Biomerica's EZ Detect Test Approved for Sale in Vietnam
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy BMRA?
Biomerica announced that Vietnam's Hanoi Department of Health has officially approved the EZ Detect colorectal disease at-home screening test for sales and distribution throughout Vietnam. Biomerica is working with a major healthcare products distributor in Vietnam who will manage the sales and distribution of the product through pharmacies, hospitals, physician's offices, and direct online sales channels. "This approval is a milestone in Biomerica's global expansion and represents a meaningful opportunity to save lives in a region with high unmet need and growing commitment to improving healthcare access.," said Zack Irani, CEO of Biomerica. "We are committed to working with our distribution partner to ensure this tool reaches as many Vietnamese citizens as possible. This approval also serves as a template for expansion across additional Southeast Asian markets. Access to simple, at-home screening tests is an important step towards saving lives around the world, and we remain dedicated to our mission of providing easier access to healthcare solutions that make a real difference."
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About BMRA
Biomerica, Inc. is a biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products. Its diagnostic test kits are utilized in the analysis of blood, urine, nasal, or fecal samples for the diagnosis of various diseases, food intolerances, and other medical conditions. Its range of medical diagnostic products is sold primarily in two markets: clinical laboratories and point-of-care settings, including physicians’ offices and over-the-counter sales. It is focused on research and development efforts and is its patented diagnostic-guided therapy (DGT) product, developed on the in Foods technology platform. Its inFoods IBS product, uses a simple blood test to identify patient-specific foods that, when eliminated, may alleviate IBS symptoms such as pain, bloating, diarrhea, cramping, and constipation. Its hp+detect, a new diagnostic test for detecting Helicobacter pylori (H. pylori) bacteria in the gastrointestinal tract.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Biomerica (BMRA) Reports Q2 Loss of $1.32 Million, Revenue Down 26.2%
- Widening Losses: Biomerica reported a net loss of $1.32 million in Q2, a 39.5% increase from last year's loss of $0.95 million, indicating greater pressure on the company's profitability.
- Revenue Decline: The company's revenue fell to $1.21 million, down 26.2% from $1.64 million last year, reflecting weak market demand and sales challenges that could impact future liquidity.
- Performance Comparison: The loss per share widened from $0.09 to $0.12 compared to the same period last year, suggesting that efforts to control costs and boost revenue have not yielded expected results.
- Market Outlook: With both revenue and profitability declining, Biomerica may need to reassess its market strategy to navigate the current economic environment and competitive pressures in the industry.
See More
Biomerica (BMRA) Reports Q2 Net Loss of $1.32M, Revenue Down 26.2% YoY
- Financial Performance Decline: Biomerica reported a Q2 net loss of $1.32 million, which is a 39% increase from a $0.95 million loss in the same quarter last year, indicating greater pressure on the company's profitability.
- Significant Revenue Drop: The company's revenue fell to $1.21 million, down 26.2% year-over-year, reflecting weak market demand and insufficient sales strategies, which could impact future liquidity.
- Investor Attention: As financial performance worsens, investor interest in Biomerica is likely to increase, potentially leading to heightened stock price volatility and affecting the company's ability to raise capital in the market.
- Uncertain Future Outlook: Given the current financial situation, Biomerica needs to reassess its business strategy to address market challenges and restore growth potential.
See More
Biomerica (BMRA) Launches AI-Driven IBS Test Amid 4% Revenue Decline
- Collaborative Promotion: Biomerica entered a marketing services agreement with Henry Schein to support the commercialization of its inFoods®IBS test in the U.S., aiming to enhance awareness among healthcare providers and drive broader adoption in clinical practice.
- AI Tool Launch: The introduction of the inFoods®IBS Trigger Food Navigator, an AI-driven digital companion tool designed to improve patient dietary compliance and treatment success, helps patients identify 2 to 4 specific foods that trigger IBS symptoms, providing a personalized dietary plan.
- Medicare Payment Rate Established: The CMS set a national Medicare payment rate of $300 for the inFoods®IBS test, effective January 1, 2026, which will expand patient access to the product through the Medicare system, enhancing market penetration.
- International Expansion Authorization: The Egyptian Drug Authority authorized Biomerica's complete screening test portfolio, further expanding access to the company's rapid diagnostic solutions in Egypt and supporting the ongoing international expansion of Biomerica's diagnostic products.
