Co-Diagnostics has initiated shipments for tuberculosis (TB) test studies in India, expanding its market reach across South Asia through a new partnership. This move aligns with WHO guidance and suggests strong growth potential, likely benefiting CODX's stock performance in the short term.
Co-Diagnostics (CODX) has expanded its market presence in South Asia, increasing its total addressable market to $13 billion. This strategic move supports its goal of commercializing the CoSara PCR Pro and SARAGENE product lines, potentially enhancing overall revenue and market penetration.
CODX withdrew its FDA 510(k) application due to shelf‐life stability concerns. An enhanced COVID-19 test version will be submitted after additional clinical data is collected. The new submission incorporates updated PCR platform developments for improved manufacturing. Premarket price down 14.9%, indicating immediate investor concerns.