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China's BGI Genomics to Sell Covid-19 Test Kit in US

Stranagor

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BGI Genomics to Sell Covid-19 Test Kit in US

TANG SHIHUA
DATE : MAR 19 2020/SOURCE : YICAI

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BGI Genomics to Sell Covid-19 Test Kit in US

(Yicai Global) March 19 -- BGI Genomics, one of China's leading biochemical companies, plans to start selling its nucleic acid test kits for Covid-19 in the United States.

The product, a real-time fluorescent reverse transcription polymerase chain reaction kit for detecting SARS-nCoV-2, has already obtained approval from the US Food and Drug Administration for pre-emergency use, the company said in a press release yesterday.

Under an FDA policy on tests for Covid-19 during the public health emergency issued on March 16, BGI can sell the products directly to clinics during the pandemic from March 17 onwards before getting formal FDA approval. The tests for free sale certification in the European Union earlier this month.

Shares in the firm [SHE:300676] were down 1.81 percent at CNY72.27 (USD10.22) at noon today.

https://yicaiglobal.com/news/bgi-genomics-to-sell-covid-19-test-kit-in-us
 
Problem is not with couple dollar test kit. It is the whole vulture sick care industry of USA, that will charge USD1000-3000 for diagnostic, arbitraging a profit margin of 10000%, to do nothing but to take a few sample from siliva or blood.

It was the status quo policy that will leads of millions of death, either intentionally or unintentionally.
 
Problem is not with couple dollar test kit. It is the whole vulture sick care industry of USA, that will charge USD1000-3000 for diagnostic, arbitraging a profit margin of 10000%, to do nothing but to take a few sample from siliva or blood.

It was the status quo policy that will leads of millions of death, either intentionally or unintentionally.
My relative in the states is stocking up ammo. He is saying US government might crumble if they can't control it.
 
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