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Co-Diagnostics Announces Development of Proprietary Sample Prep Instrument for PoC Testing
Prnewswire· 2025-10-16 13:30
Core Insights - Co-Diagnostics, Inc. has developed a proprietary sample preparation instrument aimed at enhancing decentralized PCR testing for tuberculosis (TB) in nearly 30,000 primary health centers across India [1][3][6] - The new instrument is designed to be low-cost and user-friendly, facilitating sample processing in resource-limited settings, and will support both sputum and novel tongue swab sample collection [2][3] Company Developments - The instrument features single-button operation, eliminating the need for measurement or dispensing tools, which allows for rapid sample preparation with minimal training [2][3] - The CEO of Co-Diagnostics emphasized that the new device addresses the challenges of sample preparation for PCR testing, which has historically been costly and time-consuming when performed in centralized labs [3] Market Impact - The introduction of this instrument is seen as a significant transition in the TB testing landscape in India, potentially decentralizing PCR testing from approximately 1,000 district hospitals to primary health centers [3][6] - The company aims to maintain high standards for performance, cost-efficiency, safety, and ease-of-use while keeping production costs low and strengthening partnerships in India [3][6] Future Opportunities - The new device is expected to pave the way for affordable preparation of other sample types at the point-of-care, creating opportunities to expand into blood-borne pathogens [3][6] - Systronics, a subsidiary of Ambalal Sarabhai Enterprises Limited, is anticipated to be the manufacturing partner for the instrument, which will qualify for benefits under the "Make in India" initiative [3][6]
Co-Diagnostics, Inc. to Attend 2025 Maxim Growth Summit
Prnewswire· 2025-10-13 13:30
Core Insights - Co-Diagnostics, Inc. will participate in the 2025 Maxim Growth Summit on October 22-23 at The Hard Rock Hotel NYC [1] - The summit will feature industry leaders and discussions on various sectors including biotechnology, artificial intelligence, and energy [2] - Co-Diagnostics will engage in one-on-one meetings with institutional investors and senior analysts during the event [3] Company Overview - Co-Diagnostics, Inc. is a molecular diagnostics company based in Utah, specializing in the development of advanced diagnostic technologies [5] - The company's proprietary technology is designed for tests that detect and analyze nucleic acid molecules (DNA or RNA) [5] - Co-Diagnostics is also working on specific tests for its Co-Dx PCR at-home and point-of-care platform, which is currently under regulatory review [5]
Co-Diagnostics (NasdaqCM:CODX) 2025 Conference Transcript
2025-09-30 21:17
Summary of Co-Diagnostics Conference Call Company Overview - Co-Diagnostics, Inc. is a public company established in 2013, headquartered in Salt Lake City, Utah, with approximately 120 employees and a significant joint venture in India [2][3] - The company went public on NASDAQ in 2017 under the ticker symbol CODX [2] Core Business and Vision - The primary vision is to democratize affordable real-time molecular diagnostics across various diseases, aiming to improve healthcare delivery through accessibility, affordability, and accuracy [3] - During the pandemic, Co-Diagnostics sold approximately 35 million tests globally across more than 50 countries [3] Product Offerings - The main product is the CODX PCR platform, which is currently under FDA regulatory review and not for sale [2] - The CoPrimers technology allows for multiplex testing, enabling the detection of multiple diseases from a single sample [5][6] - Current infectious disease product offerings include tests for HPV, flu A/B/COVID-19/RSV, and mosquito vector control tests for diseases like Zika and dengue [9][10] Technology and User Experience - The CODX PCR Pro is a compact, affordable real-time PCR diagnostic device that connects to a smartphone for user-friendly operation and cloud-based data aggregation [10][11] - The testing process takes approximately 30 minutes from sample collection to result [13] - High user ratings indicate a positive experience with the smartphone-guided testing process [7] Market Opportunities - The addressable market in the U.S. includes over 14,000 urgent care facilities, nearly 850,000 physicians, and more than 60,000 pharmacies [14][15] - The home testing market is also targeted, allowing