Everything Genetic has invested into a diagnostics technology start-up, which the inventor claims is set to ‘hack and digitise’ the $7bn global lateral flow diagnostics market.
Our CEO James Price says the innovative device minimises user error and at least doubles test sensitivity through digitally reporting COVID test results.
When will it be available ?
Expected to be in wide circulation across the UK by the Winter, the ‘cost effective’ digital readout tech can be retrofitted into more than 200 manufacturers’ existing lateral flow tests.
This enables increased sensitivity, quantification and reliable multiplexing, whilst making the process less burdensome by automating the process, saving users 5-10 minutes every time they take a test.
The new test-agnostic electronic measurement device also removes the risk of individuals mistakenly interpreting results or falsely claiming positive results when self-reporting.
Price believes the investment into the tech has built upon the foundations of life-sciences advancements during the pandemic, and represents the next step in diagnostic testing.
“Currently, self-reporting of COVID testing through lateral flow devices is open to a multitude of problems,” he said.
“According to Government data, there are around three quarters of a million lateral flow tests being undertaken daily1. Either through malpractice or simply mistakenly interpreting the result, just one in a hundred misread tests could result in 7,500 people potentially continuing to spread the virus among the population.
“If we’re to ease restrictions without further spikes of the virus, we’ll need more traceable and accurate reporting of where COVID is in circulation. That’s where these devices come into play. They digitise the process and have the potential to be used in homes across the country or in ports and airports – spotting emergent cases and variants before they even land on our shores.”
Our COVID testing service
We have been working with over 200 corporate partners on COVID testing since the start of the pandemic and have processed more than 200,000 samples over the past 10 months.
This investment represents an overhaul of our business practices, and our CEO adds: “As a company, going from taking inward investment, to pushing out external investment in emergent tech such as this is a significant shift.
“Up until now, the company’s history was predominantly focused on genetic testing for cancers. Fitting the business’ long-term vision, we want to take that approach, combined with everything we’ve learnt during the pandemic, and apply it to other areas of diagnostics and healthcare.
“It’s a really exciting time for the business and life-sciences generally across the UK, but we’re really keen to bring the device to market and revolutionise at-home testing. But ultimately, we want to add an extra layer of defence to the country’s fight against COVID and ensure the easing of restrictions is made permanent.”