The National Institutes of Health (“NIH”) recently announced that they had allocated $129.3 million for upscaling and manufacturing new coronavirus testing technology. This would be part of its Rapid Acceleration Diagnostics initiative (RADx). The National Institutes of Health will be awarding the contracts to 9 firms for technologies which include high-throughput labs that can produce results in 24 hours and portable point-of-care tests for immediate results.
Francis S. Collins, the NIH director, stated that diagnostic testing was an essential part of the country’s strategy to deal with the coronavirus pandemic. The RADx initiative, which began at the end of April this year, has produced…
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