Hologic Inc develops, manufactures and supplies diagnostics products, medical imaging systems and surgical products for women's health. Its products are used in diagnosis of human diseases and screen donated human blood and plasma.
Hologic Gains as It Ramps Up Coronavirus Test Kit Production
Mar 18, 2020 @ 10:59
Shares of Hologic were an outlier on Wednesday, gaining more than 8% in premarket trading after the CEO of the biomedical diagnostics company said the company already was shipping out coronavirus test kits and expected to ramp that up even more next month. Hologic CEO Steve MacMillan told CNBC on Tuesday that his company was already shipping tests to labs across the country, and that it can produce as many as 600,000 of the tests in April, now that it has emergency authorization from the Food and Drug Administration. The company's tests are already in use after the FDA on Monday granted emergency use authorization for Hologix's Covid-19 test....
Hologic gets emergency use authorization for its COVID-19 test
Mar 17, 2020 @ 15:04
Hologic Inc. said Monday it received emergency use authorization from the Food and Drug Administration for its COVID-19 test. The company, which said that labs with Hologic's molecular diagnostic platform can process up to 1,150 tests in one day, has previously entered into a funding agreement with the Biomedical Advanced Research and Development Authority (BARDA) to develop a test for the novel coronavirus. Hologic said it will provide labs with "tens of thousands" of tests in March; in April, it plans to produce around 600,000 tests, as it ramps up production. Hologic's shares were down 10% in trading on Tuesday. Year-to-date, the stock has tumbled 44%, while the S&P 500 is down 26%....