Abbott Labs Prepares Rapid Test for COVID-19

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Abbott Labs, a manufacturer of medical supplies, announced that it has received emergency clearance from the US government for a rapid Covid-19 test that can cost only five dollars.

The company plans to start shipping tests in September and expects to produce 50 million tests during October.

The test, BinaxNOW, which is supported by a mobile app to display results, is expected to be used in work and school settings, seen as critical in the fight to contain the coronavirus and fully reopen the US economy.

The White House plans to buy 150 million tests in a $750 million deal with the device maker.

Source: CNBC

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29120cookie-checkAbbott Labs Prepares Rapid Test for COVID-19