Daily Newsletter

23 November 2023

Daily Newsletter

23 November 2023

Sapphiros signs Covid-19 test distribution deal with Cencora in US

As part of the deal, Cencora will have access to the future technologies of Sapphiros.

Archana Rani November 23 2023

Consumer diagnostics platform company Sapphiros has signed a Covid-19 test distribution agreement with Cencora, which was formerly known as AmerisourceBergen Corporation.

Under the deal, Cencora will be responsible for distributing the Sapphiros’s GoToKnow Covid-19 Antigen Rapid Tests to pharmacies in the US.

Sapphiros expects the strategic partnership to improve accessibility and convenience for patients looking to purchase reliable Covid-19 testing solutions.

Authorised by the US Food and Drug Administration only for the detection of proteins from SARS-CoV-2, the GoToKnow rapid antigen test is developed to allow users to take tests at home.

It provides results in 15 minutes for the identification of the SARS-CoV-2 nucleocapsid protein antigen.

During the acute infection phase, this antigen is generally detectable in anterior nasal swab specimens.

Cencora will also have access to Sapphiros's future technologies, including additional rapid lateral flow tests for diseases beyond Covid-19, a fully disposable, low-cost multiplexed molecular diagnostics platform, and the Satio blood collection patch planned to be launched early next year.

Sapphiros CEO Mark Gladwell said: “This is a significant milestone for our company and further validates Sapphiros’s unique and transformational technologies.

“We are honoured to partner with Cencora to bring this product as well as future innovative product offerings directly to patients across the US enabling the consumer to directly access their diagnostic results and manage their health.”

Backed by KKR and Neoenta, Sapphiros has a portfolio of capabilities and technologies such as novel sample collection, next-generation diagnostics, computational biology, and printed electronics.

Can Generative AI transform the medical devices industry?

The healthcare, pharma, and medical devices industries are often risk-averse compared to other sectors when adopting new technologies. However, mainly due to COVID-19, these sectors have witnessed an acceleration in digital transformation, which has improved efficiencies and enhanced patient outcomes. AI can revolutionize the drug discovery process and significantly reduce the time and cost to get a drug to market, particularly in areas of unmet need. There is also huge potential for AI in medical diagnostics. However, using healthcare data for AI development raises data privacy concerns.

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