Binx Health

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Hospital-at-Home?
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Early
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Lab Diagnostics and Screening
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Binx Health is a healthcare technology and diagnostics company focused on expanding access to convenient and equitable healthcare through innovative testing solutions. The company's primary offering is the Binx io, an FDA-cleared, CLIA-waived point-of-care molecular platform for rapid diagnosis of chlamydia and gonorrhea. This system can deliver results in about 30 minutes, enabling same-visit diagnosis and treatment in various clinical settings such as doctors' offices, urgent care clinics, and hospital emergency rooms. The Binx io platform is designed to be highly flexible and easy to use, collapsing the time between testing and treatment while the patient is still in the clinic.

In addition to its point-of-care testing, Binx Health previously operated a consumer testing business that provided at-home testing services for various health conditions. However, in December 2023, this division was sold to Imaware, allowing Binx to focus solely on its point-of-care offerings. The company's technology aims to address the growing epidemic of sexually transmitted infections (STIs) by providing rapid, accurate testing that can lead to immediate treatment and potentially reduce infection spread.

Binx Health has established partnerships with major medical device distributors, including Cardinal Health, Fisher healthcare, McKesson, and Medline, to broaden its market reach. The company has also worked with state governments, including North Carolina and Maryland, to provide Covid-19 testing solutions during the pandemic. As of April 2024, Binx Health secured USD 65 million in series F financing to support its commercial growth and manufacturing scale. The company is actively expanding its testing capabilities, with plans to develop point-of-care diagnosis for trichomoniasis in the future.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Boston MA USA
Founded year:
2005
Employees:
11-50
IPO status:
Private
Total funding:
USD 286.7 mn
Last Funding:
USD 65.0 mn (Series F; Apr 2024)
Last valuation:
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