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May 26, 2021

Coronavirus company news summary – PhysIQ and institutions collaborate to develop Covid-19 digital biomarker – Innova to produce millions of Covid-19 tests in the UK

By Chloe Kent

PhysIQ, a digital health company, announced that Intermountain Healthcare Utah, Rush University Medical Centre, and The University of Texas Health Science Centre at Houston have joined its National Institutes of Health (NIH)-funded DeCODe study to develop an artificial intelligence (AI)-based Covid-19 digital biomarker. These institutions will recruit and act as key partners in the phase II validation study. The biomarker is expected to help scale the early detection of rapid clinical decompensation in high-risk Covid-19 patients.

Biotechnology company ProMIS Neurosciences has begun commercialising its Covid-19 serology assay and has appointed executive and entrepreneur Owen Dempsey to lead the commercialisation. The programme will target the need for a highly accurate test to identify, quantify and analyse antibodies against the SARS-CoV-2 virus, either due to contracting the infection or in response to vaccination. The new serology test will measure serum antibodies against Covid-19, and also its protective action against the infection.

Innova has reportedly made a large investment in the UK to start creating millions of Covid-19 tests every day at a Wales plant this summer. The Covid-19 tests are expected to be developed for domestic use and export. Owned by private-equity fund Pasaka Capital, Innova has provided the UK with over one billion tests developed as part of a more than $4.24bn contract in Fujian, China.

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