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.
For the latest discoveries in the biotech sector, download our companion app, Born2Invest. Stay informed with everything that matters to you, from possible vaccine developments against the new COVID-19 to economic news about the world’s financial markets.
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”.
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.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
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 Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The crowdfunding equity platform ClubDealOnline launches ‘Round as a Service’
Thanks to the new service "RaaS", the ClubDealOnline portal will allow to launch capital raising rounds reserved to companies that...
XRApplied helps David take on Goliath: Walmart-style supply chains for SMEs
Retailing giants like Walmart and Amazon have an unfair advantage over their smaller competitors—their supply chains. With centralized databases and...
SparingVision closes a €44.5 million round and gives entry to Ysios Capital
SparingVision has recently closed a financing round during which it managed to raise $52.7 million (€44.5 million). The resources will...
How can HRD pave its way in the evolving world of FinTech?
Indian FinTech companies have consistently shown that the companies are either on Merchant Payment, Consumer Payment, Lending and finance, or...
What types of licenses for the production of cannabis will be granted in Ecuador
Ecuador is committed to be a part of the billion dollars cannabis market and has recently put in place a...
Featured7 days ago
Which fintech company raised the most funds in Q3 2020?
Cannabis7 days ago
Medical cannabis to be reimbursed in France from March 2021
Africa5 days ago
Fruitbox Africa: Frankfurt investor and Siemens to create jobs in Ethiopia
Featured6 days ago
HSBC survey shows investors’ interest in ESG is increasing