Novacyt included in Deloitte Technology Fast 50

Novacyt has been included in the latest Deloitte In Extenso Technology Fast 50, a ranking of the fastest-growing France-based technology firms.

The prestigious accolade was awarded to Novacyt in recognition of the 412 percent revenue increase it was able to achieve between 2011 and 2014, thanks in large part to the merger with Lab21 that was completed last year.

Novacyt expects to continue its high-revenue growth through further expansion into new markets such as China, which is being accomplished via a partnership with global technology firm Leica Biosystems.

It is also looking for other growth opportunities in major territories and working to identify market segments that will benefit from its proprietary NOVAprep technology platform.

Graham Mullis, group chief executive officer of Novacyt, said: "We are delighted to have been recognised for this prestigious award. Since the merger between Novacyt and Lab21, we have made excellent commercial and operational integration progress."

The company generated revenues of 4.74 million euros (3.34 million pounds) during the first half of 2015, representing a year-on-year increase of 26 percent.