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OraSure Technologies, Inc. Consolidates Microbiome Services Subsidiaries

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OraSure Technologies (NASDAQ: OSUR) has announced the unification of its microbiome service offerings under the Diversigen brand, combining its CoreBiome and Diversigen subsidiaries. This strategic rebranding aims to enhance service quality and innovation in the fast-growing microbiome industry, backed by over a century of combined scientific experience and extensive publication credentials. The move is expected to streamline service delivery and provide clients with advanced solutions for metagenomics, bioinformatics, and statistical analysis.

Positive
  • The unification under the Diversigen brand enhances service innovation and quality.
  • Combining expertise from CoreBiome and Diversigen brings over 100 years of microbiome experience.
  • The rebranding positions Diversigen as a leading brand in the microbiome services industry.
Negative
  • None.

All Microbiome Services to be Unified under the Diversigen Brand

BETHLEHEM, Pa., May 12, 2020 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (NASDAQ:OSUR), a leader in point-of-care diagnostic tests, specimen collection devices, and microbiome laboratory and analytical services, today announced that its Diversigen and CoreBiome subsidiaries have combined their microbiome service offerings under the Diversigen name. The rebrand highlights the combined companies’ unparalleled scientific bench strength, state-of-the-art laboratory, ability to translate data to insights and collective focus on quality and service.

The unified Diversigen operation will continue to offer the science-driven, customized solutions for metagenomics sequencing, bioinformatics, and statistical analysis for the study of the microbiome for which CoreBiome and Diversigen are known. The unification elevates Diversigen as the cornerstone brand for microbiome services in the industry.

The combined organization includes scientific experts representing more than a century of microbiome experience and over 300 articles in respected scientific publications with more than 100,000 citations.

“The new Diversigen brand reflects the combined strength and innovation of these two microbiome service pioneers and positions the OraSure family of companies as an industry leader in this fast-growing industry. Together they will enable us to expand our services as we work to advance global health and bring our customers the tools, services and data-driven insights they need to get reliable, actionable answers to their most critical scientific and healthcare questions,” said Stephen S. Tang, Ph.D., President and Chief Executive Officer, OraSure Technologies, Inc.

All services previously offered under the CoreBiome brand will continue to be available from Diversigen, offering the microbiome market unparalleled choice in sequencing, bioinformatics and analysis services.

The rebrand was implemented after in-depth research, market analysis, and customer conversations. A new Diversigen logo will bring a sharp new visual identity, representing the best of both CoreBiome and Diversigen and characterizes the brand as smart, market-driven, and innovative.

The new Diversigen website is available at diversigen.com.

About OraSure Technologies

OraSure Technologies empowers the global community to improve health and wellness by providing access to accurate, essential information. Together with its wholly owned subsidiaries (DNA Genotek, Diversigen and Novosanis), OraSure provides its customers with end-to-end solutions that encompass tools, services and diagnostics. The OraSure family of companies is a leader in the development, manufacture, and distribution of rapid diagnostic tests, sample collection and stabilization devices, and molecular services solutions designed to discover and detect critical medical conditions. OraSure’s portfolio of products is sold globally to clinical laboratories, hospitals, physician’s offices, clinics, public health and community-based organizations, research institutions, government agencies, pharma, commercial entities and direct to consumers. For more information on OraSure Technologies, please visit www.orasure.com.

About Diversigen

Diversigen is powering microbiome discovery through sequencing, analysis, and consulting services geared toward the study of the microbiome of living organisms and environments. By working closely with key manufacturers and applying laboratory best practices, Diversigen has developed state-of-the-art techniques to extract high quality nucleic acids from a variety of sample types for subsequent metagenomic analysis. Diversigen’s flexible sequencing and computing capacity, combined with ongoing improvement of analytic tools and their applications, allow them to customize unique strategies on a per-project basis. Diversigen takes pride in one-on-one consultation with the customer until complete satisfaction is achieved. The services offered cover the full spectrum from organism detection, to analysis, modification, and consultation.

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Investor Contact:
Roberto Cuca
Chief Financial Officer
610-882-1820
investorinfo@orasure.com 
Media Contact:
Jeanne Mell
VP Corporate Communications
484-353-1575
media@orasure.com 

 

FAQ

What is the significance of OraSure Technologies unifying its microbiome services under the Diversigen brand?

The unification aims to elevate service quality and innovation in the microbiome industry, enhancing the company's market position.

How does the rebranding of CoreBiome to Diversigen affect OSUR's market standing?

The rebranding consolidates expertise and resources, potentially strengthening OraSure's competitive edge in the microbiome services sector.

What expertise does the new Diversigen brand bring to the microbiome market?

Diversigen combines over a century of microbiome experience, offering advanced solutions in metagenomics, bioinformatics, and analysis.

When was the rebranding of Diversigen announced?

The rebranding was announced on May 12, 2020.

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