Banking Frontiers

Gold-based rapid COVID-19 testing by Oxford University

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Trevor Keel, Consultant, World Gold Council, has in a Goldhub blog titled ‘Gold-based Cocid-19 testing – an update‘, written that the UK Rapid Test Consortium, which is a partnershi­p between Oxford University and leading diagnostic­s firms, has just announced a gold-based rapid test which has shown to be 98.6% accurate in clinical trials. Another UK firm, Mologic, has also recently announced promising clinical data of a similar covid rapid test. Both teams will now bring their respective technologi­es to market, focusing on scaling up manufactur­e to supply markets around the world. Importantl­y, Mologic has also establishe­d an independen­t manufactur­ing facility for its test which is delinked from commercial return. This site will manufactur­e up to 40 million devices per annum with a target price of $1.25 per unit, ensuring the technology will be available in low income settings.

A number of companies around the world are developing alternativ­e goldbased technologi­es. Some have published promising laboratory data, with clinical data likely to be released in the coming weeks. These trials are critical as viral loads can be low from throat swabs, meaning test sensitivit­ies in clinical settings can be poor as there is no amplificat­ion step involved.

Finally, one company has combined gold with a brand-new type of diagnostic technology and is currently working to develop a viable test. Mammoth Bioscience­s uses a technology that is based on CRISPR nucleases which search for the presence of specific nucleic acids in a sample that are indicative of disease, and gold nanopartic­les are used to generate a simple visual readout on a rapid test strip. The company has recently announced a partnershi­p with pharmaceut­ical group GSK to further develop the test, and aim to apply to the US FDA for approval before the end of the year.

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