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The European Commission recently awarded the company a two-year, €2.6 million Horizon 2020 grant to achieve its ambitions.
The revenue increase was driven by significant growth in the conglomerate's life sciences segment.
The test runs on multiple GeneXpert systems and tests nasopharyngeal and nasal swabs or nasal wash/aspirate specimens.
A consortium led by the Barcelona-based company recently received €150,000 in EU funding to bring the platform to market.
French startup SeqOne has adapted its sequencing data-analysis platform to support a new method for high-throughput processing of coronavirus tests in its home country.
The assay detects 10 STIs and is performed on the molecular point-of-care Vivalytic platform, which was codeveloped by German company Bosch.
Abbott highlighted its next-generation Alinity platforms, and Caris discussed its plans to provide precision oncology services.
Targos' CEO said that the various levels of multiplexing and throughput of Ultivue's assays' present a strategic fit for his firm's clinical research services.
The test detects 20 common viruses and bacteria that cause upper respiratory infections using the firm's high-throughput, automated MDx-3000 instrument.
Stakeholders discussed last year's decision by Palmetto to deny coverage for large respiratory panels and discussed the way forward for test developers and labs.