Abbott's test, BinaxNOW, is a COVID-19 diagnostic test that can deliver results in 15 minutes without the use of lab equipment. The test will cost just $5, according to Abbott.The new COVID test will be accompanied by a free smartphone app that will display a user's test results, which can then be displayed when asked at social gathering places like schools and workplaces.
According to Abbott, the BinaxNOW test delivered sensitivity of 97.1% and accuracy of 98.5% in a clinical study. Abbott isn't the only company that received FDA emergency authorization for a potential game-changing COVID-19 test this week. for its saliva-based COVID-19 test, allowing patients to avoid the more invasive nasal swab test that has been used since the outbreak began earlier this year.