Chembio

Medford, United States Founded: 1986 • Age: 40 yrs Acquired By Biosynex
Proprietary immunoassay platform is utilized for infectious disease diagnostics.
Annual revenue $49.5M Latest available
Total funding - 6 rounds
Employees 213 Tracked headcount
Investors 3 Known backers
Products 5 Services tracked
Competitors 9 Brand Intelligence

About Chembio

Chembio is a company based in Medford (United States) founded in 1986 was acquired by Biosynex in January 2023. The company has 213 employees as of December 31, 2022. Chembio has completed 1 acquisition, including Orangelife Comercio E Industria. Chembio offers products and services including DPP HIV-Syphilis Assay, DPP HIV 1/2 Assay, SURE CHECK HIV Self-Test, DPP Zika IgM/IgG System, and Advin COVID-19 Antigen Test. Chembio operates in a competitive market with competitors including Souzhou Ribo Life Science, PathoQuest, Quantalife, Senzo and Hememics Biotechnologies, among others.

  • Headquarter Medford, United States
  • Employees 213 as on 31 Dec, 2022
  • Stage Public
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Chembio Diagnostics, Inc.
Operational Areas
Healthcare → Healthcare Products & Supplies
Key Metrics
  • Annual Revenue
    $49.52 M (USD)
    4
    as on Dec 31, 2022
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $20 M (USD), Debt – Conventional

    Sep 04, 2019

  • Investors
    HHS

    & 2 more

  • Employee Count
    213

    as on Dec 31, 2022

  • Investments & Acquisitions
  • Acquired by
    Biosynex

    (Jan 31, 2023)

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Products & Services of Chembio

Chembio offers a comprehensive portfolio of products and services, including DPP HIV-Syphilis Assay, DPP HIV 1/2 Assay, SURE CHECK HIV Self-Test, DPP Zika IgM/IgG System, and Advin COVID-19 Antigen Test.

Primary

Rapid test for detecting HIV and syphilis in blood samples.

Assay for identifying HIV types 1 and 2 quickly and accurately.

Home-based test kit for HIV detection with easy user instructions.

System for detecting Zika virus antibodies in clinical settings.

Antigen test for rapid COVID-19 detection at home or point-of-care.

People of Chembio

Headcount 50-200
Employee Profiles 23
Employee Profiles
People
Atif Rizvi
VP, Finance
People
Tom Ippolito
Vice President, Quality and Regulatory Affairs
People
Stella Rivera
VP, Human Resources
People
Neil A. Goldman
Executive Vice President & CFO

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Funding Insights of Chembio

  • Total Funding
  • Total Rounds 6
  • Last Round Debt – Conventional — $20.0M
  • First Round

    (01 Jun 2007)

  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2019 Amount Debt – Conventional - Chembio Valuation

investors

Feb, 2011 Amount Grant - Chembio Valuation

investors

HHS
Jun, 2009 Amount Grant - Chembio Valuation

investors

HHS

Investors in Chembio

Chembio has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS, Biosynex and Perceptive Advisors.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Health-tech companies are targeted for venture capital investments.
Founded Year Domain Location
Public health and human services are overseen by HHS.
Founded Year Domain Location
Professional rapid diagnostic tests for diseases are manufactured by Biosynex.
Founded Year Domain Location

Investments & Acquisitions by Chembio

Chembio has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Orangelife Comercio E Industria.

Investments
Acquisitions
Company Name Description Domain Location Founded Year Amount
Diagnostic test kits are manufactured for healthcare applications.
2011

Financial Statements - Chembio

Chembio Comparisons

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Competitors of Chembio

Chembio 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 Souzhou Ribo Life Science, PathoQuest, Quantalife, Senzo and Hememics Biotechnologies, among others.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Nucleic acid drugs are developed via RNA interference technology.
domain founded_year HQ Location
Next-generation sequencing is provided for microbiology testing applications.
domain founded_year HQ Location
Provide tools that accelerate new strategies for the diagnosis and treatment of inherited disorders, cancer, and infectious disease.
domain founded_year HQ Location
Point-of-care diagnostic devices for infectious diseases are developed.
domain founded_year HQ Location
Biopreservation platform for mammalian cells and biologics is developed.

Latest news on Chembio

Frequently Asked Questions about Chembio

Chembio was founded in 1986 and raised its 1st funding round 21 years after it was founded.

Chembio is headquartered in Medford, United States. It is registered at Medford, Oregon, United States.

Richard Eberly is the current CEO of Chembio.

As of Dec 31, 2022, the latest employee count at Chembio is 213.

Annual revenue of Chembio is $49.52M as on Dec 31, 2022.

Chembio Diagnostics, Inc. was established in 1986 in Medford, United States, within the medical diagnostics sector. Rapid tests for infectious diseases, including two FDA PMA-approved, CLIA-waived HIV assays, are produced using the patented Dual Path Platform technology. In the U.S., these HIV tests are distributed by Alere, Inc. Internationally, the HIV STAT-PAK line is supplied to government and donor-funded programs through direct sales and distributors.

Chembio's top competitors include Souzhou Ribo Life Science, Quantalife and Senzo.

Chembio offers DPP HIV-Syphilis Assay, DPP HIV 1/2 Assay, SURE CHECK HIV Self-Test, DPP Zika IgM/IgG System, and Advin COVID-19 Antigen Test.

Chembio has made 1 acquisition, including Orangelife Comercio E Industria.

Chembio has 3 investors. Key investors include HHS, Biosynex, and Perceptive Advisors.

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