OraSure submitted FDA applications for a rapid self-test for STIs and a urine collection device, enhancing diagnostic accessibility.
Quiver AI Summary
OraSure Technologies, Inc. has announced the submission of two applications to the U.S. FDA for approval of a rapid molecular self-test for Chlamydia trachomatis and Neisseria gonorrhoeae and its Colli-Pee™ at-home urine collection device for STIs. President and CEO Carrie Eglinton Manner emphasized that these submissions mark significant progress toward making diagnostics more accessible and personalized. The rapid self-test provides results in about 30 minutes using a disposable format, while the Colli-Pee™ device aims to enhance convenience and privacy in testing. OraSure sees a substantial market opportunity for expanding these tests, as traditional testing is mostly done in centralized labs. They believe these innovations will strengthen their leadership in diagnostic testing and sample management solutions.
Potential Positives
- OraSure has submitted FDA applications for its rapid molecular self-test for CT/NG, indicating significant advancements in product development and innovation.
- The rapid self-test is built on a robust molecular diagnostics platform and promises results in approximately 30 minutes, which enhances accessibility and convenience for users.
- The estimated total addressable market for CT/NG testing exceeds $1.5 billion, presenting a substantial growth opportunity for OraSure.
- The introduction of the Colli-Pee™ at-home urine collection device aligns with patient preferences, further positioning OraSure as a leader in decentralized diagnostic solutions.
Potential Negatives
- The press release heavily relies on forward-looking statements, which include uncertainties and risks that could materially affect the expected outcomes of the submitted applications, potentially undermining investor confidence.
- There is a significant emphasis on regulatory approvals, and any failure or delay in obtaining FDA clearance for the proposed products could hinder OTI's plans for market expansion and revenue growth.
- Potential competition from new or better technologies and products, as mentioned in the risks, raises concerns about OTI's ability to maintain its market position in the rapidly evolving diagnostics space.
FAQ
What diagnostic tests did OraSure submit to the FDA?
OraSure submitted applications for a rapid molecular self-test for Chlamydia trachomatis and Neisseria gonorrhoeae, and the Colli-Pee™ at-home urine collection device.
What is the main benefit of the rapid self-test for CT/NG?
The rapid self-test provides results in approximately 30 minutes using a self-collected swab, enhancing convenience and privacy for users.
How does the Colli-Pee™ device improve STI testing?
The Colli-Pee™ device enables at-home urine collection, aligning with patient preferences for private and convenient STI diagnostic testing.
What is the estimated market size for CT/NG testing?
The total addressable market for CT/NG testing is estimated to be more than $1.5 billion.
What is OraSure's vision for decentralized diagnostics?
OraSure aims to decentralize diagnostics to connect people to accessible, convenient, private, and personalized healthcare solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OSUR Insider Trading Activity
$OSUR insiders have traded $OSUR stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OSUR stock by insiders over the last 6 months:
- NANCY J GAGLIANO purchased 2,100 shares for an estimated $4,981
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OSUR Revenue
$OSUR had revenues of $27.1M in Q3 2025. This is a decrease of -32.14% from the same period in the prior year.
You can track OSUR financials on Quiver Quantitative's OSUR stock page.
$OSUR Hedge Fund Activity
We have seen 51 institutional investors add shares of $OSUR stock to their portfolio, and 76 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERICAN CENTURY COMPANIES INC removed 1,870,319 shares (-89.9%) from their portfolio in Q3 2025, for an estimated $6,003,723
- ALTAI CAPITAL MANAGEMENT, L.P. added 1,586,488 shares (+73.4%) to their portfolio in Q3 2025, for an estimated $5,092,626
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 1,227,997 shares (-68.6%) from their portfolio in Q3 2025, for an estimated $3,941,870
- MILLENNIUM MANAGEMENT LLC added 878,151 shares (+71.1%) to their portfolio in Q3 2025, for an estimated $2,818,864
- KENT LAKE PR LLC added 567,860 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,822,830
- GOLDMAN SACHS GROUP INC added 373,743 shares (+356.9%) to their portfolio in Q3 2025, for an estimated $1,199,715
- UBS GROUP AG added 358,016 shares (+98.2%) to their portfolio in Q3 2025, for an estimated $1,149,231
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BETHLEHEM, Pa., Jan. 05, 2026 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (NASDAQ: OSUR) (“OraSure” and “OTI”), a leader in point-of-need and home diagnostic tests and sample management solutions, today announced that it submitted two separate applications at the end of 2025 to the U.S. Food and Drug Administration (FDA) for clearance of its rapid molecular self-test for Chlamydia trachomatis and Neisseria gonorrhoeae (CT/NG) as well as its Colli-Pee™ at-home urine collection device for sexually transmitted infections (STIs).
