Bioventix Reports Revenue Growth and Expands Market Reach

Bioventix (GB:BVXP) has released an update.

Bioventix PLC reported a 6% increase in revenue to £13.6 million and a 5% rise in profit before tax to £10.6 million for the fiscal year ending June 2024. The company’s significant revenue is derived from their high-affinity monoclonal antibodies used in clinical diagnostics, seeing particular growth in the vitamin D and thyroid function sectors. While facing challenges in troponin royalties, Bioventix is optimistic about new applications in cardiac risk assessment and continued growth in the Chinese market.

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