Eurobio Scientific: Exceptional margins
We were cautious. We had only forecast a tripling of Eurobio Scientfic's EBITDA over the first half of 2020. The small French distributor of specialized in vitro diagnostic products quintupled its EBITDA over the period and achieved a record net profit of EUR 25.7 million. This performance is clearly exceptional. It should nevertheless be repeated in the second half of the year and continue in the first part of 2021 due to the resurgence of the Covid-19 epidemic.
Eurobio Scientific SA, formerly Diaxonhit, is a France-based biotechnology company engaged in the field of in-vitro diagnostic. It is engaged in activities ranging from discovery to the commercialization of specialty diagnostic products. The Company owns a portfolio of diagnostic products in three specialty areas: infectious diseases; Alzheimer's disease, and cancer. It consists of Tetanos Quick Stick (TQS), which is an unitary test enabling to determine the tetanus vaccination status. It has a portfolio of in-house and co-developed products, including AclarusDx (a blood-based test for the detection of biomarkers specific for Alzheimer's disease). The portfolio includes BJI Inoplex for prosthetic infections and EHT Dx14 for breast cancer (both in validation phase). The co-developed products include research programs for the identification of predictive biomarkers of response for anti-HER2 and anti-angiogenic therapies, among others. It operates through Genbio and Eurobio Capforce Plus.
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