Aimed at ramping up testing capacity in the U.S., the FDA will now allow individual states
to authorize the use of laboratory-developed tests by qualified
in-state labs for the coronavirus causing the current outbreak. The labs
do not have to engage with the FDA nor will they need to apply for
Emergency Use Authorization (EUA).
Although states are not required to follow New York’s lead, the Empire State’s system may serve as a useful guide for others.
The FDA will also allow the distribution of
commercially developed tests prior to Emergency Use Authorization under
certain circumstances and only after the tests have been validated. The
agency believes that a 15-period should be sufficient to prepare an EUA
filing.
The agency will also allow the distribution of
serology tests (tests that detect SARS-CoV-2 antibodies in the blood)
contingent on the tests being validated, the FDA being notified and the
inclusion of warnings that the tests have not been reviewed by the FDA
and results should not be the sole basis for diagnosing or excluding
COVID-19.
The FDA says more than 90 test developers have sought its assistance thus far.
COVID-19 test-related tickers and after-hours movement: Co-Diagnostics (NASDAQ:CODX) (+2%), Luminex (NASDAQ:LMNX), OPKO Health (NASDAQ:OPK) (+5%), Chembio Diagnostics (NASDAQ:CEMI), Aytu BioScience (NASDAQ:AYTU) (+3%), Thermo Fisher Scientific (NYSE:TMO) (+7%), Abbott (NYSE:ABT) (+3%), Becton, Dickinson (NYSE:BDX), Roche (OTCQX:RHHBY), LabCorp (NYSE:LH) (+4%), Quest Diagnostics (NYSE:DGX) (+1%)
https://seekingalpha.com/news/3552325-fda-to-allow-states-to-authorize-coronavirus-tests
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