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The firm's various COVID-19 molecular test offerings offset declines in core laboratory and point-of-care segments.

The company said it has signed a US distribution agreement for its COVID-19 test with an undisclosed strategic partner.

Of the 28 companies in the index, 21 firms saw their stock prices increase throughout the first half of the year, while seven firms' share prices decreased.

The firm withdrew its 2020 revenue guidance and missed Wall Street estimates for both revenues and earnings.

Increased revenues in the company's life science segment due to demand for its COVID-19-related products drove Meridian's overall growth.

The firm said international sales of its OraQuick HIV products increased 74 percent year over year, driven by sales of its OraQuick HIV Self-Test.

The company's revenue growth was driven by increasing sales of its ePlex molecular diagnostics analyzer, which now has a SARS-CoV-2 test.

The firm's first quarter molecular diagnostics revenues were up 28 percent over Q1 2019 to $45.2 million.

Fulgent saw a 75 percent increase year over year in billable tests, leading to revenues of $7.8 million. It also withdrew its 2020 full-year revenue guidance.

In parallel with the release of its financial results, Hologic announced that it plans to launch a new Aptima molecular assay to detect the SARS-CoV-2 virus that will run on its Panther system.

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