FN Media Group Presents USA News Group News Commentary
Vancouver, BC –November 9, 2021 – USA News Group – After the launch of US President Joe Biden’s pushing of mandatory vaccination/testing in the workplace, new problems have arisen, such as expensive testing costs, and rampant supply shortages. On top of that, accuracy issues have also plagued the cause, as a series of false positive test results demonstrated on the popular TV show The View recently, and highlighted flaws in current Covid-19 testing protocols. False positives are becoming increasingly likely, with false positive rates as high as 16.7%. Now new options for businesses and their employees are coming from companies such as Bloom Health Partners Inc. (CSE:BLMH), Qiagen N.V. (NYSE:QGEN), BioNTech SE (NASDAQ: BNTX), Novavax, Inc. (NASDAQ: NVAX), INOVIO (NASDAQ:INO).
Now with the USA’s pending mandates coming from Occupational Health and Safety Administration (OSHA) and the Biden Administration, organizations with more than 100 employees will be required to either have employees vaccinated or test regularly.
In the wake of this shift, global healthcare security, diagnostic treating and occupational health-tech providers Bloom Health Partners Inc. (CSE:BLMH) have steadily gained new clients with their scalable, integrated platform that manages health and safety data in the workplace. The company is coming off of a recent rebranding from its previous name, Maitri Health.
“Going to market with our new brand marks an exciting milestone for our business,” said Andrew Morton, CEO of Bloom. “We’ve worked hard over the past few months to align health services, products and strategy on a single platform.”
After the acquisition of Round Hill Health Partners LLC on July 14, 2021, Bloom has since combined its network of labs and clinical expertise with a cloud software platform strategy.
Now operating under one brand, Bloom is defining ‘Occupational Health Tech’ as a complete solution for organizations to run safely today and more efficiently in the future.
Bloom’s clients include film and tv productions, Fortune 500, government, sports and entertainment, and the company has reported experiencing tremendous demand for testing across the US and Canada.
“We’ve created a unified brand message for our clients that represents a focus on intelligent health products and services,” added Morton. “Bloom is defining a new category: Occupational Health-Tech. Our platform combines technology, laboratories, advisory services and clinical expertise. We’re successfully getting clients through the pandemic and helping them structure health strategies that will continue through the years to come.”
As an end-to-end provider, Bloom has onsite clinical services, best in class laboratories and advisory services integrated with a data driven digital platform.
Abbott Laboratories has witnessed similar trends, especially for its BinaxNOW tests, which spokesperson for the company, John Koval, claims are seeing “unprecedented demand”.
“Today, there are tens of millions of BinaxNOW tests in various settings and supply chains,” Koval said in an email. “We’re working with our customers to ensure tests get to where they’re most needed and we’re ramping back up, as we did last year… There will be some supply constraints over the coming weeks as increased capacity comes online.”
Unfortunately for Abbott, in mid October, issues regarding false-positives and accuracy led to a recall of two lab test kits, according to the FDA.
Earlier this year the FDA granted an Emergency Use Application (EUA) to Becton, Dickinson and Company (‘BD’) for its BD VeritorTM At-Home Covid-19 Test—the first at-home Covid-19 rapid antigen test to use computer vision technology in a smartphone to interpret and provide digital display of testing results.
“The rise in COVID-19 cases from the Delta variant has increased the demand for at-home testing, and the BD Veritor™ At-Home COVID-19 Test is an easy-to-use test with definitive digital results that is ideal for use in the home,” said Dave Hickey, president of Life Sciences for BD. “New mandates from governments and businesses are specifying the need for periodic testing for those who cannot or chose not to be vaccinated, and this new test may help businesses, governments or schools fulfill those requirements.”
The BD Veritor™ At-Home COVID-19 Test is designed to be easily performed at home by people 14 years of age or older, using Scanwell Health’s app to provide clear digital results in 15 minutes.
Another home test from German genetic testing specialists Qiagen N.V. (NYSE:QGEN) is seeking to capitalize on the detection of even more everyday infections. So far, Qiagen’s net profit of $250m in the first six months of 2021 has been almost double that of the same period in 2020, when Covid-19 testing was still limited.
“[Demand for Covid-19 tests] completely changed the paradigm for a company like ours,” Thierry Bernard, chief executive, told the Financial Times. The shift exploded the value of Qiagen, which saw multibillion takeover attempts from majors in the industry last year.
In other Covid-19 Related news and happenings:
INOVIO (NASDAQ:INO), a biotechnology company focused on bringing to market precisely designed DNA medicines to help protect people from infectious diseases and treat cancer and HPV-associated diseases, announced that the U.S. Food and Drug Administration (FDA) provided authorization to proceed for INOVIO’s INNOVATE Phase 3 Segment for its COVID-19 Vaccine Candidate, INO-4800, in the U.S. The FDA has lifted the partial clinical hold following the FDA’s review of additional non-clinical, clinical, and device information provided by INOVIO.
Dr. J. Joseph Kim, INOVIO’s President and CEO, said, “I want to recognize and express my appreciation to my INOVIO colleagues for their hard work throughout this process. We are pleased to have the opportunity for U.S. clinical trial participants to potentially contribute to the enrollment in our INNOVATE Phase 3 segment. Today’s U.S. announcement builds on our intensive global efforts in India, Brazil, Philippines, Mexico, Colombia, and Thailand where we have received authorizations to date.”
Novavax, Inc. (NASDAQ: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, announced the completion of its rolling submission to the World Health Organization (WHO) for emergency use listing (EUL) of NVX-CoV2373, its COVID-19 vaccine candidate.
“Today’s submission reflects our continued focus on accelerating access and equitable distribution as we work to bring our vaccine to people in need around the globe,” said Stanley C. Erck, President and Chief Executive Officer, Novavax. “We continue to work with urgency to deliver our COVID-19 vaccine, built on a proven, well-understood vaccine platform, because no one is safe until everyone is safe.”
Pfizer Inc. and BioNTech SE (NASDAQ: BNTX) announced that the U.S. Food and Drug Administration (FDA) has authorized for emergency use the Pfizer-BioNTech COVID-19 Vaccine for children 5 through 11 years of age (also referred to as 5 to <12 years). For this age group, the vaccine is to be administered in a two-dose regimen of 10-µg doses given 21 days apart. The 10-µg dose level was carefully selected based on safety, tolerability and immunogenicity data. This is the first COVID-19 vaccine authorized in the U.S. for individuals 5 through 11 years of age.
“This is a day so many parents, eager to protect their young children from this virus, have been waiting for,” said Albert Bourla, Chairman and Chief Executive Officer, Pfizer. “Over 6 million children in the U.S. have been diagnosed with COVID-19 since the start of this pandemic, and a high number of young people continue to be infected every week. With this FDA authorization, we have achieved another key marker in our ongoing effort to help protect families and communities, and to get this disease under control.”
Read more here: https://equity-insider.com/2020/11/04/a-healthcare-company-with-a-technological-advantage/
USA News Group
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