OraSure Technologies Inc (OSUR)

[HokieHead]

Article today, big things ahead for Orasure. 2021, possibly billions of units, that’s huge revenues..

OraSure President and CEO Stephen Tang said the company began considering developing a test as COVID-19 began spreading in January and February.

The company plans to develop a SARS-CoV-2 that, like its HIV test, will be suitable for home use and can provide results in under an hour, Tang said. He said the company aims to launch the product in September. Tang said that OraSure can currently manufacture about 13 million tests per year.

He noted, however, that some official plans to safely reopen the economy call for a billion tests per year.

"We're going to have to find a way to massively scale up," he said. "We're looking to design massive manufacturing of this from the start. Our job is to find facilities and manufacturers and partners who can jump in quickly to that manufacturing environment."

He said he anticipated being able to reach "full-scale manufacturing sometime in 2021," with a target of "tens of millions to a billion units per year."

https://www.modernhealthcare.com/technology/rapid-antigen-assays-could-prove-key-addressing-sars-cov-2-testing-limitations