Diagnostics: Gains after expansion of use of COVID-19 testing kits

RegenETP,

08/09/2020 17:25

** Shares of diagnostic test maker  CODX.O  rise 32.9% to
hit a one-week high at $10.95 
    ** Says has partnered with Arches Research, a unit of
Polarity TE  PTE.O , to provide its Logix Smart COVID-19 test
kits to expand Arches' testing services  urn:newsml:reuters.com:*:nPn55BD51a
    ** CODX's Logix Smart COVID-19 test can be used by clinical
laboratories certified under Clinical Laboratory Improvement
Amendments
    ** CEO Dwight Ewan expects the deal to create opportunities
for sales of additional molecular diagnostic products in
development pipeline, including upcoming Logix Smart Flu A/Flu
B/COVID-19 test kit
    ** CODX has risen about 1,142.7%, or a little over 12 times,
so far this year

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.Bedi@thomsonreuters.com;))