Trinity Biotech Increases 2024 Sales Revenue Projection For TrinScreen HIV To $10M Vs $8M Prior Amid Strong Demand; Expands Manufacturing Capacity For HIV Tests And FlexTrans Viral Transport Medium In Response To WHO Mpox Emergency
Portfolio Pulse from Benzinga Newsdesk
Trinity Biotech has raised its 2024 sales revenue projection for TrinScreen HIV to $10 million from the previous $8 million due to strong demand. The company is also expanding its manufacturing capacity for HIV tests and FlexTrans Viral Transport Medium in response to the WHO Mpox emergency.

August 26, 2024 | 8:09 pm
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Trinity Biotech has increased its 2024 sales revenue projection for TrinScreen HIV to $10 million, up from $8 million, due to strong demand. The company is also expanding manufacturing capacity for HIV tests and FlexTrans Viral Transport Medium in response to the WHO Mpox emergency.
The increase in sales projection for TrinScreen HIV indicates strong demand, which is a positive indicator for future revenue growth. Additionally, the expansion of manufacturing capacity suggests the company is well-positioned to meet increased demand, particularly in response to the WHO Mpox emergency. These factors are likely to positively impact Trinity Biotech's stock price in the short term.
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