Company Of The Day: Roche

by Trefis Team
+11.98%
Upside
50.03
Market
56.03
Trefis
RHHBY
Roche Holdings
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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?

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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