About Binax
Binax is a company based in Portland (United States) founded in 1986 was acquired by Abbott in February 2005.. Binax offers products and services including BinaxNOW COVID-19 Antigen Self Test and BinaxNOW COVID-19/Flu A&B Combo Self Test. Binax operates in a competitive market with competitors including Inflammatix, Karius, MeMed, Visby Medical and GenMark Diagnostics, among others.
- Headquarter Portland, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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Latest Funding Round
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Acquired by
Abbott
(Feb 07, 2005)
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Products & Services of Binax
Binax offers a comprehensive portfolio of products and services, including BinaxNOW COVID-19 Antigen Self Test and BinaxNOW COVID-19/Flu A&B Combo Self Test. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rapid at-home test for detecting COVID-19 proteins.
Combined test for COVID-19 and influenza A and B detection.
Funding Insights of Binax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Binax
Binax has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Abbott Global Point of Care. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Rapid diagnostics products and solutions for point-of-care testing are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Binax
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Binax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Binax Comparisons
Competitors of Binax
Binax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Inflammatix, Karius, MeMed, Visby Medical and GenMark Diagnostics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of diagnostic solutions for systemic infections
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Developer of a non-invasive pathogen blood test for the detection of infectious diseases
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Provider of machine learning based diagnostic solutions for infectious diseases
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| domain | founded_year | HQ Location |
Portable PCR diagnostics for infectious diseases are developed.
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| domain | founded_year | HQ Location |
Instruments and test panels for multiplexed molecular diagnostics are provided.
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| domain | founded_year | HQ Location |
Diagnostic technologies for infectious, cancer, and neurological diseases are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Binax
When was Binax founded?
Binax was founded in 1986.
Where is Binax located?
Binax is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
What does Binax do?
Binax is focused in the development, manufacture, and marketing of a wide range of diagnostic tests for infectious diseases. The company sells a range of lateral flow immunochromatographic assay based tests for Legionella pneumophila, Streptococcus pneumoniae, Strep A, Flu A, Flu B, Ragged stunt virus, NOW Malaria, Hepatitis B, and Filariasis tests. The company was acquired by Inverness Medical Innovations, Inc in Feb, 2005.
Who are the top competitors of Binax?
Binax's top competitors include Visby Medical, Inflammatix and MeMed.
What products or services does Binax offer?
Binax offers BinaxNOW COVID-19 Antigen Self Test and BinaxNOW COVID-19/Flu A&B Combo Self Test.
Who are Binax's investors?
Binax has 1 investor. Key investors include Abbott Global Point of Care.