OraSure Technologies

OraSure Technologies

About OraSure Technologies

Simplify's Rating
Why OraSure Technologies is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Social Impact

Biotechnology

Healthcare

Company Size

201-500

Company Stage

IPO

Headquarters

Bethlehem, Pennsylvania

Founded

1987

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • The BARDA award supports development of a rapid Marburg virus test.
  • Investment in Sapphiros provides access to next-gen consumer diagnostic technologies.
  • Jack Kenny's board appointment strengthens strategic growth and market expansion.

What critics are saying

  • Integration of Sherlock Biosciences may face cultural and operational challenges.
  • Regulatory hurdles could delay new diagnostic test launches.
  • Increased competition in molecular diagnostics may impact OraSure's market share.

What makes OraSure Technologies unique

  • OraSure's acquisition of Sherlock Biosciences enhances its molecular diagnostics capabilities.
  • The company is a leader in point-of-care and home diagnostic tests.
  • OraSure's strategic distribution agreement expands its presence in the U.S. syphilis testing market.

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Funding

Total Funding

$137.6M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Parental Leave

Mental Health Support

Training Programs

Hybrid Work Options

Company News

OraSure Technologies
Jan 7th, 2025
OraSure to Present at the J.P Morgan Healthcare Conference

OraSure to present at the J.P Morgan Healthcare Conference.

TipRanks
Dec 19th, 2024
OraSure Technologies Acquires Sherlock Biosciences for Growth

OraSure Technologies announced the acquisition of Sherlock Biosciences, a move that is expected to enhance their portfolio with next-generation molecular diagnostics.

GlobeNewswire
Dec 19th, 2024
Orasure Technologies Acquires Sherlock Biosciences

BETHLEHEM, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (“OTI”) (NASDAQ: OSUR), a leader in point-of-need and home diagnostic tests and sample management solutions, today announced the acquisition of Sherlock Biosciences, Inc., a global health company bringing next-generation diagnostics to consumers and healthcare providers. This acquisition expands OraSure’s innovation pipeline with the addition of Sherlock’s molecular diagnostics platform, which is able to provide rapid results with strong sensitivity and specificity in a disposable format that is well-suited for over-the-counter usage. Sherlock’s first molecular self-test is for Chlamydia Trachomatis (CT) and Neisseria Gonorrhoeae (NG) which will expand OraSure’s portfolio of rapid diagnostics for sexually transmitted infections (STIs), subject to regulatory approvals. Test results are expected to be provided in under 30 minutes by analyzing DNA and RNA from self-collected swabs using isothermal amplification

LinksBridge
Dec 4th, 2024
BARDA funds rapid test development for Marburg, melioidosis

OraSure Technologies has won a $7.5 million multiyear award from BARDA to develop a rapid antigen test for Marburg virus, according to a Monday press release.

PRWeb
Sep 18th, 2024
Slone Partners Places Jack Kenny On Board Of Directors At Orasure Technologies

"Jack Kenny possesses a broad range of experience in the diagnostics field, having served in roles responsible for acquisition integration, commercial leadership, and product management," said Kim Wilson, Senior Vice President, Executive Search and Partner at Slone Partners

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