Kelsy Ketchum

Articles Authored by Kelsy Ketchum
Abbott Q4 Diagnostics Revenues Fall 26 Percent on Declining COVID-19 Sales
The company announced that its total revenues for the quarter declined 12 percent, while revenues for the full year rose 1 percent.

Danaher Q4 Revenues Rise 3 Percent Despite Difficulties in China
The firm's Life Sciences segment saw 8 percent growth year over year, while the Diagnostics sector rose 3 percent in the quarter.
Among potential growth opportunities, the firm's new CEO noted hospital lab M&A and STD and cancer testing.
PerkinElmer Becoming Pure Play Dx, Life Science Firm, Spurred on by COVID Innovations
At the JP Morgan conference, the firm's CEO said that it chose to divest its applied, food, and enterprise businesses due to innovations it achieved during the pandemic.
The company is planning to launch a 4-in-1 prenatal screening test, a liquid biopsy test, and a minimal residual disease assay in the coming year.
COVID-19 Still a Focus for Infectious Disease Test Developers in 2022, but Ceded Some Ground
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Tests for other respiratory viruses, as well as sexually transmitted infections and tuberculosis, moved back into the development pipeline last year.
Both the number of mergers and acquisitions and the size of deals decreased in 2022 compared to the highs of 2021 and 2020.

The firm has commercialized its pancreatic cancer test and has its sights set on an ovarian cancer test launching in 2023.
As initial public offerings and mergers and acquisitions declined in 2022, diagnostics firms found it harder to get funding for R&D and commercialization efforts.

Virax Biolabs Preparing T-Cell Testing Platform to Provide Consumers With Immune Status Info
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The firm is developing a platform to determine adaptive immunity to a variety of diseases, including COVID-19 and influenza A.