Yes and No. I pointed out Abbott rose 50% after an
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Posted On: 05/13/2020 6:04:23 PM
Yes and No. I pointed out Abbott rose 50% after announcement of their Covid-19 test.
That's before actual sales. I am sure there are other companies that have that initial boost on announcing permits for their test. So if you think FDA approval is pending, then it would be good to be in the stock before that happened. FED approval is needed for States and local governments to use a test because of possible government funding, and note that the last US stimulus/expenses bill contained $25 Billion for Testing.
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That said, in the recent KVUE TV coverage of QMC's HealthID progress, https://www.kvue.com/article/news/health/coro...15850b52fc
The last line is:
Company leaders are in talks with State and federal governments around the globe.
Do your DD and decide for yourself.
Note (edit): Foreign governments don't require FDA approval to use anyone's tests.
They may have their own testing protocol, but it may not take as long to implement.
That's before actual sales. I am sure there are other companies that have that initial boost on announcing permits for their test. So if you think FDA approval is pending, then it would be good to be in the stock before that happened. FED approval is needed for States and local governments to use a test because of possible government funding, and note that the last US stimulus/expenses bill contained $25 Billion for Testing.
'
That said, in the recent KVUE TV coverage of QMC's HealthID progress, https://www.kvue.com/article/news/health/coro...15850b52fc
The last line is:
Company leaders are in talks with State and federal governments around the globe.
Do your DD and decide for yourself.
Note (edit): Foreign governments don't require FDA approval to use anyone's tests.
They may have their own testing protocol, but it may not take as long to implement.
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