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February 11, 2022

Seegene signs Covid-19 tests supply deal with Brazil

The Allplex SARS-CoV-2/FluA/FluB/RSV PCR assay can detect influenza A and B, Covid-19, and RSV in a single test.

Molecular diagnostic company Seegene has signed an agreement with the Ministry of Health of Brazil to supply four million Covid-19 tests.

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What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
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The company will deliver its Covid-19 tests, as well as associated consumables, to help respond to a rapid surge of Flu A and Covid-19 infections in Brazil.

According to Seegene, more than 280,000 cases of Covid-19 a day were recently reported in the country.

The firm will deliver its Allplex SARS-CoV-2/FluA/FluB/RSV PCR assay, which has the capability to detect influenza A and B, Covid-19, and respiratory syncytial virus (RSV) in a single test.

Allplex is expected to be the optimised test for the ‘twindemic’ in Brazil, as it can distinguish between Flu A and Covid-19 cases.

The multiplex real-time PCR assay received approval from Health Canada under its Interim Order last month. It enables the simultaneous amplification and differentiation of respiratory symptoms.

Seegene chief sales and marketing officer Ho Yi said: “Seegene is uniquely positioned to respond to the growing global need for Covid-19 and flu testing and we are fully prepared to supply global inventory to help countries around the world as they fight for everyday life to return.”

Last month, the company launched the Allplex SARS-CoV-2 Fast PCR Assay, which is designed to target the E, RdRP and N Covid-19 genes in order to detect the disease regardless of the variant.

Optimised for mass testing, the test provides PCR results in 60 minutes and helps laboratories scale up testing volume without additional instruments.

The launch comes in response to the rapid spread of the Omicron variant across the globe.

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Free Report
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What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
  • Understanding value and volume trends in M&A from Q1 2018 to Q1 2022
  • Understanding regional trends in M&A activity
  • Understanding which medical device sectors are leading M&A activity, and which are lagging
  • Understanding the leading tech trends in Q1 2022 M&A activity
  • Knowing the key deals that occurred during Q1 2022
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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