Saturday, August 02, 2014 5:47:48 PM
F.D.A. Acts on Lab Tests Developed In-House
"The decision, long in coming, has been fiercely opposed by some laboratories and pathologists, who have said that regulation by the agency is unnecessary and would significantly increase the cost and time needed to develop tests , stifling innovation and depriving patients of some vital tools.'
http://www.nytimes.com/2014/08/01/business/fd....html?_r=0
Check the 5 day chart on Quest Diagnostics. Appears to have had a definite impact:
http://finance.yahoo.com/q/bc?s=DGX+Basic+Chart&t=5d
Obviously it's a lot easier for a company such as Quest Diagnostics with a multitude of diagnostic test already in use to absorb the news than it is for a company such as AMBS with a single test in development.
Monday will be interesting.
p,s, I assume that Gerald is aware of this. Possibly he will address its potential impact in next week's blog.
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM