SPY328.73+5.23 1.62%
DIA271.70+3.60 1.34%
IXIC10,913.56+241.30 2.26%

Co-Diagnostics, Inc. Issues Operational Update

SALT LAKE CITY, Sept. 1, 2020 /PRNewswire/ -- Co-Diagnostics, Inc.(NASDAQ:CODX), a molecular diagnostics company with a unique, patented platform for the development of diagnostic tests, issued the following

 · 

SALT LAKE CITY, Sept. 1, 2020 /PRNewswire/ -- Co-Diagnostics, Inc.(NASDAQ:CODX), a molecular diagnostics company with a unique, patented platform for the development of diagnostic tests, issued the following statement concerning the progress of the Company's operations.

"Co-Diagnostics continues to grow in size, scale, and scope as we have become an internationally recognized provider of high quality, in-demand molecular diagnostic tests. RT-PCR (or reverse-transcriptase polymerase chain reaction) tests are recognized for their important role in detection of the SARS-CoV-2 virus, and the global demand for PCR-based diagnostics like our Logix Smart™ COVID-19 test kit continues. According the CDC, RT-PCR remains the 'gold standard' for clinical diagnostic detection of SARS-CoV-2. RT-PCR also provides higher throughput capabilities and greater sensitivity than antigen tests.

"The Company's Logix Smart COVID-19 diagnostic, which has been implemented in systems that perform high volume and quick turnaround tests for COVID-19 patients, now also operates with non-invasive, self-administered, saliva-based collection kits that can be processed via these high throughput protocols to return results without compromising or sacrificing accuracy, helping to fill this need as we play our part in creating COVID-safe schools, COVID-safe businesses, and COVID-safe communities.

"In light of the upcoming flu season and the ongoing coronavirus pandemic, the Company is augmenting our COVID-19 testing with our forthcoming respiratory virus panel, which will test for and differentiate between influenza A, influenza B and COVID-19, and will be introduced to our expanded customer base in the United States and across the world.

"Co-Diagnostics continues to participate in successful joint government/private collaborations in several states, and the reach of the Company's coronavirus test has also expanded to high-throughput laboratories who serve a nationwide customer base. Sales generated by those collaborations and important laboratory relationships continue, and the need for high quality, high volume RT-PCR tests like our Logix Smart COVID-19 test remains in significant demand."