Eurofins on Tuesday denied allegations of financial wrongdoing made by hedge fund Muddy Waters, adding that the French scientific laboratory group would provide a detailed response to the report's claims "in due course".

"Eurofins believes that all the allegations, insinuations contained in this document are inaccurate, irrelevant, biased and/or misleading," the group said in a statement.

Muddy Waters, which recommends a "short" position on the stock, said on Monday that Eurofins' statements could be overvalued, causing the stock to fall by around 20% on the Paris Bourse.

(Written by Pauline Foret with Olivier Sorgho, edited by Augustin Turpin)