds one of the largest market shares in the United Kingdom for at-home diagnostic tests.[1] The company's networks extend into public health sectors, pharmaceutical industries, and retail channels across the United Kingdom and Europe. It has also begun to make inroads into the European self-test diagnostic market.[15]

References

  1. ↑ 1.0 1.1 "Service launches to allow quick diagnostic test turnaround" (in en-gb). 2023-08-16. https://www.med-technews.com/api/content/d261e9d6-3c0c-11ee-9f31-12163087a831/. 
  2. ↑ Editor, Holly Williams, PA Business; Maule, Will (2023-02-27). "Tesco to stock at-home self-diagnosis health tests nationwide" (in en). https://www.walesonline.co.uk/news/uk-news/tesco-stock-home-self-diagnosis-26337969. 
  3. ↑ "Sigma teams up with Newfoundland Diagnostics" (in en). https://www.pharmacymagazine.co.uk/news/sigma-teams-up-with-newfoundland-diagnostics. 
  4. ↑ "Companies House Financial Accounts". https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/PUsbBVLKSlj8xucd_M2KqXtsJoULXnXD3PB2i64iJTk/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LVF334WF%2F20231101%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20231101T112944Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjENv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIQDFtYhVcX5W8NYv%2Bg5i88ifTVnSMMij7ETXqht%2FbL9mKgIgSvaNCKgLnl4DGfF6BcbfocE5GccAvhE10E8S8sUtdWMquwUIFBAEGgw0NDkyMjkwMzI4MjIiDEfQAx7wIip6G0MyoCqYBTrEDAo%2B%2FoXCdbDp4pEJOiMtp6PVnr3oB9sCHr5gsuofgBpeTItJ1EQFf%2Fm1EatgztwnFRoZB1SHz7Gvz9g5aJOta8q6HUjkbjUAU2%2FAPrNhdI03RQlxrqH0IvRveHA3NUPMuzGYuNmirQs%2FBVZaGtsnn09dW2WNVlxgAQ%2FEW%2BO%2B5ynKUkYMFvPvtLM2UenfXDqtO9B3ejOoppQj7VdxvoU7Osq%2BZ%2FXRKLwzFK%2BUeLMWlDyGJTVikDt8cbjpVIe6nLlKF7rvCxWyoJjeNMu8toNWGyk3rfZzWxVLN9jAw%2BoMmPO9YeHgIn9YONFHPTIKrTwIHdccD98GQTe3FzVJ58U0WFF9RSU0jAb6REh1qwxBqkOEaK3UmtsEUvhXMH%2FC4JhddXxLYrnaU1ow4yUhPZgnPv4FlZjCSre7hHs%2BFH1VZhoph9VtrNyw5%2BGDDKI0HnSmK0LgcO0aEFSIHMD4iM%2FCtTLwUPU92rM35TTImgvDLJnuMkeduYR5SsV2lcLJSa%2BG%2B3W1o2axuKLQdWKR5GShXoEqqD57ee7uFHHLlJHA5ZVh9boVoUA%2FuSMl7GfAgydUBjHk3PlAr41I9k%2FedDA0eqlQfGe2UtGPpmS5Z7Cju8lnIRzgGzyrvXHKgL2GbuBVLWzgTYCUAjqzeRciKcyimm249d0chmVNtrtSSISsh7x%2BTRpgbznQwX%2BI2Zs0E4D0jBnzNc2TulRrm%2FlTMh8%2BAGDSvKgjPn96BvlDtgllO1ors%2Fy6YkXzJlF45zQpnt9YAfOXnc%2Bs8bMSrWm33noLQxk2KzB1yGdUWYqIfx%2B5il79eKmNMRTDRgncWBFsuozP46uaH7vxgQlr6bQqQLmFl1FOgdwp6z4YsMV5vAIIpRs9OXZjcVAwxdOIqgY6sQGuxpxa%2FSL615gE0L2toI6d93dOg%2FjGiUhT7m%2BTANbvS9Yt%2BxalqxnuHhJSR656HlJM%2FqFTdAF7o6ga2Nu1MbTsOkk%2BQ8se9HWFMYzf4xRBSsGApLrn%2BRNYEIzaHXffLphAo8glrAcQwZUc59H4hGjQ%2B6kbJXufv8yBMKys1Ro3GA7fG1ksaofwFMCRW5qt5sqFYGXRTp49YHNDzlV7AoI3f7niZYC69duNr9hK6uEFvlA%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%2213095376_aa_2023-09-22.pdf%22&X-Amz-Signature=55a81c573d7dd206b3e31704ebf027c0ea54651b0c78f48b744e4dc37a746116. 
  5. ↑ "Tesco launches at home tests to shoppers across the UK in first-of-its-kind deal" (in en). 2023-02-27. https://www.lancashiretelegraph.co.uk/news/23348637.tesco-launches-home-tests-across-500-uk-stores/. 
  6. ↑ "At-home health tests launch in Tesco stores nationwide" (in en). 2023-02-27. https://www.independent.co.uk/news/uk/newfoundland-tesco-covid-nhs-holly-williams-b2290046.html. 
  7. ↑ "Sigma teams up with Newfoundland Diagnostics" (in en). https://www.pharmacynetworknews.com/clinical/1076239-sigma-teams-up-with-newfoundland-diagnostics. 
  8. ↑ "Atomo and Newfoundland sign agreement for HIV testing in Europe". https://biotechdispatch.com.au/news/atomo-and-newfoundland-sign-agreement-for-hiv-testing-in-europe. 
  9. ↑ Seymour, Julia (2023-02-28). "Atomo Diagnostics (ASX:AT1) secures $900k order for HIV self-tests" (in en-US). https://themarketherald.com.au/atomo-diagnostics-asxat1-secures-900k-order-for-hiv-self-tests-2023-02-28/. 
  10. ↑ "Tesco launches at home tests to shoppers across the UK in first-of-its-kind deal" (in en). 2023-02-27. https://www.theargus.co.uk/news/23349159.tesco-launches-home-tests-across-500-uk-stores/. 
  11. ↑ "Strep A tests launching in Tesco and pharmacies to help combat winter shortages" (in en). 2023-10-30. https://www.expressandstar.com/news/uk-news/2023/10/30/strep-a-tests-launching-in-tesco-and-pharmacies-to-help-combat-winter-shortages/. 
  12. ↑ Williams, Holly (2023-10-30). "Strep A tests launching in Tesco and pharmacies to help combat winter shortages" (in en). https://www.standard.co.uk/business/business-news/strep-a-tests-launching-in-tesco-and-pharmacies-to-help-combat-winter-shortages-b1116691.html. 
  13. ↑ A. O. L. Staff (2023-10-30). "Strep A tests launching in Tesco and pharmacies to help combat winter shortages" (in en-GB). https://www.aol.co.uk/news/strep-tests-launching-tesco-pharmacies-000100679.html. 
  14. ↑ "First at-home HIV tests launched in Tesco as sufferers say stigma continues" (in en). 2023-11-30. https://www.independent.co.uk/news/health/home-hiv-test-aids-stigma-b2455408.html. 
  15. ↑ MarketScreener (2023-02-27). "Atomo Diagnostics Limited Announces Significant Purchase Order for HIV Self-Tests for Europe -February 27, 2023 at 04:58 pm EST | MarketScreener" (in en). https://www.marketscreener.com/quote/stock/ATOMO-DIAGNOSTICS-LIMITED-105515737/news/Atomo-Diagnostics-Limited-Announces-Significant-Purchase-Order-for-HIV-Self-Tests-for-Europe-43123491/. 



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