See More
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- Substantial Market Potential: With approximately 30 million IBS patients in the U.S., the inFoods IBS test addresses this unmet medical need through a personalized diagnostic approach, likely driving the company's market share in the rapidly growing gastrointestinal disease sector.
- Strong Clinical Validation: In a multicenter randomized controlled trial, 59.6% of patients who eliminated trigger foods identified by the inFoods IBS test achieved abdominal pain reduction, significantly higher than the 42.2% in the control group, providing robust clinical support for product marketing.
- Optimized Commercial Strategy: Biomerica plans to use the CMS payment rate as a benchmark for negotiations with private insurers while expanding collaborations with gastroenterology practices to further enhance market penetration.
See More
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- Market Access Breakthrough: Biomerica has received authorization from the Egyptian Drug Authority to promote its rapid screening tests, which is expected to significantly enhance early detection rates for cancers and chronic diseases in Egypt, addressing the growing health needs of the population.
- Diverse Product Portfolio: The authorization covers multiple products including the EZ Detect™ Colon Disease Test, Aware® Breast Self Exam, and Fortel Prostate PSA Test, designed to support early disease identification through convenient home testing, thereby reducing healthcare costs.
- Addressing Public Health Challenges: With colorectal cancer incidence in Egypt at approximately 5-10 cases per 100,000 people annually, Biomerica's testing tools will aid in identifying high-risk populations, facilitating a shift in national public health policies towards early detection and improving patient outcomes.
- Strategic Expansion Plans: This authorization not only strengthens Biomerica's market position in the Middle East and North Africa but also provides opportunities for large-scale screening initiatives in underserved areas, further advancing global preventive healthcare trends.
See More
Biomerica Receives EDA Authorization for Cancer Screening Tests in Egypt
- Comprehensive Screening Authorization: Biomerica's rapid testing portfolio has received authorization from the Egyptian Drug Authority, covering cancers and chronic diseases, marking a significant breakthrough in the Egyptian market and expected to significantly enhance early detection rates.
- Convenient Testing Tools: The EZ Detect™ Colon Disease Test provides results within two minutes without stool handling, greatly facilitating user convenience and supporting early detection of colorectal diseases, thereby reducing late-stage diagnosis risks.
- Addressing Market Needs: With colorectal cancer incidence at 5-10 cases per 100,000 people annually in Egypt and breast cancer being the most common among women, Biomerica's products will help improve early screening, reduce mortality rates, and enhance public health outcomes.
- Strategic Expansion Plans: This authorization not only strengthens Biomerica's market position in the Middle East and North Africa but also provides opportunities for large-scale screening initiatives in resource-limited areas, aligning with global preventive healthcare trends.
See More
Biomerica (BMRA) Reports Q2 Loss of $1.32 Million, Revenue Down 26.2%
- Widening Losses: Biomerica reported a net loss of $1.32 million in Q2, a 39.5% increase from last year's loss of $0.95 million, indicating greater pressure on the company's profitability.
- Revenue Decline: The company's revenue fell to $1.21 million, down 26.2% from $1.64 million last year, reflecting weak market demand and sales challenges that could impact future liquidity.
- Performance Comparison: The loss per share widened from $0.09 to $0.12 compared to the same period last year, suggesting that efforts to control costs and boost revenue have not yielded expected results.
- Market Outlook: With both revenue and profitability declining, Biomerica may need to reassess its market strategy to navigate the current economic environment and competitive pressures in the industry.
See More
Biomerica (BMRA) Reports Q2 Net Loss of $1.32M, Revenue Down 26.2% YoY
- Financial Performance Decline: Biomerica reported a Q2 net loss of $1.32 million, which is a 39% increase from a $0.95 million loss in the same quarter last year, indicating greater pressure on the company's profitability.
- Significant Revenue Drop: The company's revenue fell to $1.21 million, down 26.2% year-over-year, reflecting weak market demand and insufficient sales strategies, which could impact future liquidity.
- Investor Attention: As financial performance worsens, investor interest in Biomerica is likely to increase, potentially leading to heightened stock price volatility and affecting the company's ability to raise capital in the market.
