Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Co-Diagnostics CEO Egan says individuals and organizations will need DIY coronavirus tests partnered with vaccines to return to normalcy

% of readers think this story is Fact. Add your two cents.


Co-Diagnostics Inc (NASDAQ:CODX) CEO Dwight Egan told Yahoo! Finance that “we believe COVID-19 will be here till the end of time” — and that means individuals and organizations will need quick and easy tests partnered with vaccines to return to normalcy.

“We believe that the future of gold-standard PCR diagnostics will be defined by the convenience of at-home and point-of-care testing, which will be critical in achieving normalization,” Egan said Tuesday.

“Our new platform, currently in development and subject to regulatory approval, will empower individuals and organizations to know their COVID-19 status quickly and accurately, with do-it-yourself tests that could be performed in multiple settings. We also believe that achieving normalcy will require a strong reliance on continued testing to augment proliferation of the COVID-19 vaccines, which we believe may take years to fully administer on a global scale.”

READ: Co-Diagnostics posts 2020 net income of $42.5M as its Logix Smart COVID-19 test drove record sales

The Utah-based company joined the Yahoo! Finance discussion following its blockbuster 2020 financial results where it earned a net income of $42.5 million on record sales of its Logix Smart coronavirus (COVID-19) test. It sold over 10 million tests last year.  

Co-Diagnostics currently has clients in more than 50 countries, including Australia, India, Mexico, and European Community countries, plus 25 US states, and also has validations of test accuracy from regulatory bodies of numerous countries around the world.

The company is currently developing a new at-home (or anywhere else) PCR-based COVID-19 testing, screening, and surveillance platform that delivers rapid results via smartphone. It relies on the company’s Direct Saliva extraction-free process and Logix Smart test reagents that are pre-packaged in saliva receptacle tubes. 

A person simply adds a swab or saliva sample to the receptacle tube and places the tube inside the device, which is then activated using a smartphone app and delivers rapid PCR COVID-19 results directly to the smartphone. It has submitted an Emergency Use Authorization (EUA) application to the US Food & Drug Administration for the saliva test. 

“2020 was a pivotal year for Co-Diagnostics as we built a global distributor network that will provide a strong foundation for our continued success,” Egan said.

“As we now rapidly add to our menu of diagnostic testing products for infectious diseases that kill millions of people every year, in addition to developing our liquid biopsy vertical and continuing to provide our much-needed COVID-19 products, Co-Diagnostics expects to be prepared for the future with the next generation of gold-standard PCR devices and tests for at-home and point-of-care settings.”

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/945525/co-diagnostics-ceo-egan-says-individuals-and-organizations-will-need-diy-coronavirus-tests-partnered-with-vaccines-to-return-to-normalcy-945525.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.