“These submission milestones reflect meaningful progress on our innovation roadmap and bring us closer to realizing our vision of decentralizing diagnostics and connecting people to care that is more accessible, convenient, private, and personalized,” said Carrie Eglinton Manner, President and CEO of OTI. “As we look ahead to 2026, we are continuing to execute on our strategy with purpose and momentum to create value for all our stakeholders.”
OTI’s rapid self-test for CT/NG is built on the Sherlock molecular diagnostics platform and is designed to provide results in approximately 30 minutes in a disposable, over-the-counter format. The test uses a self-collected swab, and results can be read directly on the hand-held testing device without the need for an electrical connection, enhancing flexibility and convenience. OTI estimates that testing for CT/NG represents a total addressable market of more than $1.5 billion. Today, the vast majority of CT/NG tests in the U.S. are processed in centralized laboratories, creating an opportunity for meaningful market expansion through the introduction of an affordable rapid self-test.
OTI also submitted the Colli-Pee™ device, which is designed for at-home urine collection and is aligned with patient preferences for private and convenient diagnostic testing. The submission covers multiple STI indications and is being pursued in collaboration with a leading diagnostics platform provider. Receipt of clearance for the Colli-Pee™ device for these indications would be in addition to the existing Research-use Only (RUO) product and is expected to expand access to testing and further strengthen OTI’s leadership position in novel collection devices and chemistries.
About OraSure Technologies, Inc.
OraSure Technologies, Inc. (“OraSure” and “OTI”) transforms health through actionable insight and decentralizes diagnostics to connect people to healthcare wherever they are. OTI improves access, quality, and value of healthcare with innovation in effortless tests and sample management solutions. Together with its wholly-owned subsidiaries, DNA Genotek Inc., Sherlock Biosciences, Inc., and BioMedomics, Inc., OTI is a leader in the development, manufacture, and distribution of rapid diagnostic tests and sample collection and stabilization devices designed to discover and detect critical medical conditions. OTI’s portfolio of products is sold globally to clinical laboratories, hospitals, physicians’ offices, clinics, public health and community-based organizations, research institutions, government agencies, pharmaceutical companies, and direct to consumers. For more information, please visit
www.orasure.com
.
Forward Looking Statements
This press release contains certain “forward-looking statements,” including with respect to products, product candidate development, regulatory submissions and authorizations and other matters. Forward-looking statements are based on current expectations of future events and are not guarantees of future performance or results. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from expectations and projections. Known and unknown factors that could cause actual performance or results to be materially different from those expressed or implied in these statements include, but are not limited to: uncertainty of commercial success; ability to manufacture or have manufactured products in accordance with applicable specifications, performance standards and quality requirements; uncertainty and timing of regulatory clearances or approvals; ability to comply with applicable regulatory requirements; uncertainty relating to patent protection and potential patent infringement claims; impact of competitors, competing products and technology changes and patents obtained by competitors; reduction or deferral of public funding available to customers; competition from new or better technology or lower cost products; impact of negative economic conditions; changes in behavior and spending patterns of purchasers; and changes to applicable laws and regulations. These and other factors that could affect our results are discussed more fully in our SEC filings, including our registration statements, Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q, and other filings with the SEC. Although forward-looking statements help to provide information about future prospects, readers should keep in mind that forward-looking statements may not be reliable. Readers are cautioned not to place undue reliance on the forward-looking statements. The forward-looking statements are made as of the date of this press release and OraSure undertakes no duty to update these statements.
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Investor Contact:
Jason Plagman VP, Investor Relations [email protected] |
Media Contact:
Amy Koch Director, Corporate Communications [email protected] |