- CEO
- Theis Kipling
- Full Time Employees
- 24
- Sector
- Health technology
- Industry
- Biotechnology
- Address
- Dag HammarskjOelds vAeg 54B Uppsala UP Sweden 752 37
- IPO Date
- Mar 29, 2017
- Business
- Biovica International AB (publ) specializes in developing and commercializing blood-based biomarker assays aimed at improving monitoring and prediction of cancer therapies. Its core product is DiviTum® TKa, an assay that measures the thymidine kinase 1 (TKa) biomarker to assess cell proliferation in solid tumors, providing oncologists with actionable insights into therapy effectiveness and disease progression. The company offers its assays through a CLIA-certified laboratory mainly across the United States, Europe, and Japan. Additionally, Biovica provides pharmaceutical services including contract testing and biomarker analysis for drug development in oncology, supported by multiple Master Service Agreements (MSAs) with leading pharmaceutical companies.
Founded in 2001 and headquartered in Uppsala, Sweden, Biovica operates globally with strong commercial presence notably in the US and key European markets. Recent expansions include a major partnership with Tempus AI in the United States, enabling DiviTum TKa to be offered nationwide through Tempus's extensive oncology sales network, broadening commercial reach significantly. Biovica also entered into a collaboration with Eurobio Scientific, which covers approximately 60% of the European market, leveraging Eurobio’s comprehensive hospital and laboratory network to accelerate adoption across Europe. The company continues to strengthen its Pharma Services segment with new contracts from Tier 1 pharmaceutical companies, enhancing its revenue base and pipeline engagement.
In 2025, Biovica launched DiviTum TKa for early breast cancer patients undergoing adjuvant therapy, marking a strategic expansion into a new market segment with potential for up to a fivefold increase in addressable market size, estimated around USD 3 billion annually in key regions. The company completed a fully guaranteed rights issue raising approximately SEK 80 million to fuel growth initiatives and ongoing commercialization efforts. Its financial outlook has improved with increased sales and contract values, with projected breakeven anticipated around 2027-2028 based on analyst consensus.
Biovica’s offerings focus on oncology diagnostics and pharmaceutical services, targeting oncologists, pharmaceutical companies, and healthcare providers. The company’s robust partnerships, expanded product applications, and geographical growth are driving its evolution as a key player in blood-based cancer monitoring solutions.