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Private Company

Total funding raised: $12.5M

Overview

Avioq is a US-based, private diagnostic company and CDMO founded in 2005 and headquartered in Research Triangle Park, North Carolina. It has a portfolio of FDA-approved and CE-marked assays for HIV and HTLV and leverages its regulatory expertise and certified manufacturing facility to offer end-to-end IVD development and manufacturing services to other companies. The company's business model combines revenue from its own commercial diagnostic products with fee-for-service CDMO work, positioning it in the growing market for outsourced IVD development and direct-to-consumer testing.

Infectious Disease

Technology Platform

Proven immunoassay (ELISA) development and manufacturing platform for infectious disease diagnostics, utilizing recombinant antigens, viral lysates, and monoclonal antibodies. Integrated quality and regulatory process for IVD development from concept to FDA/CE approval.

Funding History

2
Total raised:$12.5M
Grant$2.5M
Series A$10M

Opportunities

The growing trend of outsourcing in the IVD industry provides a significant opportunity for its CDMO services.
Expansion into developing companion diagnostics for pharmaceutical partners and supporting the direct-to-consumer testing market are additional high-growth avenues.

Risk Factors

Faces competition from larger CDMOs and is subject to regulatory changes that can impact costs and timelines.
Revenue concentration in mature HIV/HTLV diagnostic markets and reliance on maintaining critical FDA and ISO certifications pose operational and financial risks.

Competitive Landscape

Avioq competes in the fragmented IVD CDMO market against larger players like Thermo Fisher Scientific and Charles River Laboratories, as well as specialized diagnostic CMOs. Its differentiation lies in its specific FDA BLA license for manufacturing, hands-on regulatory experience, and a focus on end-to-end service from development to commercial production.