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(breaking!!!) travel industry got hope liao. abbott invented 15min covid test @$5 only. abbott shares hooting very high nao

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kaninabuchaojibye

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https://www.bloomberg.com/news/articles/202...voids-lab-delay

A 15-minute Covid test from Abbott Laboratories that will be priced at just $5 has been granted emergency authorization for use in the U.S., a breakthrough that could ease the bottleneck that has crimped much of the nation’s testing capacity.

The company’s shares climbed 8.7% to $112.91 at 9:57 a.m. in New York trading. The product, dubbed BinaxNOW, works without relying on laboratory equipment at a time when labs can take as long as two weeks to produce results. It uses a nasal swab and a small reactive card, and it can be administered by a range of health-care workers, including pharmacists, at almost any location.

Abbott will start shipping the test within two weeks and intends to manufacture 50 million tests a month by October. The aim: Meet a surge in demand from Americans seeking to return to in-person schoolrooms and work.
 
ABT Stock Price: Abbott Laboratories to surge after FDA approval of "game-changing" coronavirus test
www.fxstreet.com
  • NYSE: ABT is on course to leap by around 10% on Thursday.
  • Abbott Laboratories has received an FDA approval for its BinaxNOW COVID-19 Card test.
  • The rapid, cheap, and instrument-free probe is touted as a game-changer.
A game-changer in fighting coronavirus – and this time it is not a vaccine or a cure, but a rapid test coming from a well-established company. Abbott Laboratories (NYSE: ABT) may now begin selling its Aboott BinaxNow COVID-19 Ag Card Test. The Food and Drug Administration (FDA) has given its emergency authorization, allowing mass production of the test.
Abbott expects to manufacture around ten million units in September, 50 million in October, and continue ramping up output later on. The Chicago-based firm – which is in businesses since the 19th century – said that results of the test are out after 15 minutes – far faster than the standard PCR ones.
Abbott Laboratories also said that the tests have a demonstrated sensitivity of 97.1% and specificity of 98.5% in a clinical study. The tests are also cheap – only $5, and do not necessitate any labs or instruments.
Using such rapid tests could help capture asymptomatic COVID-19 carriers and isolate them before they infect others. Moreover, it could allow a quick resumption of normal life. Air passengers can undergo these quick tests, assuring with a high degree of certainty that no coronavirus-carrying patient is on board.
Overall, the product is promising.
​
NYSE: ABT is changing hands at over $112 in pre-market trading on Thursday, an increase of nearly 10%. It is critical to note that Abbott Laboratories is a large pharmaceutical firm worth over $180 billion, and such a move is substantial.
Moreover, sales of BinaxNOW could boost income and the bottom line, leading to a higher dividend. The mere prospects of topping its 2019 revenue of $31.9 billion could also trigger an increase in Abbott's payout to shareholders.
 
Great! Then need to do two test? One at local airport and another one at the country airport? But the pap here say paid your own expenses if u kean corona if u travelled!
 
If the test is very accurate, then travelling can don't need to have 14 days quarantine. But if u suay, reach at the other country airport, u kena then jialat!

Then the gahment should implement that they will still pay your expenses if u kena corona if u return back as to save the tourism industry!
 
redbull313 said:
of course its from USA so you can trust it. If china, you will kenna poisoning and die
Click to expand...
That is because America is #1 in the World and KING. Only they can save us from the PRCs

34yy2k.jpg
 
ilovechinesegal said:
If the test is very accurate, then travelling can don't need to have 14 days quarantine. But if u suay, reach at the other country airport, u kena then jialat!

Then the gahment should implement that they will still pay your expenses if u kena corona if u return back as to save the tourism industry!
Click to expand...
should be accurate
it's abbott, not fly by night company
 
Now the biggest honkang is that if you take vaccine, there might be C-19 DNA fragments in your body.

Initially, we wanted travellers to take vaccine before they fly.
Now, we have about 20 vaccines in Stage 2 & 3 testing and swab tests revealed that 20-25% as positive.
 
SOS said:
Now the biggest honkang is that if you take vaccine, there might be C-19 DNA fragments in your body.

Initially, we wanted travellers to take vaccine before they fly.
Now, we have about 20 vaccines in Stage 2 & 3 testing and swab tests revealed that 20-25% as positive.
Click to expand...
i wonder airport will impose a vacine certificate upon checkin in future
fucking mess
 
abbott invented 15min covid test @$5 only but when you take in Sinki it will became $188.oo
if it is price at $20.oo I don't mind test everyday when on business travel (ha ha company pay for it)
 
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