Thinly traded nano cap Adial Pharmaceuticals (ADIL +14.1%) is up on more than a 7x surge in volume in reaction to its announcement that it has received a “firm order” for 1,000 Rapid Result COVID-19 antibody test kits.
The buyer plans to use the assays in the Phoenix, AZ area.
Adial owns exclusive distribution rights to the 10-minute test under an agreement with BioLab Sciences.
The company says the test detects IgG antibodies
with 98.6% accuracy and IgM antibodies with 92.9% accuracy but does not
specify whether this represents sensitivity only or includes
specificity.
https://seekingalpha.com/news/3581935-adial-pharma-nabs-order-for-1000-covidminus-19-blood-tests
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