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(Reuters) – Private equity firm Carlyle Group Inc-backed Ortho Clinical Diagnostics said on Wednesday its COVID-19 antibody testing program received a grant of $678,000 from the U.S. Biomedical Advanced Research and Development Authority (BARDA).
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The medical firm said it currently makes two COVID-19 tests – a total antibody test that detects all COVID-19 antibodies and the IgG test, which detects a specific antibody that appears in the patient\’s blood in the later phase of the infection and remains elevated even after recovery.
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Ortho Clinical said both tests had received emergency use clearance from the U.S. Food and Drug Administration in April, and currently produces millions of tests per week. (https://reut.rs/3hDTnQP)
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U.S. federal agency BARDA has invested billions in the development of testing kits, vaccines and treatments against the novel coronavirus, which has infected more than 2 million and killed over 116,000 in the country.
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(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Ramakrishnan M.)
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