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Avalon said it intends to establish a facility in the US for the manufacture and assembly of antibody and PCR-based detection systems.

The tests are designed to detect and differentiate immunoglobulin M and immunoglobulin G antibodies against SARS-CoV-2 in various blood samples.

Phosphorus' test is authorized for use with saliva samples collected by healthcare providers or patients at home using DNA Genotek's collection kit.

Sienna said that Unilabs, a commercial lab in Sweden, is evaluating its hTERT bladder cancer test for routine use.

The lateral flow assay is designed to detect and differentiate immunoglobulin G and immunoglobulin M antibodies against SARS-CoV-2.

The company plans to use the proceeds for general product R&D, for reimbursement studies in the US, and for preparation for potential COVID-19 testing.

The rapid diagnostic test-strip kit is designed to detect immunoglobulin G and M antibodies against the virus in whole blood, serum, and plasma.

The approach, which the researchers are developing for malaria and SARS-CoV-2, can determine not only if a person has been infected, but also when.

All three kits run on authorized PCR instruments and may be performed by any laboratory CLIA-certified to perform high-complexity tests.

For the three months ended April 30, the firm's revenues were $1.24 billion, flat with $1.24 billion in Q2 2019 but beating Wall Street analysts' average estimate of $1.21 billion.