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Finance

Data Bytes: RADx funding recipients

Oct 8, 2020 | 11:52 PM GMT

NIH and BARDA granted six additional awards to COVID-19 diagnostics developers this week, bringing its total investment in the RADx Initiative for scale-up and manufacturing of new COVID-19 testing technologies to $476.4 million across 22 projects.

Launched in April, the Rapid Acceleration of Diagnostics (RADx) Initiative is a $500 million national technology development competition designed to fuel the development of rapid and easy-to-use COVID-19 tests.

The most recent contracts, issued via RADx’s third round of funding, were awarded to Ellume USA LLC, Luminostics Inc., Quanterix Corp. (NASDAQ:QTRX),  Flambeau Diagnostics, Visby Medical Inc. and Ubiquitome.

Three of the six new contracts will support development of antigen tests. A study published in medRxiv this week by Becton Dickinson and Co. (NYSE:BDX) and Johns Hopkins University scientists suggests antigen tests for COVID-19 do a better job of predicting which patients are infectious than PCR tests.

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