- Uncertain Future Outlook: Given the current financial situation, Biomerica needs to reassess its business strategy to address market challenges and restore growth potential.
See More
Biomerica (BMRA) Launches AI-Driven IBS Test Amid 4% Revenue Decline
- Collaborative Promotion: Biomerica entered a marketing services agreement with Henry Schein to support the commercialization of its inFoods®IBS test in the U.S., aiming to enhance awareness among healthcare providers and drive broader adoption in clinical practice.
- AI Tool Launch: The introduction of the inFoods®IBS Trigger Food Navigator, an AI-driven digital companion tool designed to improve patient dietary compliance and treatment success, helps patients identify 2 to 4 specific foods that trigger IBS symptoms, providing a personalized dietary plan.
- Medicare Payment Rate Established: The CMS set a national Medicare payment rate of $300 for the inFoods®IBS test, effective January 1, 2026, which will expand patient access to the product through the Medicare system, enhancing market penetration.
- International Expansion Authorization: The Egyptian Drug Authority authorized Biomerica's complete screening test portfolio, further expanding access to the company's rapid diagnostic solutions in Egypt and supporting the ongoing international expansion of Biomerica's diagnostic products.
See More
Biomerica Announces $300 Medicare Payment for inFoods IBS Test
- Medicare Payment Established: CMS has set a national Medicare payment rate of $300 for Biomerica's inFoods IBS test, effective January 1, 2026, which is expected to significantly enhance patient access and lay a foundation for the company's future commercial growth.
- Substantial Market Potential: With approximately 30 million IBS patients in the U.S., the inFoods IBS test addresses this unmet medical need through a personalized diagnostic approach, likely driving the company's market share in the rapidly growing gastrointestinal disease sector.
- Strong Clinical Validation: In a multicenter randomized controlled trial, 59.6% of patients who eliminated trigger foods identified by the inFoods IBS test achieved abdominal pain reduction, significantly higher than the 42.2% in the control group, providing robust clinical support for product marketing.
- Optimized Commercial Strategy: Biomerica plans to use the CMS payment rate as a benchmark for negotiations with private insurers while expanding collaborations with gastroenterology practices to further enhance market penetration.
See More
Biomerica Secures EDA Authorization for Multiple Cancer Screening Tests
- Market Access Breakthrough: Biomerica has received authorization from the Egyptian Drug Authority to promote its rapid screening tests, which is expected to significantly enhance early detection rates for cancers and chronic diseases in Egypt, addressing the growing health needs of the population.
- Diverse Product Portfolio: The authorization covers multiple products including the EZ Detect™ Colon Disease Test, Aware® Breast Self Exam, and Fortel Prostate PSA Test, designed to support early disease identification through convenient home testing, thereby reducing healthcare costs.
- Addressing Public Health Challenges: With colorectal cancer incidence in Egypt at approximately 5-10 cases per 100,000 people annually, Biomerica's testing tools will aid in identifying high-risk populations, facilitating a shift in national public health policies towards early detection and improving patient outcomes.
- Strategic Expansion Plans: This authorization not only strengthens Biomerica's market position in the Middle East and North Africa but also provides opportunities for large-scale screening initiatives in underserved areas, further advancing global preventive healthcare trends.
See More
Biomerica Receives EDA Authorization for Cancer Screening Tests in Egypt
- Comprehensive Screening Authorization: Biomerica's rapid testing portfolio has received authorization from the Egyptian Drug Authority, covering cancers and chronic diseases, marking a significant breakthrough in the Egyptian market and expected to significantly enhance early detection rates.
- Convenient Testing Tools: The EZ Detect™ Colon Disease Test provides results within two minutes without stool handling, greatly facilitating user convenience and supporting early detection of colorectal diseases, thereby reducing late-stage diagnosis risks.
- Addressing Market Needs: With colorectal cancer incidence at 5-10 cases per 100,000 people annually in Egypt and breast cancer being the most common among women, Biomerica's products will help improve early screening, reduce mortality rates, and enhance public health outcomes.
- Strategic Expansion Plans: This authorization not only strengthens Biomerica's market position in the Middle East and North Africa but also provides opportunities for large-scale screening initiatives in resource-limited areas, aligning with global preventive healthcare trends.
See More
