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Novacyt Revenue Jumps 18% in First Half on Strong Diagnostics Demand
Molecular diagnostics company Novacyt reported first-half 2026 revenue of £11.6 million, an 18% increase compared to the same period in the prior year. The France-based firm attributed the growth to strong performance across its key business segments and expanded regional sales.
Key Growth Drivers
The company's instrumentation segment was a significant contributor, recording approximately 30% year-over-year growth. Novacyt credited this performance to the market adoption of its LightBench Discover platform.
The clinical segment also delivered robust results, with revenue growing more than 20%. This was supported by demand for its non-invasive prenatal testing technology and sales of products related to sickle cell disease. Additionally, the acquisition of Southern Cross Diagnostics in March contributed £1.8 million to revenue in the post-acquisition period.
AdRegional Performance and Outlook
Novacyt saw notable growth in key international markets. Revenue from the Americas rose by over 30%, while the Asia-Pacific region saw an increase of about 22%. The company stated that instrument sales and demand for reproductive health products drove performance in both regions.
Looking ahead, Novacyt is conducting a restructuring program that it expects will deliver up to £4.0 million in annualized cost savings. The company also anticipates receiving IVDR accreditation for its DPYD kit in the coming months.
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