According to the CDC, there have been over 62,000 cases of monkeypox this year with 22,000 of those occurring in the U.S. There is already a vaccine for the virus and the death toll is only at 22 people. This highly contagious virus needs just one more therapeutic element, a safe and effective “quick” test.
It can take weeks for symptoms to appear after exposure to Monkeypox and science has not determined if someone is contagious during that period. Currently, testing for the virus happens at a clinic, after you have symptoms, and can take days for results.
Virax Biolabs Group Limited (NASDAQ: VRAX) a diagnostics company focused on the prevention, detection, and diagnosis of viral diseases, just announced the distribution of a Monkeypox Virus Antigen Rapid Test Kits which has been launched in markets accepting the CE mark, such as the European Union. The test must be administered at a clinic, but the results will be available within 15 minutes.
Not bad for a company that just launched their IPO in July this year and at that time, VRAX launched monkeypox and varicella-zoster viruses Real-Time PCR kits in response to the world’s major monkeypox outbreak. While those tests are crucial, the results can take days.
In addition to distributing viral test kits, Virax is currently developing a proprietary T-Cell Test technology to provide an immunology profiling platform that assesses everyone’s immune risk profile against major global viral threats.
VRAX (only 4M shares in the float) shares have gained 42% on the Monkeypox 15-minute test news.
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