Connect with us

Hi, what are you looking for?

Stock

Health advocates press Cepheid for cheaper mpox tests

By Jennifer Rigby

LONDON (Reuters) – Global health advocates have written to the makers of a key mpox diagnostic test to call for its price to be cut from around $20 per test to $5, to help tackle low testing rates in poorer countries badly hit by the virus.

Medical (TASE:PMCN) diagnostics firm Cepheid’s GeneXpert mpox test is one of three approved for emergency use by the World Health Organization, but the price is prohibitive for countries like the hardest-hit Democratic Republic of Congo, activists said.

Mpox was declared a global public health emergency by the WHO this summer, when an outbreak in Congo began to spread to neighbouring countries. The virus typically causes flu-like symptoms and pus-filled lesions and can kill.

This week, WHO said cases in Africa showed a “general rising trend” although they may be levelling off in parts of Congo. But a lack of tests is hindering the capacity to confirm cases, particularly in Congo, one of the world’s poorest countries.

“We urge you to lower the price of the mpox test cartridges to $5 and prioritize supply for African countries fighting mpox outbreaks,” read the letter sent by groups including rights NGO Public Citizen and medical charity Medecins Sans Frontieres.

Cepheid’s test is particularly important because machines that process the results are available across Africa, as they are also used for tuberculosis testing.

Danaher (NYSE:DHR), the parent company of Cepheid, reduced its TB test prices to $7.97 last year after pressure from activists. The companies did not immediately respond to a request for comment.

The $5 price tag proposed by advocates is based on research showing that the tests can be produced for less than that.

Public Citizen’s access to medicines director Peter Maybarduk said the recent WHO approval was an opportunity to ramp up testing. “Lower prices would help health agencies meet the moment,” he said.

This post appeared first on investing.com






    You May Also Like

    Editor's Pick

    Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

    Latest News

    A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 balanceandcharge.com