Swiss drugmaker Roche says demand for Covid-19 tests exceeds production

"The demand exceeds our production," Christoph Franz was quoted as saying in Saturday's paper. The decision on where tests were shipped to depended, among other things, on infection rates and the availability of diagnostic equipment. Demand for it...

AFP
The drugmaker has said that it aims to more than double production of antibody tests to well over 100 million a month by the end of the year.
VIENNA: Swiss drugmaker Roche is unable to meet demand for molecular tests to identify active COVID-19 infections, its chairman told Swiss daily Tagesanzeiger.

"The demand exceeds our production," Christoph Franz was quoted as saying in Saturday's paper. The decision on where tests were shipped to depended, among other things, on infection rates and the availability of diagnostic equipment.

Demand for its antibody tests, which determine whether people have ever been infected with the coronavirus, can be met as Roche has been boosting production, he said.


The drugmaker has said that it aims to more than double production of antibody tests to well over 100 million a month by the end of the year.

Franz said that Roche had started research on a potential drug to treat COVID-19 but added that these efforts were at a very early stage.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Business › Swiss drugmaker Roche says demand for Covid-19 tests exceeds production
Text Size:AAA
Success
This article has been saved

*

+