CORONAVIRUS CRISIS | FDA grants emergency use authorization to quidel for first antigen test for COVID-19

NEW YORK – The U.S. Food and Drug Administration on Saturday approved emergency use authorization to Quidel Corp for the first COVID-19 antigen test.

The emergency use authorization was issued late Friday to Quidel for the Sofia 2 SARS Antigen FIA, the agency said.

The emergency use authorization was issued late Friday to Quidel for the Sofia 2 SARS Antigen FIA, the agency said.

The FDA said thee authorization is for an antigen test, which is a new type of diagnostic test designed for rapid detection of the virus that causes COVID-19.

An antigen test can provide results in minutes but it may not detect all active infections, as they do not work the same ways as a PCR test, the agency said.

Antigen tests are very specific for the virus, but are not as sensitive as molecular PCR test which means that positive results from antigen test are highly accurate, but there is a higher chance of false negatives, so negative results do not rule out infection, it added.

The FDA on Friday also authorized the first diagnostic test for the new coronavirus that allows patients to collect saliva samples at home.


BREAKING NEWS | Saudi – Led Coalition Intercepts Ballistic Rockets, Drones Launched By Yemen’s Houthis: State News Agency

RIYADH | SAUDI ARABIA – The Saudi –Led Coalition said on Monday that it intercepted and destroyed two ballistic rockets and six drones laden with explosives launched by Yemen’s Houthis towards the kingdom, the state news agency said, citing the coalition spokesman. The coalition has started a military operation against the Iran-aligned group after it … Continue reading BREAKING NEWS | Saudi – Led Coalition Intercepts Ballistic Rockets, Drones Launched By Yemen’s Houthis: State News Agency

BUSINESS NEWS | Federer – Backed Sports Shoe Maker On Preparing For IPO, Swiss Paper Says

VIENNA – Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported. The Zurich – based company, founded 10 years ago, says it has  special sole technology that is … Continue reading BUSINESS NEWS | Federer – Backed Sports Shoe Maker On Preparing For IPO, Swiss Paper Says

BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

ABU DHABI – Abu Dhabi Fund For Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday. The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia. Debt service repayments would … Continue reading BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

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