Aytu BioScience Inc. (AYTU): AYTU is going to make money. These tests...

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Aytu BioScience Inc. (AYTU)

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Wednesday, 04/15/2020 12:54:34 PM

Wednesday, April 15, 2020 12:54:34 PM

AYTU is going to make money. These tests will help them be net positive for the quarter. But Abbott is going to blow them away. Once Abbott and other US companies meet the demands AYTU will not be able to sell under an emergency declaration.

Abbott Laboratories announced the launch of its third test for the coronavirus and said it could be screening 20 million people for antibodies for Covid-19 by June.

Abbott said it plans to distribute 4 million of the new tests by the end of this month, after an initial shipment of 1 million tests this week to U.S. customers.

“Antibody testing is an important next step to tell if someone has been previously infected,” Abbott said.

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