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Biohit: GastroPanel Quick Test also works during proton pump inhibitor therapy

BIOBVAnalyst Comment19.08.2026, 08.27
Antti SiltanenAnalyst
Discuss

Summary

  • Biohit announced that a clinical study in India found that proton pump inhibitors (PPIs) do not affect the GastroPanel Quick Test's ability to detect atrophic gastritis, supporting its clinical acceptability.
  • The study, published in Anticancer Research, showed that while PPIs altered biomarker concentrations, they did not reduce the test's diagnostic accuracy, addressing concerns about its clinical utility.
  • Biohit's strategic growth relies on the success of GastroPanel Quick Tests, and the study provides independent evidence to support wider adoption in healthcare protocols and screening programs.
  • While individual studies may not immediately impact revenue, they are crucial for achieving Biohit's targeted annual growth of 15–20% by strengthening sales and marketing efforts.

This content is generated by AI. You can give feedback on it in the Inderes forum.

Translation: Original published in Finnish on 8/19/2026 at 7:00 am EEST.

Biohit announced on Tuesday the results of a new clinical study conducted in India that found commonly used proton pump inhibitors (PPIs) do not reduce the GastroPanel Quick Test's ability to detect atrophic gastritis. This news reinforces the company’s sales arguments and the product’s clinical acceptability, as the widespread use of PPIs could impede the test's broader adoption in primary healthcare.

Study dispels clinical uncertainty

According to a study published in the Anticancer Research journal, regular use of PPIs did not reduce the diagnostic accuracy of the GastroPanel Quick Test in identifying atrophic gastritis although, as expected, the medication affected the concentrations of individual biomarkers. Of the 266 patients enrolled in the study, more than 70% were regular users of PPI medication. Because proton pump inhibitors are very widely used to treat various stomach symptoms, we believe that their potential to interfere with test results has been a significant concern regarding the test’s clinical utility. The independent research evidence now available dispels this uncertainty and may lower the threshold for adopting the test.

Support for the commercialization of quick tests

We have previously emphasized that Biohit’s long-term strategic growth hinges greatly on the success of the GastroPanel Quick Tests (venous blood and fingertip blood tests) in both new and existing markets. For quick tests to be adopted more widely as part of healthcare treatment protocols and potential screening programs, the company needs strong, independent clinical evidence supporting the test’s reliability across various patient groups. The newly published study complements previous evidence and provides the company's distributor network with tools to support sales and marketing. Although individual studies do not directly translate into revenue in the short term, we estimate that they are important building blocks for achieving the company's targeted annual growth of 15–20%.

Biohit operates in the medical technology sector. The company develops and manufactures laboratory equipment, consumables and diagnostic analysis systems adapted for research, healthcare and industrial laboratories. In addition to its main business, it offers technical support, maintenance and training services within the aforementioned field of work. The largest operations are conducted in the Nordic market. The company has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures05.08

202526e27e
Revenue15.716.317.9
growth-%9.6 %3.6 %10.0 %
EBIT (adj.)2.93.02.9
EBIT-% (adj.)18.5 %18.2 %16.4 %
EPS (adj.)0.180.170.17
Dividend0.000.050.05
Dividend %1.9 %1.9 %
P/E (adj.)20.815.716.2
EV/EBITDA15.911.37.4

Forum discussions

Here are Antti’s comments on this latest PRESS release Biohit announced on Tuesday a new clinical study conducted in India, according to which...
6 hours ago
by Sijoittaja-alokas
2
New study: Acid-suppressing medication did not impair the ability of the GastroPanel® quick test to diagnose atrophic gastritis Biohit Oyj Press...
yesterday
by Pohjolan Eka
8
Quite right; it is good that you urge us investors to be cautious when you see cause for it
8/7/2026, 12:05 PM
by Hermot Lehman
6
I certainly agree that counterparty risk is always present, and it is true that it should be highlighted. In this case, it encompasses much ...
8/6/2026, 3:06 PM
by PeterPan
8
A quick look at the past might be useful here. In the H1’24 report, I noticed that the balance sheet item “trade receivables and other receivables...
8/6/2026, 1:25 PM
by Antti Siltanen
19
That is more or less how I have interpreted the matter as well, and I don’t see any new risks or surprises in how these are accumulating. They...
8/6/2026, 12:29 PM
by PeterPan
2
I think the problem is simply that there is no way for an outsider to assess the risk involved in collecting these receivables. Even the collateral...
8/6/2026, 12:27 PM
by JP199
3