patients to conduct tests without visiting healthcare facilities [17] Joint Venture in India - Co-Diagnostics has a joint venture in India established in 2017, with 15 tests authorized by the CDSCO, including tests for hepatitis, malaria, and COVID-19 [19] - A new facility in India focuses on manufacturing oligonucleotides, enhancing local production capabilities [20] - The company aims to replace outdated microscopy technology with its molecular testing solutions in India, targeting a significant market opportunity [22][23] Regulatory Strategy - The company plans to pursue FDA clearance for its multiplex tests, including influenza A, B, and COVID-19/RSV [24] - In India, the focus will be on tuberculosis and HPV tests, with plans for regulatory submissions in South Africa and Saudi Arabia [25] Future Aspirations - Co-Diagnostics anticipates expanding its test menu to include multiplex sexually transmitted infections and tests for pets and livestock [26] Conclusion - The conference highlighted significant growth opportunities for Co-Diagnostics, driven by innovative technology, strategic market positioning, and a commitment to improving healthcare accessibility [27]
Co-Diagnostics, Inc. to Participate in the Lytham Partners Fall 2025 Investor Conference on September 30
Prnewswire· 2025-09-30 13:30
Core Points - Co-Diagnostics, Inc. will participate in the Lytham Partners Fall 2025 Investor Conference, hosting a webcast presentation and one-on-one meetings with institutional investors on September 30, 2025 [1][2]. Company Overview - Co-Diagnostics, Inc. is a molecular diagnostics company based in Utah, specializing in the development, manufacturing, and marketing of advanced diagnostic technologies [3]. - The company's proprietary technology is utilized for tests designed to detect and analyze nucleic acid molecules (DNA or RNA) [3]. - Co-Diagnostics is also developing specific tests for its Co-Dx PCR at-home and point-of-care platform, which is subject to regulatory review and not currently for sale [3]. Event Details - The company's presentation is scheduled for 4:15 p.m. ET on the day of the conference, and it will be accessible via the conference homepage or directly through a provided link [2]. - A replay of the webcast will be available after the event, and the presentation slide deck can be found on the company's investor relations website [2]. - Management will engage in virtual one-on-one meetings throughout the event, with arrangements facilitated through Lytham Partners [3].
Tesla To Rally More Than 31%? Here Are 10 Top Analyst Forecasts For Friday - Amer Sports (NYSE:AS), Co-Diagnostics (NASDAQ:CODX)
Benzinga· 2025-09-19 12:22
Core Viewpoint - Top Wall Street analysts have revised their outlook on several prominent companies, indicating potential shifts in investment sentiment and opportunities in the market [1] Group 1: Analyst Ratings Changes - Analysts have made notable upgrades and downgrades on various stocks, reflecting changing perspectives on their future performance [1] - The article suggests that investors should consider the insights from analysts when evaluating stocks like TSLA [1]
Co-Diagnostics signs MoU with partner in Kingdom of Saudi Arabia
Yahoo Finance· 2025-09-17 13:35
Group 1 - Co-Diagnostics (CODX) has signed a strategic Memorandum of Understanding (MOU) with a regional manufacturing and distribution company in Saudi Arabia to explore a joint venture [1] - The joint venture will be licensed to develop, manufacture, and sell Co-Dx intellectual property across the Middle East and North Africa, including the upcoming Co-Dx PCR point-of-care platform [1] - The Saudi partner will provide local operational support, access to infrastructure, personnel, regulatory expertise, and other critical resources for the joint venture's objectives [1]
Co-Diagnostics Stock Plunges 28% In Pre-Market Despite Strategic Saudi Partnership - Co-Diagnostics (NASDAQ:CODX)
Benzinga· 2025-09-17 09:17
