20th Mar 2024 10:26
(Alliance News) - Abingdon Health PLC announced on Wednesday that it will provide Boots UK Ltd with rapid lateral flow self-tests to be sold under the Boots own brand label.
The York, England-based lateral flow technology company has developed Iron and Vitamin D deficiency tests which will be made available from spring onwards online and in stores across the UK in partnership with Crest Medical Ltd, a Warrington-based medical supplies company.
Abingdon Chief Executive Officer Chris Yates said: "We take immense pride in the quality of our service and ensure a seamless supply of innovative lateral flow self-tests to ensure our partners requirements are met."
This as a significant step in strengthening the company's position in a growing market. In 2023 consumer adoption of self-tests was worth USD7.90 billion and the lateral flow market is expected to reach USD23 billion by 2027.
Abingdon shares were up 12% to 9.52 pence in London on Wednesday morning.
By Elijah Dale, Alliance News reporter
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