hepatitis

The firm said that the test provides results of HBV status in 15 minutes with high analytical sensitivity, and that testing can be completed while the patient is present.

Deck: Increases in denials from insurers, uncollectible patient balances, and reimbursement pressures negatively affected company revenues.

The test measures hepatitis B viral DNA and is intended to be used to assess prognosis and response to antiviral therapies.

The assay is designed to quantitate HBV DNA in serum or plasma to assist in the treatment of chronic HBV-infected patients receiving antiviral therapy.

The company said its molecular collection systems products saw the highest revenue growth during the quarter as product revenues rose 6 percent overall.

With the patented Dual Path Platform as its foundation, Chembio is expanding its commercial and manufacturing capabilities, its CEO said.

Several companies will receive grants to develop hepatitis C molecular point-of-care and core antigen diagnostic assays.

The company's revenue growth resulted from acquisitions, but Quest faced headwinds from PAMA pricing and reductions in hepatitis C genotyping and vitamin D testing.