Core Insights - Co-Diagnostics Inc. experienced a significant stock price drop of 28.26% to $0.46 in pre-market trading, reversing the previous day's 80.76% surge to $0.64 [1][3] - The company announced a Memorandum of Understanding with a Saudi Arabian partner to explore a joint venture for developing and distributing its Co-Dx™ PCR platform technology in the Middle East and North Africa [2][4] Company Developments - The proposed joint venture will allow the Saudi partner to license Co-Diagnostics' intellectual property, including the upcoming Co-Dx™ PCR point-of-care platform, for the MENA markets [4] - CEO Dwight Egan highlighted the alignment of this initiative with Saudi Arabia's Vision 2030 [5] - The Co-Dx PCR platform is currently under FDA regulatory review and is not yet commercially available [6] Market Context - The stock has seen a decline of 36% from its peak of $1 on January 6, closing at $0.64 recently, despite a surge in trading volume from 1.8 million to 243 million shares [7] - Co-Diagnostics has a market capitalization of $24.85 million and trades within a 52-week range of $0.23 to $1.40 [7] - The company is experiencing long-term consolidation with medium and short-term upward movement according to Benzinga's Edge Stock Rankings [8]
Co-Diagnostics, Inc. Performs Analysis of Chikungunya Co-Primers® to Confirm Reactivity Against Known Virus Strains
Prnewswire· 2025-09-11 13:30
Core Insights - Co-Diagnostics, Inc. has conducted an in silico analysis confirming the effectiveness of its Co-Primers®-based PCR tests for detecting chikungunya virus (CHIKV), demonstrating high homology with over 1,200 CHIKV sequences and confirming reactivity against recent strains [1][4]. Company Developments - The Co-Diagnostics Logix Smart® ZDC Test received CE-marking regulatory clearance in 2019, allowing it to be sold as an in vitro diagnostic for Zika, dengue, and chikungunya, utilizing the patented Co-Primers technology [4]. - Co-Diagnostics has a joint venture in India, CoSara Diagnostics Pvt Ltd, which received clearance in October 2021 to manufacture and sell a multiplex RT-PCR test for dengue and chikungunya, also based on the Co-Primers platform [7]. Industry Context - As of July 2025, there have been nearly 250,000 cases and 90 deaths from CHIKV globally, with significant concentrations in South America and an estimated 5.6 billion people living in at-risk areas across 119 countries due to climate change affecting mosquito habitats [2]. - Chikungunya poses a considerable economic burden, particularly in low- and middle-income countries, with long-term health consequences such as chronic arthritis affecting 40% of patients [3].
Co-Diagnostics, Inc. Honored at Utah Business 2025 Innovation Awards Summit
Prnewswire· 2025-09-09 13:30
Core Insights - Co-Diagnostics, Inc. has been recognized at the Utah Business 2025 Innovation Awards Summit for its Co-Dx PCR platform in the Healthcare and Life Sciences category [1][2] - The award was accepted by CEO Dwight Egan, highlighting the company's innovative approach to molecular diagnostics [2][3] - The Co-Dx PCR platform aims to improve access to high-quality PCR diagnostics globally, with commercialization expected next year [3] Company Overview - Co-Diagnostics, Inc. is a molecular diagnostics company based in Utah, specializing in the development, manufacturing, and marketing of advanced diagnostic technologies [4] - The company's proprietary technology is utilized for tests designed to detect and analyze nucleic acid molecules (DNA or RNA) [4] - Co-Diagnostics also focuses on creating specific tests for its Co-Dx PCR at-home and point-of-care platform, as well as identifying genetic markers for various applications beyond infectious diseases [4]
Co-Diagnostics, Inc. to Host Booth at 17th Next Generation Dx Summit in Washington, D.C.
Prnewswire· 2025-08-18 13:30
Company Overview - Co-Diagnostics, Inc. is a molecular diagnostics company that develops, manufactures, and markets advanced diagnostic technologies designed to detect and analyze nucleic acid molecules (DNA or RNA) [6] - The company utilizes proprietary technology to create specific tests for its Co-Dx PCR at-home and point-of-care platform, as well as to identify genetic markers for applications beyond infectious disease [6] Upcoming Events - Co-Diagnostics will host a booth at the 17th Annual Next Generation Dx Summit, taking place both virtually and in-person at the Capital Hilton in Washington, D.C. from August 18-20, 2025 [1] - Attendees are encouraged to visit Booth 12 to learn about the Co-Dx Logix Smart® suite of clinical laboratory solutions and the upcoming Co-Dx PCR diagnostics platform, which includes tests for upper respiratory infections, tuberculosis, and HPV, expected to enter clinical evaluations in 2025 [3] Industry Context - The Next Generation Dx Summit serves as a platform for international thought leaders to network and discuss advancements in diagnostics and technology innovation, focusing on areas such as point-of-care testing, decentralized testing, infectious diseases, liquid biopsy, and companion diagnostics [2]