- CEO
- Jussi Hahtela
- Full Time Employees
- 46
- Sector
- Health technology
- Industry
- Medical specialties
- Address
- Laippatie 1 Helsinki UU Finland 00880
- IPO Date
- Jun 18, 1999
- Business
- Biohit Oyj, a Finnish biotechnology company founded in 1988 and headquartered in Helsinki, develops, manufactures and markets diagnostic tests, analysis systems, acetaldehyde-binding products and monoclonal antibodies for research institutions, healthcare facilities and industry worldwide; its core offerings include the GastroPanel test and quick test variant for assessing stomach mucosa conditions, atrophic gastritis and gastric cancer risks via blood samples, Helicobacter pylori quick tests, ColonView for detecting hidden intestinal bleeding and colorectal cancer risk, Acetium capsules and lozenges to neutralize carcinogenic acetaldehyde for gastric protection and smoking cessation aid, the patented FAEX sample collection tube for stool analysis, and point-of-care quick tests such as GastroPanel Quick Test NT; operations span Europe, Asia, South America and beyond through subsidiaries in Italy and the United Kingdom, with Series B shares listed on Nasdaq Helsinki under BIOBV. The company reports under a single diagnostics segment, targeting early detection and prevention of gastrointestinal diseases with 98.5% of 2024 revenue from international exports. Recent developments encompass securing European distribution rights for Biomedal’s gluten tests, launching the patented FAEX sample tube for internal ColonView use and external sales, completing clinical validation of GastroPanel Quick Test in India, confirming GastroPanel accuracy via Homerton University Hospital study in the UK, and signing a letter of intent with Singapore’s Restalyst in early 2025 for synergistic gastric cancer testing and new sales channels, alongside revenue growth to EUR 14.3 million and operating profit of EUR 2.6 million in 2024.