Franco-British biotech company Novacyt says it can offer a coronavirus test that...
) says it can offer a coronavirus test that is faster than rival methods by focusing on a narrow sequence of DNA coding, as it fights stiff competition to turn the outbreak into a business opportunity.
In an appeal for sharing virus samples and speeding up research into drugs, vaccines, and diagnostics, the World Health Organization on Tuesday said China’s coronavirus outbreak posed a “very grave threat for the rest of the world”. Novacyt shares have risen by almost 400% so far this year after it said it had designed a test able to detect the coronavirus in less than two hours. Current testing, which can also identify other strains, can take up to a day.
“You would be looking, depending on the size of the sequence being tested, at six hours or a day. The second methodology, which is what Novacyt is using, is where we look at a much narrower set of sequence associated with the specific strain of coronavirus,” Graham Mullis, Novacyt’s chief executive, told Reuters.
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