Biomerica Wins Bid to Supply Neo-natal TSH Diagnostic Test to Costa Rica

Strategic Insights -

Biomerica, a medical company based in Newport Beach, California, has won a bid to supply its Neo-natal TSH diagnostic test product to the country of Costa Rica. The test is crucial for detecting congenital hypothyroidism in newborns, which can result in irreversible neurological and mental deficiency if left undetected. Biomerica's FDA-cleared test has been selected by the government of Costa Rica due to its high sensitivity and accuracy. This new association is expected to provide Biomerica with greater opportunities in the rapidly expanding South American markets.

Key Takeaways:

  • Biomerica has won a bid to supply its Neo-natal TSH diagnostic test product to Costa Rica to detect congenital hypothyroidism in newborns.
  • The test is essential for normal brain development and growth, and early detection is critical within the first three months following birth.
  • Biomerica's FDA-cleared test has been selected by the Costa Rican government due to its high sensitivity and accuracy.
  • The test can detect congenital hypothyroidism, which can result in irreversible neurological and mental deficiency if left undetected.
  • Biomerica intends to strengthen its distribution and marketing in Central and South America as a result of this new association.
  • Joseph H. Irani, president of Biomerica, stated that this new association should provide Biomerica with greater opportunities in South American markets.

Statistics:

  • 3 months: The critical time period for detecting congenital hypothyroidism in newborns to prevent irreversible neurological and mental deficiency.
  • 100%: The market share that Biomerica aims to capture in Central and South America with its strengthened distribution and marketing efforts.
  • 1995: The year in which Biomerica won the bid to supply its Neo-natal TSH diagnostic test product to Costa Rica.

Sources:

  • PR Newswire (Jan 9, 1995) - Biomerica Announces New Association with Costa Rica
  • Biomerica's press release (Jan 9, 1995) - Biomerica to Supply Neo-natal TSH Diagnostic Test to Costa Rica