31 Oct 2016 07:15
Hardman Research: Diagnosing growth opportunities
Diagnosing growth opportunities: Omega Diagnostics Group has an established core business providing high quality in vitro diagnostic tests within three core areas of competence - Food Intolerance, Allergy & Autoimmune, Infectious Disease - that are sold in over 100 countries. The group offers steady low single-digit growth which is profitable and cash generative. Investment in new products has seen the launch of a new panel of automated allergy tests and progress on Visitect for diagnosis of HIV. Given Omega's established position, the Board sees opportunities for an accelerated growth strategy.
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