Company Of The Day: Roche

December 6th, 2021 by Trefis Team
-5.94%
Downside
39.56
Market
37.21
Trefis
RHHBY: Roche Holding logo
RHHBY
Roche Holding

What?

Healthcare major Roche (OTMKTS:RHHBY) says that it has developed a new PCR test kit to detect the new omicron variant of the coronavirus, which has been denoted a “variant of concern” by the World Health Organization.

Why?

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While widely available Covid-19 tests can detect infections, most tests can’t distinguish between Omicron and other variants. The new test from Roche’s recently acquired subsidiary TIB Molbiol could address this issue.

So What?

While we don’t expect this development to be very material to Roche’s stock, it could enable governments and researchers to better understand the spread and behavior of the concerning new variant.

See Our Complete Analysis For Roche

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