Spanish companies are also fighting the COVID-19. CerTest Biotec, a company that manufactures products for in vitro diagnosis of infectious diseases, has multiplied by five its productive capacity of PCR test for the detection of coronavirus. The Aragonese company has gone from manufacturing 30,000 PCRs to 150,000 PCRs per day. CerTest Biotec has increased its turnover due to the COVID-19, as explained by the CEO and founding partner of the company, Oscar Landeta.
The company expects to have a turnover of $117 million (€100 million) in 2020, while its turnover was $20.5 million (€17.5 million) in 2019. The Aragonese company, with headquarters in San Mateo de Gállego (Zaragoza), has received a subsidy of $585,000 (€500,000) from the Center for the Development of Industrial Technology (Cdti), belonging to the Ministry of Science and Innovation. The project consists of increasing the productive capacity of PCR test for the detection of coronavirus.
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CerTest Biotec has multiplied by five its production capacity of diagnostic tests of Covid-19, up to 150,000 PCR per day
Landeta said that “CerTest Biotec has an important production capacity, but everything was overflowed with the pandemic due to the increase in demand.”
The company sought to increase production capacity with the investment of Cdti, which it finally achieved. The biotech company has invested more than (€100,000) in adapting the installation and hiring workers to increase production. CerTest Biotec has increased its staff by forty people, up to 190 workers. The company has also invested in the purchase of equipment and material to increase the production of PCR tests.
Landeta recognized that the demand for testing has decreased somewhat, but it is still relevant. The Aragonese company manufactures several products to diagnose COVID-19 and has recently launched a multiple test to detect coronavirus, flu and other infectious diseases to bias patients suffering from similar symptoms.
The products manufactured by CerTest Biotec are sold in over 130 countries, in and outside the European Union
CerTest Biotec has hired forty workers and currently has 190 employees CerTest Biotec was founded in 2002 by Landeta and Carlos Genzor, the current technical director. The majority of the company’s ownership remains in the hands of the founders. The company distributes its products to more than 130 countries.
CerTest Biotec sells 50% of its production outside the European Union (EU), 30% to European states and the remaining 20% in Spain. The company has a built up area of more than 7,000 square meters. The facility is divided into laboratories, where the research and development, production and quality control units are located, the production and conditioning area, warehouses and offices.
CerTest Biotec is just one of the many biotech companies that have developed since the outburst of the coronavirus pandemic. Investors are keeping their eyes on biotech stocks and invest huge amounts of money in them.
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This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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