https://www.usatoday.com/story/news/health/2021/02

https://www.usatoday.com/story/news/health/20...772985002/

Article concerns Innova. Here is what I believe are the most important snippets form the article:

Quote:

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More studies are underway to demonstrate the accuracy of Innova's test, which costs less than $5 and can deliver results within 30 minutes. Researchers at Harvard, the University of California, San Francisco and Colby College have evaluated the test and other private research groups are conducting trials on people with or without coronavirus symptoms, Elliott said.

.....Innova's test is used in 20 nations, and the company is ramping up production to meet demand. Most of the company's tests are made at a factory in China, but Innova opened a factory in Brea, California, and will soon open a 350,000-square-foot facility in Rancho Santa Margarita, Elliott said.

Innova now can make 15 million tests kits every day. It plans to expand to 50 million kits every day by summer.

"It sounds like a lot, but it’s not," Elliott says. "People need to test 3 times per week to effectively break the chain of transmission. There are 7 billion people in the world."

...Innova has so far submitted data twice to the FDA but has yet to gain clearance. It will submit more data in coming weeks as ongoing clinical trials progress, company officials said.

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The article has a great deal more information, so I recommend reading it. Hopefully we get good news on an FDA approval for Innova within the next two months. That, coupled with QMC Health ID bodes well.

My posts is of my opinion only. Please conduct your own Due Diligence; this is YOUR investment.