T2 Biosystems jumps 38% after saying its diagnostic test can detect COVID-19 variants (TTOO)
T2 Biosystems soared as much as 38% on Tuesday after the company said its diagnostic test for COVID-19 proved effective in identifying variants of the virus that are spreading in the UK and South Africa.
The T2SARS-CoV-2 Panel has demonstrated clinical sensitivity of 95% and specificity of 100%, the company said.
“This analysis demonstrated that the T2SARS-CoV-2 Panel should detect 99.99% of all SARS-CoV-2 viruses based on sequence alignments,” the company said.
The bigger question is whether the COVID-19 vaccines from companies like Pfizer, Moderna, and AstraZeneca will also protect the population against these new COVID-19 variant strains. So far, a study by Pfizer showed their vaccine should be effective against the various mutations of COVID-19.