Ulisse BioMed (UBM) has developed three technology platforms that offer great potential, having wide applications in molecular diagnostics and immunoassay. Its most developed product – a polymerase chain reaction (PCR) test for coronavirus – is already being manufactured, with other diagnostic tests following shortly on the same platform. Two other technologies involve nanoswitches and aptamers; these have great potential, but they will be developed further in the future. We forecast UBM to be continuously EBITDA-positive from 2021 onwards. Following the successful IPO, it has a strong balance sheet.
