Co-Diagnostics (NASDAQ: CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, on Monday announced continued increase of its COVID-19 test sales in the United States as the federal government shifts responsibility to individual states to confront the need to double the amount of testing for the disease. Per the update, the Company received FDA Emergency Use Authorization on April 3, 2020, and has shipped tests to more than a dozen states throughout the country, in addition to receiving orders from nearly 50 countries worldwide. “It has been widely reported that the most important step to returning to normal economic and social activity is a dramatic increase in the scale of testing being performed, and governors across the country are anxious to obtain more tests,” Co-Diagnostics CEO Dwight Egan said in the news release. “Sales of our Logix Smart(TM) COVID-19 test continue to be made to more and more states, countries, and labs. Through some 50 distributors and direct sales, our tests are being sold to individual labs, through government tenders, and to private/public partnerships designed to facilitate high throughput testing and increase test availability to the public. The Company’s high quality, cost-efficient, easy to interpret tests are in high demand around the world.”
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About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets a new, state-of-the-art diagnostics technology. The Company’s technology is utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. For more information, visit www.CoDiagnostics.com.
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