Visby Medical announced today that it picked up $25.5 million in government funding to develop an at-home flu/COVID-19 diagnostic.
San Jose, California-based Visby executed an option in a contract from the Biomedical Advanced Research and Development Authority (BARDA) to pick up an additional $25.5 in funding for the development and validation of the at-home combination test. The incremental funding follows the initial contract awarded in February 2021.
According to a news release, Visby designed its developmental-stage flu-COVID-19 PCR test as a single-use, handheld, all-in-one device for detecting and distinguishing between influenza A, influenza B and SARS-CoV-2 all in one sample. It delivers results in less than 30 minutes and requires no additional equipment.
“We are honored by BARDA’s confidence in our team’s ability to develop this test and bring it to market, and we’re excited to be a part of the solution to keep kids in s…