Nova Biomedical
↗Waltham, USA
Nova Biomedical is a global leader in the development and manufacturing of advanced technology blood testing analyzers and diagnostic products. Founded in 1976, the company is known for creating the 'gold standard' in several diagnostic categories, including hospital-based glucose and blood gas testing. Their product line serves the clinical, biopharmaceutical, veterinary, and sports medicine markets.
In July 2025, Nova Biomedical was officially acquired and merged with Advanced Instruments, a subsidiary of Patricia Industries (part of Investor AB). The combined entity operates under the Nova Biomedical name, creating a massive life science tools platform that serves over 100 countries. The company integrates blood gas, electrolyte, and cell culture analysis into a unified portfolio for both patient care and biopharmaceutical drug development.
CLASSIFICATION
SIZE & FINANCIALS
Employees:1001-5000
Revenue:$100M-$500M
Founded:1976
Ownership:subsidiary
Status:acquired
FUNDING
Stage:Acquired
Total Raised:$2.2B
Investors:Patricia Industries, Investor AB
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial
Modalities:Blood Gas Analyzers, Glucose Meters, Lactate Analyzers, Cell Culture Analyzers
Active Trials:0
Trial Phases:-
FDA Approvals:50
EMA Approvals:25
CORPORATE STRUCTURE
Parent Company:Advanced Instruments
Acquired By:Advanced Instruments (Patricia Industries / Investor AB) (2025-07-01)
Subsidiaries:Nova Diabetes Care, Nova Biomedical Canada, Ltd., Nova Biomedical France
Key Partnerships:Terumo BCT (Collaboration on automated cell therapy manufacturing solutions), Aidian (Distribution in Nordic regions)
COMPETITION
Position:Leader
Competitors:Radiometer (Danaher), Siemens Healthineers, Werfen, Abbott (Point of Care), Roche Diagnostics, Sartorius (Bioprocess)
LEADERSHIP
Key Executives:
Byron Selman - CEO
Francis Manganaro - Founder and Former CEO
Dr. Chung-Chang Young - Executive VP of R&D
Scientific Founders:Frank Manganaro, Dr. Chung-Chang Young
LINKS
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