White House signs $750 million deal with Abbott labs to buy 150 million rapid coronavirus tests
The test called BinaxNow can deliver results in 15 minutes without using lab equipment and would cost $5., the company also said it was preparing to "ship tens of millions of tests in September, ramping production to 50 million tests a month in October.", that total in October would be double the number of tests conducted in July.
The contract could help expand testing in the US. Azar said the testing would potentially be "deployed to schools and to assist with serving other special needs populations." More than 5.8 million Americans have been diagnosed with COVID-19 in the US so far, and over 180,000 have died. Abbott said in their statement that their BinaxNow antigen test had 97% sensitivity rate, which is the percent of positive cases a test accurately detects.
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