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Aditxt (ADTX) Stock Has Surged Higher, Here’s Why

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Updated: 06 August 2020

Life sciences company Aditxt (NASDAQ:ADTX) stock has surged higher before the US market open today, sending its share price as high as 80%…

It has fallen slightly since and is now trading at $6.69, Up by 70.23%, but what has caused its surge…

Well, the company issued a press release earlier today introducing AditxtScore which is used to detect antibodies against SARS-CoV-2 and can be used to detect COVID-19 antibodies.

The company said that that it can be used to “detect and differentiate various antibody isotypes (IgG, IgM, IgA) against multiple SARS-CoV-2 antigens (e.g. RBD, S1, NP) simultaneously in a single reaction.”

While the most used platform, ELISA can only detect one antibody isotype against one antigen at a time.

They went on to say that false positive and false negative tests are significantly reduced with its antibody profiling system, and they feel it will be a valuable tool to evaluate COVID-19 immune responses.

Aditxt now plans to file for an Emergency Use Authorisation (EUA) followed by a 510(K) application with the FDA by the end of the third quarter.

Harpreet Sandhu, Chief Executive Officer of Stanford Blood Center (SBC), commented, “The AditxtScore for COVID-19 has the potential to be a game changer for our industry. AditxtScore for COVID-19 is a multiplexed platform that has shown tremendous speed and accuracy, which is extremely critical for meeting the ongoing COVID-19 challenge.”