Abbott’s Five-Minute Virus Testing Kit 🔬

Abbott’s Five-Minute Virus Testing Kit

Test. Test. Test. It’s the World Health Organisation’s (WHO) new motto, and the reason Singapore, South Korea, and Germany have been able to show this coronavirus who’s boss.

Confirm your infected, lock them away, and even if some spreaders slip through the net, their victims can test positive and nip the transition chain in the bud before hospitals get overwhelmed. It’s all about mass-testing mixed with less positive results, say the epidemiologists. The logic checks out!

We’re all doing our part. We’re closing borders, sacrificing the economy, and keeping two-meters distance. However, the testing has proved a chink in our armor. We don’t have enough kits, nor enough knowledge nomads to interpret saliva samples. So, if you’re not vulnerable, rich, or famous, you don’t get tested, and if you don’t get tested it, “it doesn’t exist.”

Step in, Abbott Laboratories. Heavily followed and 59% a winning trade in the Invstr community, this MedTech maker has developed a game-changer. The ‘ID NOW Platform’ is a toaster-size box that takes saliva and searches it for coronavirus genome fragments. It has the rubber stamp from the US Food and Drug Authority (FDA), too, notoriously hard to get.

We’re talking a million tests per day beginning April, from almost anywhere. The results take five minutes to show up, thirteen to be totally sure, and the Trump Administration is working on a roll-out already. Competitor Henry Schein has test kits that can do faster testing, but the volume isn’t there. That’s why with thousands of cases reported every day, this will be a team effort!

Investors know there are only two ways out of this mess, mass immunity or a vaccine. Gilead Sciences has long been the stock to own if you’re betting on a cure, but this new testing capacity might help flatten the curve and take the weight off a vaccine. That’s good for the world but bad for Gilead. Abbott and Schein, however, might only be getting started!

Share:

More Posts

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.