Biohit Oyj is a Finnish company which develops, manufactures, and markets biotech and diagnostics products for use in
research
Research is "creativity, creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular att ...
and
health care
Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...
.
Summary
Biohit was established in 1988 in
Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...
by Professor Osmo Suovaniemi (M.D., Ph.D.), previously known as the founder of . He stepped down from the CEO position in June 2011, but remains actively involved with the company through positions on several advisory boards. Biohit is a globally operating Finnish biotechnology company. Biohit is headquartered in Helsinki and has subsidiaries in Italy and the UK. Biohit's Series B share (BIOBV) is quoted on
NASDAQ OMX Helsinki since 1999, Small cap/Healthcare. Semi Korpela was appointed CEO in 2011.
Markets
Biohit's two businesses are acetaldehyde eliminating products and diagnostics. More than 90% of Biohit's sales occur outside Finland.
[Biohit Oyj. Annual Report 2019]
Diagnostic tests
The diagnostic product range of Biohit includes the GastroPanel examinations, which are used to aid diagnosis of ''
Helicobacter pylori'' infection and
atrophic gastritis from a blood sample. They are also ideal tools for identification of patients at increased risk of gastric cancer, peptic ulcer disease, gastroesophageal reflux disease (GERD) and deficiencies of vitamin B12, calcium and iron. In addition to this, Biohit offers Quick tests for the detection of
*
Lactose intolerance
*''Helicobacter pylori'' infection
*
Celiac disease
*Screening of
colorectal cancer
Colorectal cancer (CRC), also known as bowel cancer, colon cancer, or rectal cancer, is the development of cancer from the colon or rectum (parts of the large intestine). Signs and symptoms may include blood in the stool, a change in bowel m ...
Acetaldehyde binding products
In 2018 was launched a new, nicotine free smoking cessation product, Acetium Lozenge.
Monoclonal antibodies
Biohit also develops and manufactures monoclonal antibodies for research use and use as raw materials for diagnostic industry.
Instruments
Adopting a systems approach, Biohit also provides laboratory equipment, such as microplate instruments and automates, as well as liquid handling products to support Biohit ELISA tests.
Distribution network
A network of 40
distributors, including 2 subsidiaries, in more than 40 countries is selling Biohit products. In the U.S. the official distributor i
Bio Testing Supplies a division o
Avrio Genetics
Research, development, and intellectual property
Biohit spends roughly 30% of net sales on
basic research each year and pursues an aggressive
patenting
A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...
strategy.
[Reuters. Overview of Biomet Oyj]
References
External links
* {{Official website, https://www.biohithealthcare.com/
Companies established in 1988
Biotechnology companies of Finland
Chemical companies of Finland
Companies listed on Nasdaq Helsinki