Therma Bright Inc V.THRM

Biden says US will order 300 M covid rapid tests

[wm23four]

Biden announces US will commit $2B to purchasing 300M covid rapid tests.  Sure would be nice if THRM's rapid saliva test could get FDA EUA approval soon so they could get a slice of this. No saliva tests have FDA approval yet as far as I know.  Just think what the demand will be when/if they get approval.   The sooner the better.  No guarantees on approval, But I sure like the odds.  IMO the risk/reward at current share price is well worth it.

[PepperidgeFarm2]

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[spygate]

Joe remember? haha...now that is funny

[LosingHope]

Joe doesn't have to remember anything anymore, that's what all his advisors are there for :-)   I just hope they remind him that not that not only did Tom vote for him, he also endorsed him in 2020.  It's hard to forget when a former Republican Governor and first Secretary of Homeland Security under W. Bush endorses a Democratic Presidential candidate.  But

[stockmonster6]

Yes.  Once approval is granted, given we are the only so far - I think our market share will be quite nice.  However, we need this approval ASAP

[Commoncents]

Like tomo! 

[TheeRook]

That is because compared to the current at-home tests the LOD of the saliva tests are not good enough.  A negative test does not mean you do not have Covid. The latest FDA approved   187   TCID50/mL     much better than the first generation of Rapid Tests from early 2020. BD Veritor™ At-Home COVID-19 Test Table 6: BD Veritor™ At-Home COVID-19 Test Limit

[Smokey1958]

In the US the FDA makes a distinction between authorization and approval. Approval is a much more rigorous and time consuming process thus the EUA process and designation. There have been very few covid tests of any kind that have been approved ...virtually all have been authorized under the EUA. As for the difference between nasal and saliva samples there were very companies that explored the