RE: RNS due this week expect a sharp rise9 May 2020 16:24
Genedive kit would be manufactured by partner Cyvitia, formerly GE Healthcare Life Sciences.
Genedrive has contract with the US Department of Defense for testing for pathogens either in the air or in blood samples has been renewed; it also provides testing in Africa where the distance from a lab is frequently an issue and has developed a test for a genetic mutation in newborns who may lose their hearing if given antibiotics.
While this is not much different from other test providers working with the NHS it does add to the numbers currently needed to carry out a sufficiently largeamount of testing across the country.
Genedrive plans to adopt the process so that its portable machines can be used to allow immediate testing on site. Looking at the broader picture, although the UK is only days away from starting to loosen its lockdown, the latest figures of over 6,000 of new COVID cases per day and more than 600 deaths per day show that it is far too early to start relaxing.
For the rest of the year COVID will play a role in how industries and businesses go back to work and end up working more longer term, with scars particularly deeply felt by the travel, hospitality and entertainment sectors.
For Genedrive this means that its technology could be offered not only to the NHS but potentially also to businesses and industries, or alternatively, outside of the UK. This time the rally in Genedrive’s shares is likely to be supported by a much more solid offering in terms of products and ensure that it has legs.