Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Health advocates press Cepheid for cheaper mpox tests

By Jennifer Rigby

LONDON (Reuters) – Global health advocates have written to the makers of a key mpox diagnostic test to call for its price to be cut from around $20 per test to $5, to help tackle low testing rates in poorer countries badly hit by the virus.

Medical (TASE:PMCN) diagnostics firm Cepheid’s GeneXpert mpox test is one of three approved for emergency use by the World Health Organization, but the price is prohibitive for countries like the hardest-hit Democratic Republic of Congo, activists said.

Mpox was declared a global public health emergency by the WHO this summer, when an outbreak in Congo began to spread to neighbouring countries. The virus typically causes flu-like symptoms and pus-filled lesions and can kill.

This week, WHO said cases in Africa showed a “general rising trend” although they may be levelling off in parts of Congo. But a lack of tests is hindering the capacity to confirm cases, particularly in Congo, one of the world’s poorest countries.

“We urge you to lower the price of the mpox test cartridges to $5 and prioritize supply for African countries fighting mpox outbreaks,” read the letter sent by groups including rights NGO Public Citizen and medical charity Medecins Sans Frontieres.

Cepheid’s test is particularly important because machines that process the results are available across Africa, as they are also used for tuberculosis testing.

Danaher (NYSE:DHR), the parent company of Cepheid, reduced its TB test prices to $7.97 last year after pressure from activists. The companies did not immediately respond to a request for comment.

The $5 price tag proposed by advocates is based on research showing that the tests can be produced for less than that.

Public Citizen’s access to medicines director Peter Maybarduk said the recent WHO approval was an opportunity to ramp up testing. “Lower prices would help health agencies meet the moment,” he said.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com