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Abbott, makers of BinaxNow, says it’s increasing capacity to 70 million tests per month from 50 million, and Quidel is also increasing its production of the QuickVue test, to the same amount.
Abbott's (ABT) Panbio COVID-19 Antigen Self-Test is expected to facilitate mass screenings and aid in resumption of daily life activities with the gradual reopening of economies worldwide.
Abbott said it expects $2.5 billion in sales of COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a quarterly basis.
The Food and Drug Administration said late Thursday it is investigating preliminary data suggesting Abbott Laboratories' 15-minute test can miss COVID-19 cases, falsely clearing patients of infection.
In April 2020, Abbott received EUA for its ARCHITECT IgG laboratory antibody test for COVID-19. [3] Also in April, Abbott's ID NOW test was reported to have sensitivity of 85.2%. [4] A later study found sensitivity of only 52%, inducing the FDA to issue an alert. [5] A different study found sensitivity of 91%. [6] The UK spent $20 million for ...
COVID-19 rapid antigen tests or RATs, also frequently called COVID-19 lateral flow tests or LFTs, are rapid antigen tests used to detect SARS-CoV-2 infection . They are quick to implement with minimal training, cost a fraction of other forms of COVID-19 testing , and give users a result within 5–30 minutes.
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