Here’s What Has Sent Co-Diagnostics (CODX) Shares to Blast Off 82% Today
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Co-Diagnostics Inc (NASDAQ:CODX) stock is swerving up 82% on back of a research alliance scored with the Wan Group at Stanford University. Investors are thrilled to see the Salt Lake City-based molecular diagnostics company participate in the Wang Group’s research project, where CODX’s Co-Primer platform technology will take centerstage.
For context, the company’s Co-Primers stand as sixth-generation probes for real-time polymerase chain reaction, designed by CODX’s Dr. Brent Satterfield to deliver potent and advanced reagents. The technology boosts the speed, accuracy, as well as cost effectiveness of polymerase chain reactions.
Stanford’s research project has been crafted to develop methods boasting better efficiency in detecting multiple genetic mutations in the epidermal growth factor receptor (EGFR) gene. Notably, this includes the most frequently occurring mutations in lung cancer, within a single reaction.
Wang Group investigators have been conducting research into the subject for various years now, with prior published results having used commercially available primers. Now, the researchers have gotten in touch with Co-Diagnostics to use its Co-Primer technology to glean even more improvement in comprehensive detection methods of mutations known to cause cancer. The current study’s results are expected to be compiled and published by the close of this year.
Co-Diagnostics CEO Dwight Egan commented: “We were honored that the Wang Group at Stanford University approached Co-Diagnostics and expressed interest in applying our CoPrimer technology to their endeavors to improve detection of cancer. The ability to multiplex within a single reaction, along with the heightened specificity and allowing for a massive reduction in false positives, are some of the most valuable benefits of this technology, making it ideal for cancer detection and liquid biopsy applications. The continued results of this study will help to further advance the capabilities of our technology and lay the groundwork for products to service these fast-growing markets.”