First, the fitness network and the market in general misinterpreted the role of Atomo Diagnostic’s COVID-19 antibody test, and CEO John Kelly stated that it is designed to be used in conjunction with reference molecular PCR swabs, not as a replacement.
Atomo Diagnostics founder John Kelly manages the company’s HIV kit. Kate Geraghty
Speaking to The Australian Financial Review after the company’s 15-minute AtomoRapid antibody control opposed to COVID-19 was approved through the Therapeutic Products Administration on Monday, Mr. Kelly stated that the checks were helpful in helping determine how long a user had been inflamed with COVID-19, for normal tracking of environments such as retirement homes or even mining sites , and to assess the scope of COVID-19 in Communities.
“Any detection check must have a confirmation check to be a diagnosis. We’re not saying that verifying our device is a complete confirmation,” he said.
“Antibody tests are effective at detecting antibodies in the blood after two weeks [of the virus]. During the first two weeks, your antibodies build up again. These tests are not designed to be used on the first day you get sick.
“But over time, those lab tests are less delicate as the virus in their formula is under control, so they are useful in conditions like other people who reach forty, others in mines, retirement homes for the elderly… and are smart for population tests to see which suburbs have antibodies present.”
Following the TGA’s approval of its COVID-19 test, its shares rose 16.2% to end the day by 40 cents.
The tests are being jointly manufactured with French company NG Biotech, with NG manufacturing the test strip and Atomo creating the device and being the listed manufacturer.
The company already sells Australia’s HIV self-test kit.
Now that Atomo has won TGA approval for its COVID-19 tests, Kelly said the company’s attention would be in securing contracts with the government and companies.
“If you arrive in New Zealand in a year, the evidence of vaccination will be to show that you have an antibody response. We also believe that this can be used to determine who wants vaccines first … to make sure you’ve been vaccinated and to show if the vaccines are successful,” he said.
“Outside the government, there are programs for the personal sector with wear and job use, fitness and protection at work, office welfare check and we talk to military, police and minors. In France, they are already in use. Minister of Defense. “
An examination of the control device at a hospital in France 256 serums from 101 patients revealed that the sensitivity and specificity of its controls were 97% and one hundred percent, respectively, after 15 days.
Although other people expand antibodies at other rates, antibody tests are widely believed to be more accurate when someone has contracted the virus.
Atomo has the help of several major names, such as real estate mogul Lang Walker, the Global Health Investment Fund, a social effect on investors subsidized through Bill Gates and the Big Challenges Canada fund.
Although Mr Kelly said it is difficult to assess the duration of the COVID-19 pandemic, he believed there would be use cases for his tests for at least the next 3 years.
“We think it will be a three-year revenue cycle source because you want to do pre-vaccine progression tests… then there has to be a giant scale of the vaccine at 6 or 7 billion doses,” he said.
The company is bringing 100,000 of its antibody tests to Australia, while by the end of the month, its production services will produce 500,000 tests consistent with the month. By the end of the year, it plans to manufacture more than one million devices according to the month.
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