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Friday, May 1, 2020

Co-Diagnostics up on COVID-19 test data

Co-Diagnostics (NASDAQ:CODX) perks up 10% premarket on light volume on the heels of performance data on its LogixSmart real-time PCR test that detects RNA from the SARS-CoV-2 virus in lower respiratory tract fluids.
Tests performed in Australia (n=207), India (n=45) and Mexico (n not provided) showed 100% sensitivity and 100% specificity with no cross-reactivity with other viruses.
It also says that the test detected more low-level positives than the CDC assay while testing at the Minnesota Department of Health showed 100% concordance with another (unnamed) assay.
https://seekingalpha.com/news/3567516-co-diagnostics-up-10-premarket-on-covidminus-19-test-data

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