(RTTNews) – OpGen Inc. (OPGN) said it markets and sells the CELLSEARCH system, the CELLSEARCH CEC kit and some COVID-19-related products that are sold and distributed through Menarini Silicon Biosystems or MSB in a non-exclusive way.
OpGen stated that it is legal to market and advertise such products in the United States, Canada and Mexico as a component of a joint strategic promotional agreement between OpGen and MSB.
The COVID-19 related products include an IgG/IgM Rapid Test Cassette that is manufactured by Healgen and sold by MSB, which is an antibody test that provides results in as fast as 10 minutes.
The IgG/IgM immediate control cassette has been legal through the FDA under an emergency use authorization for use through legal laboratories. Verification is only legal for the presence of IgM and IgG antibodies opposed to SARS-CoV-2, and not for other viruses or pathogens, OpGen said.
OPGN closed with a 52.49% hike on Friday to $3.37.