India now has COVID-19 self-test kit for home use following Abbott’s launch

INDIA – Healthcare major Abbott has launched COVID-19 home test kit in India for the detection of the SARS-CoV-2 virus in adults and children with or without symptoms. Abbott will deliver millions of PanBio COVID-19 rapid antigen tests, available for self-use, to ease the burden on healthcare systems in urban and rural India in an effort to help facilitate the return to work and school program across India. The rollout of the product took place on the same day in India as it did in Singapore and affiliates of Abbot…

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Diabetes tech market continues to witness an upward trend as more companies are coming up with new innovations

US – Despite the volatility of last year’s economy due to the corona virus pandemic, diabetes technology companies experienced tremendous success. Analysts have been bullish on the market as companies target new patient populations and major product launches have been planned for 2021 with clinicians approving of the same. Recent surveys of healthcare professionals projecting both the use of continuous glucose monitors and insulin pumps to jump in the coming years. While continuous glucose monitoring (CGMs) and insulin pumps are the primary devices in diabetes tech, the space is also…

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SpinChip successfully secures NOK 130 million (€13.5 million) in a financing round

NORWAY – SpinChip Diagnostics AS, a pioneering, diagnostics company developing a next-generation point-of-care platform for in vitro diagnostics, today announced the completion of its financing round, successfully securing NOK 130 million (€13.5 million). Carnegie Investment Bank Norway acted as Sole Bookrunner on SpinChip®’s NOK 130 million (€13.5 Million) private placement. Alongside new cornerstone investors such as Kistefos AS, the financing round was also well supported by existing shareholders. The proceeds from the financing round will be used to further advance SpinChip®’s proprietary point-of-care (POC) in vitro diagnostics platform in addition…

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