Bio-Rad, Biodesix Partner To Get EUA For Coronavirus Test
Zacks Investment Research | Mar 22, 2020 11:16PM ET
Bio-Rad Laboratories, Inc. (NYSE:BIO) announced a collaboration with Biodesix to get an Emergency Use Authorization (EUA) approval from the FDA for Droplet Digital polymerase chain reaction (PCR) (ddPCR) test to meet the escalating testing requirements in the United States under due to the coronavirus outbreak.
Notably, the partnership has been signed after two studies published this month showed that the ddPCR testing provided better outcomes, unlike traditional testing methods that use the qPCR technology. The companies are currently working to get the EUA so that Biodesix can start the tests in the United States at the earliest.
With the partnership, Bio-Rad aims to strengthen its position in the Clinical Diagnostics business globally.
Rationale Behind the Collaboration
The studies, which have been published ahead of peer review, show that the ddPCR testing method reduces false-negative results of COVID-19, without any increase in false positives. The second study concludes that ddPCR testing significantly improves the diagnostic detection accuracy of SARS-CoV-2, thereby further reducing cases of false negatives. Hence, ddPCR testing could be a powerful complement to the current testing standards.
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