French Media Novacyt29 Feb 2020 10:20
Coronavirus: these small French stocks that are booming on the stock market
BOURSORAMA • 02/28/2020 at 15:45
Novacyt
While the number of cases of contamination continues to increase worldwide, the company Novacyt, specialist in clinical diagnosis, announces at the end of January the launch of a new molecular test for the detection of coronavirus 2019.
The coronavirus test, developed by its subsidiary Primerdesign, "has the capacity to detect only the 2019 strain of the virus", which, according to the company, "differentiates it from other current tests which are less specific and may also react to other related species giving rise to a false diagnosis'. In addition, the group reports that a result can be generated in less than two hours. On January 31, the stock jumped 81.12% ...
A few days later, Novacyt indicated that it had received orders for 33,000 tests and requests for quotes for an additional 32,000 tests from more than 30 countries with a high conversion rate from quotes to orders. The group also announced that the launch of the nCoV test with CE marking will take place on February 17. With this marking, the company's COVID-19 test can be used directly by laboratories and hospitals to test patients without the need for validation by clinicians. On February 17, the stock climbed 56.81%. It fell by 26% on the 19th, by 50.9% on the 20th before regaining 84% on the 21st: sensitive souls abstain ...
On February 28, Novacyt announced the signing of a major distribution agreement in Asia and an Original Equipment Manufacturer (OEM) agreement with an American healthcare group. In addition, the statement said, "the Primerdesign test is currently being reviewed by the US Food and Drug Administration (FDA) for emergency use approval." This will open the American market to the test for the clinical diagnosis of COVID-19.
https://www.boursorama.com/bourse/actualites/coronavirus-ces-petites-valeurs-francaises-qui-flambent-en-bourse-40c7b8a5fe5f1946f4a543af4a428852?symbol=1rPALNOV