The Courier-Mail

COVID RAPID TEST GAINS APPROVAL IN EUROPE

- GLEN NORRIS

ANTEOTECH will roll out its rapid COVID-19 test in Europe over the next few months joining fellow biotech Ellume in the fight against the pandemic.

ASX-listed AnteoTech said it had received CE mark registrati­on for the test that can detect the virus within 15 minutes and process up to 60 patients an hour. AnteoTech said it had manufactur­ing facilities in Spain ready to start making the testing kits from later this month as borders open up across Europe.

AnteoTech is one of the first Australian companies to receive European regulatory approval for a rapid COVID-19 test, allowing it to immediatel­y enter the market of 447 million people.

The CE mark indicates conformity with health, safety and environmen­tal protection standards for products sold within the European Economic Area and the UK.

Brisbane-based AnteoTech’s technology, which detects the virus using a molecular surface coating “glue”, is already used in Ellume’s test which recently received US Federal Drug Administra­tion approval to roll out in the world’s biggest economy.

Brisbane-based Ellume won a $US235m ($309m) contract with the US Department of Defence in February for the manufactur­e and distributi­on of its rapid COVID-19 test across the armed forces.

AnteoTech CEO Derek Thomson said the European regulatory approval was a key milestone in the company’s strategy to build a global market for its products.

“We believe we have a superior test with high sensitivit­y,” Mr Thomson said.

“We can be ready to start production in April from facilities in Spain. It will allow us to capture a share of the growing and evolving antigen rapid testing market in

Europe and the UK.”

AnteoTech shares rose 6 per cent to 26.5c.

 ??  ?? AnteoTech CEO Derek Thomson with the newly approved
AnteoTech CEO Derek Thomson with the newly approved
 ??  ?? COVID-19 testing machine about to be sold throughout Europe. Picture: David Clark
COVID-19 testing machine about to be sold throughout Europe. Picture: David Clark

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