Newfoundland Diagnostics
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
[edit | edit source]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
[edit | edit source]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
[edit | edit source]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] In May 2024, the company featured within The E2E International 100 track 2024, in association with The Independent.[15]
Market presence and competitive landscape
[edit | edit source]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.[16] In 2024, Newfoundland appointed Hilary Jones (doctor) to an advisory role.[17]
References
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