Biohit
Encyclopedia
Biohit Oyj is a Finnish company which develops, manufactures, and markets liquid handling
products for use in research
and health care
.
by Professor Osmo Suovaniemi (M.D., Ph.D.). He stepped down from the CEO position in June 2011, but remains actively involved with the company through positions on several advisory boards. Professor Suovaniemi was replaced as CEO by the former VP of Administration and Legal Affairs, Jussi Heiniö.
, the rest are spread evenly around the world.
s, pipette tips, as well as maintenance services (for the electronic pipettes). They estimate that worldwide, the pipette market is worth EUR 500 million (in sales). They expect that in the coming years, the mechanical pipette market to grow at 5% annually and the electronic pipette market to grow at 10% annually.
, screening. and prevention of diseases of the gastrointestinal tract
. The product range includes GastroPanel examinations which are performed on a blood sample and used to diagnose diseases of the stomach
and the risks associated with these diseases.
Other products include tests for lactose intolerance
; Helicobacter pylori
infection; fecal occult blood
, a well-known marker for colorectal cancer
; instruments for analyzing test results; and Acetium, an over-the-counter intended to bind/deactivate acetaldehyde
in the GI tract and thus reduce the risk of developing gastrointestinal caner..
each year and pursues an aggressive patenting strategy.
s, including 9 subsidiaries, in 70 countries is selling Biohit products.
Pipette
A pipette is a laboratory tool used to transport a measured volume of liquid.-Use and variations:Pipettes are commonly used in molecular biology, analytical chemistry as well as medical tests...
products for use in research
Research
Research can be defined as the scientific search for knowledge, or as any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method...
and health care
Health care
Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers...
.
History
Biomet was been established in 1988 in FinlandFinland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
by Professor Osmo Suovaniemi (M.D., Ph.D.). He stepped down from the CEO position in June 2011, but remains actively involved with the company through positions on several advisory boards. Professor Suovaniemi was replaced as CEO by the former VP of Administration and Legal Affairs, Jussi Heiniö.
Markets
Biomet's two businesses are liquid handling and diagnostics. Almost 95% of sales come from liquid handling, but much a lot of their research and marketing efforts focus on their diagnostics business. More than half of Biomet's sales occur in EuropeEurope
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, the rest are spread evenly around the world.
Liquid Handling
The company's primary business is in liquid handling, in which they are one of the global market leaders. In this market, Biomet offers several lines of mechanical and electronic pipettePipette
A pipette is a laboratory tool used to transport a measured volume of liquid.-Use and variations:Pipettes are commonly used in molecular biology, analytical chemistry as well as medical tests...
s, pipette tips, as well as maintenance services (for the electronic pipettes). They estimate that worldwide, the pipette market is worth EUR 500 million (in sales). They expect that in the coming years, the mechanical pipette market to grow at 5% annually and the electronic pipette market to grow at 10% annually.
Diagnostics
Biohit's also has a small diagnostic business which focuses on products and technologies for the diagnosisDiagnosis
Diagnosis is the identification of the nature and cause of anything. Diagnosis is used in many different disciplines with variations in the use of logics, analytics, and experience to determine the cause and effect relationships...
, screening. and prevention of diseases of the gastrointestinal tract
Gastrointestinal tract
The human gastrointestinal tract refers to the stomach and intestine, and sometimes to all the structures from the mouth to the anus. ....
. The product range includes GastroPanel examinations which are performed on a blood sample and used to diagnose diseases of the stomach
Stomach
The stomach is a muscular, hollow, dilated part of the alimentary canal which functions as an important organ of the digestive tract in some animals, including vertebrates, echinoderms, insects , and molluscs. It is involved in the second phase of digestion, following mastication .The stomach is...
and the risks associated with these diseases.
Other products include tests for lactose intolerance
Lactose intolerance
Lactose intolerance, also called lactase deficiency or hypolactasia, is the inability to digest and metabolize lactose, a sugar found in milk...
; Helicobacter pylori
Helicobacter pylori
Helicobacter pylori , previously named Campylobacter pyloridis, is a Gram-negative, microaerophilic bacterium found in the stomach. It was identified in 1982 by Barry Marshall and Robin Warren, who found that it was present in patients with chronic gastritis and gastric ulcers, conditions that were...
infection; fecal occult blood
Fecal occult blood
Fecal occult blood refers to blood in the feces that is not visibly apparent. A fecal occult blood test checks for hidden blood in the stool...
, a well-known marker for colorectal cancer
Colorectal cancer
Colorectal cancer, commonly known as bowel cancer, is a cancer caused by uncontrolled cell growth , in the colon, rectum, or vermiform appendix. Colorectal cancer is clinically distinct from anal cancer, which affects the anus....
; instruments for analyzing test results; and Acetium, an over-the-counter intended to bind/deactivate acetaldehyde
Acetaldehyde
Acetaldehyde is an organic chemical compound with the formula CH3CHO or MeCHO. It is one of the most important aldehydes, occurring widely in nature and being produced on a large scale industrially. Acetaldehyde occurs naturally in coffee, bread, and ripe fruit, and is produced by plants as part...
in the GI tract and thus reduce the risk of developing gastrointestinal caner..
Research, Development, and Intellectual Property
Biohit spends roughly €2.5 million on basic researchBasic Research
Basic Research is an herbal supplement and cosmetics manufacturer based in Salt Lake City, Utah that distributes products through a large number of subsidiaries. In addition, their products are sold domestically and internationally through a number of high-end retailers. Dennis Gay is the...
each year and pursues an aggressive patenting strategy.
Distribution Network
A network of 200 distributorDistributor
A distributor is a device in the ignition system of an internal combustion engine that routes high voltage from the ignition coil to the spark plugs in the correct firing order. The first reliable battery operated ignition was developed by Dayton Engineering Laboratories Co. and introduced in the...
s, including 9 subsidiaries, in 70 countries is selling Biohit products.