Why OraSure Technologies Stock Is Soaring Today
Shares of OraSure Technologies (NASDAQ: OSUR) were soaring 15.2% as of 11:09 a.m. EDT on Monday. The big jump came after the company announced that the Food and Drug Administration granted Emergency Use Authorization (EUA) for the OMNIgene ORAL saliva collection and stabilization device used in coronavirus testing. The device was developed by OraSure's subsidiary DNA Genotek.
The FDA has issued EUAs for several COVID-19 diagnostics tests so far. But this one is the first device given a green light by the FDA where patients can collect their own saliva samples without a healthcare professional being present and send the samples to a lab for testing.
Image source: Getty Images.
Source Fool.com
