Eurofins to Acquire Genetic Testing Service JSC and Enter the Clinical Genetic Testing Market in Vietnam
09 Februar 2022 - 6:00PM
Business Wire
Regulatory News:
Eurofins Scientific
(“Eurofins”) (Paris:ERF),
a global scientific leader in bioanalytical testing and clinical
diagnostics testing, announces that its subsidiary, Eurofins
Clinical Testing Lux Sarl, has acquired Genetic Testing Service JSC
(“Gentis”), a pioneer in genetic testing in Vietnam. The
acquisition will further enhance Eurofins’ expansion in Asia and
complement its global network of clinical diagnostics laboratories
focused on specialised and advanced genetic testing.
Gentis is the market leader in
specialised genetic testing in Vietnam and was founded on the
principle that the technological advancements in DNA testing should
be accessible and affordable to everyone. The company provides
comprehensive specialised DNA testing services including
obstetrical genetics; genealogical DNA tests; oncology; and
COVID-19 testing services. Since its establishment 12 years ago,
Gentis has grown strongly with a reputation for outstanding quality
and has become the trusted service provider for more than 100 major
hospitals in Vietnam, as well as consumers. Gentis delivered
revenues of around EUR 10 million in 2021.
Eurofins believes that
specialised genetic testing to support critical healthcare needs
such as the detection of cancers, the detection of chromosomal
disorders during pregnancy and the prevention of genetic disorders,
is a significant growth opportunity. This acquisition will
accelerate Eurofins’ strategy to expand further into these markets
and expand its presence in South East Asia more broadly. Gentis has
a highly successful test and product menu, which will benefit from
the Eurofins network’s broad menu of genetic and genomic tests and
its access to additional markets.
“I am looking forward to
welcoming Gentis and its highly qualified and dedicated team to the
Eurofins network,” commented Dr. Gilles Martin, Eurofins CEO.
“This acquisition demonstrates our commitment to provide testing
solutions to meet critical health, wellness and genetic challenges.
It also supports our growth strategies in both Asia and advanced
specialised clinical diagnostics.”
Notes to Editors:
For more information, please visit www.eurofins.com
About Eurofins – the global leader in bio-analysis
Eurofins is Testing for Life. Eurofins is the global leader in
food, environment, pharmaceutical and cosmetic product testing and
in agroscience Contract Research services. Eurofins is also one of
the market leaders in certain testing and laboratory services for
genomics, discovery pharmacology, forensics, BioPharma Contract
Development and Manufacturing, advanced material sciences and in
the support of clinical studies. The Group also has a rapidly
developing presence in highly specialised and molecular clinical
diagnostic testing and in-vitro diagnostic products.
With 55,000 staff across a decentralised and entrepreneurial
network of 900 laboratories in over 50 countries, Eurofins offers a
portfolio of over 200,000 analytical methods to evaluate the
safety, identity, composition, authenticity, origin, traceability
and purity of a wide range of products, as well as providing
innovative clinical diagnostic testing services and in-vitro
diagnostic products.
The Group’s objective is to provide its customers with
high-quality services, innovative solutions and accurate results on
time. Eurofins is ideally positioned to support its clients’
increasingly stringent quality and safety standards and the
increasing demands of regulatory authorities as well as the
requirements of healthcare practitioners around the world.
In 2020, Eurofins reacted quickly to meet the global challenge
of COVID-19, by creating the capacity to help over 20 million
patients monthly who may have been impacted by the pandemic with
our testing products and our services and directly supporting
healthcare professionals working on the front line to fight the
virus. The Group has established widespread PCR testing
capabilities and has carried out over 30 million tests in its own
laboratories, is supporting the development of a number of vaccines
and has established its SAFER@WORK™ testing, monitoring and
consulting programmes to help ensure safer environments, travel and
events during COVID-19.
Eurofins has grown very strongly since its inception and its
strategy is to continue expanding its technology portfolio and its
geographic reach. Through R&D and acquisitions, the Group draws
on the latest developments in the field of biotechnology and
analytical chemistry to offer its clients unique analytical
solutions.
Shares in Eurofins Scientific are listed on the Euronext Paris
Stock Exchange (ISIN FR0014000MR3, Reuters EUFI.PA, Bloomberg ERF
FP).
Until it has been lawfully made public widely by Eurofins
through approved distribution channels, this document contains
inside information for the purpose of Regulation (EU) 596/2014 of
the European Parliament and of the Council of 16 April 2014 on
market abuse, as amended.
Important disclaimer:
This press release contains forward-looking statements and
estimates that involve risks and uncertainties. The forward-looking
statements and estimates contained herein represent the judgment of
Eurofins Scientific’s management as of the date of this release.
These forward-looking statements are not guarantees for future
performance, and the forward-looking events discussed in this
release may not occur. Eurofins Scientific disclaims any intent or
obligation to update any of these forward-looking statements and
estimates. All statements and estimates are made based on the
information available to the Company’s management as of the date of
publication, but no guarantees can be made as to their completeness
or validity.
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Investor Relations Eurofins Scientific SE Phone: +32 2 766 1620
E-mail: ir@eurofins.com
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