NetworkNewsWire Editorial Coverage: Effective pandemic response relies first and foremost on fast and accurate testing to buy time and save lives while therapeutics and vaccines are developed.
Coronavirus cases continued to surge in the US this month, showing no signs of slowing since lockdowns lifted. 3 million confirmed cases in the US, with scientific estimates of 10 times more. Citizens of all stripes have sounded a clarion call for collective action and common sense. There is desperate demand for rapid and reliable tests, buying time and subduing the beast, until effective therapeutics and novel vaccines are developed. As the public waits in line for hours to get tested and then days for results, glitches are commonplace with reagent shortages, false negatives, and laboratory backups. From tests to vaccines, there has been a scramble for solutions from the best minds on the planet. Setting a new standard in testing, LexaGene Holdings Inc. (TSX.V: LXG) (OTCQB: LXXGF) (LXG Profile) has developed a unique pathogen detection instrument—a fully automated genetic analyzer used to rapidly identify multiple pathogens, bacteria, and viruses including COVID-19. LexaGene’s breakthrough technology is highly accurate, designed to be used at sample collection sites, and can deliver test results on 27 pathogens and/or antimicrobial resistance factors at once in about an hour. LexaGene is already working with the FDA on its submission plan for Emergency Use Authorization (EUA) for COVID-19 testing. Similarly, Roche Holdings (OTCQX: RHHBY) is ramping up production of its antibody tests to meet the ever-growing demand. Medical technology company Hologic, Inc. (NASDAQ: HOLX), primarily focused on women’s health, has shifted focus to battle COVID and has created tests that detect genetic material from SARS-CoV-2. Vaxart, Inc. (NASDAQ: VXRT) is working on a potential vaccine, while Gilead Sciences Inc. (NASDAQ: GILD) is focused on therapeutics to shorten recovery time for severely ill COVID-19 patients. From every angle, the entire planet is focused…
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