RE:Biden says US will order 300 M covid rapid testsThat 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 of Detection
Estimated LoD 1.87 x 10^2 TCID50/mL 19/20 95%
wm23four wrote: 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.