Abbott surges 11% after FDA approval of 5-minute coronavirus test
Abbott's test, called the ID NOW COVID-19, is also used to test other viruses including Influenza A&B, Strep A, and respiratory syncytial virus testing. The test yields positive results in five minutes and negative results in 13 minutes, according to a press release.
The company also announced that it will ramp up production of the testing unit and expects to deliver 50,000 COVID-19 tests per day to healthcare professionals. Tests will be available starting April 1, an Abbott spokesperson told
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