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Diesse company develops special tests to diagnose COVID-19

The pharmaceutical company Diesse is developing a new blood test that could track COVID-19 antibodies. The company said the test should be ready by the end of April. The first to be screened with Diesse’s test will be doctors, nurses and workers in the public and private sectors. ArhiMed took over the majority of Diesse Diagnostica and helped the company to further develop.

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This picture show a coronavirus test.

Diesse Diagnostica Senese spa, a company controlled by the ArchiMed fund, which develops innovative in vitro diagnostic systems for infectious and autoimmune diseases, is developing a blood test to diagnose the coronavirus, to both symptomatic and asymptomatic patients.

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Diesse’s test is innovative because it could track COVID-19 antibodies

This is the only blood test in the world that can track Covid-19 antibodies and indicate whether a person is affected or an asymptomatic carrier of the coronavirus. Diesse’s test will help determine the preventive measures (e.g. quarantine) applied to asymptomatic and active carrier COVID-19 patients and allow a more accurate analysis of how the infection spreads among populations.

The test should be distributed by the end of April, following the evaluation of its performance by the Lazzaro Spallanzani National Institute for Infectious Diseases in Rome. The first production batches of Diesse will be used for screening doctors, nurses and workers employed in the public and private healthcare sector in Tuscany. Diesse is planning to distribute the test throughout Italy and the rest of the world.

The partnership with ArchiMed allowed Diesse to further develop

Massimiliano Boggetti, Diesse CEO, commented: “The partnership with a specialist in the field such as ArchiMed has provided Diesse with the funding and freedom to effectively combat major health hazards such as COVID-19 and remain at the forefront”.

Loic Kubitza, Partner of ArchiMed, added: “We want to see partner companies grow profitably in the long term, providing them with the financial, consulting and industry resources they need to successfully tackle challenges like COVID-19”.

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ArchiMed took over the majority of Diesse in May 2019. The acquisition was made through the newco Duomodiag sarl, controlled by ArchiMed’s MED II fund, which was financed by MPS Capital Services and BPER Banca. Orphée, which received €13.3 million for its share, as well as an earn-out of up to €1.2 million based on 2019 results.

Orphée sa, which took over 45% of Diesse from Diagnostica Holding in February 2013, is in turn 79.6% owned by the Polish company listed in Warsaw PZ Cormay sa, which develops, manufactures and sells diagnostic reagents and laboratory equipment in Poland.

Diesse Diagnostica Senese was founded in 1980. Since then it has gained a solid position in the IVD market segments of hematology, serology, and bacteriology. The company’s initial development is due to the invention and subsequent patenting of a revolutionary method for the determination of sedimentation rate (ESR), characterized by the reduction of sample volume, the use of a closed system that eliminates any risk of contamination by the operator, the drastic reduction of examination time and the perfect correlation of results with the reference method.

The company is based in Siena, plants in Monteriggioni (Siena), research centers in Siena and Trieste. It employs 167 people, sells its products in 104 countries around the world and is present in all 5 continents through a network of 148 distributors. It is part of the Elite community of Borsa Italiana.

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(Featured image by geralt via Pixabay)

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First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.

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