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Genedrive Shares Jump As First 96 SARS-CoV-2 Kits Shipments Sent to the US

Updated: 22 Jul 2021

Shares of molecular diagnostics company, Genedrive plc (LON: GDR) jumped over 20% on Wednesday after it said the first shipments of its Genedrive 96 SARS-CoV-2 Kits have been made to the United States.

The announcement comes following its distribution deal with Beckman Coulter Life Sciences with Genedrive completing its commercial and technical training with the company’s sales representatives and has now shipped the first batch of kits to the USA.

“This shipment will allow Beckman Coulter to commence initial sales activities and prepare the market for wider commercial rollout. This shipment coincides with the formal launch of the Genedrive® 96 SARS-CoV-2 Kit by Beckman Coulter today,” Genedrive stated.


David Budd, CEO of Genedrive, said: “We are very optimistic about the US market for Covid PCR testing and it has market drivers that are favorable to the adoption of the genedrive assay: efficiency, ease of use, automation friendly, and scalability.”

Genedrive’s stock price is currently priced at 152p, up 16.92%.

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