An Abbott Labs employee gets the BinaxNOW rapid Covid-19 antigen test at her workplace.
Abbott Labs

Abbott Labs has a team of “virus hunters” who are working with health officials around the world to monitor Covid-19 variants as some mutated strains show an ability to evade detection, CEO Robert Ford said during an interview at CNBC’s Healthy Returns event.

“They’re constantly looking for new viruses, and in this case we set up a team to be able to monitor all the mutations that could exist,” he said of its pandemic defense coalition. “It can’t just be a U.S. thing, you have to partner with all the countries all the universities, all the different collection sites, then I think that’s the way to go.”

The Food and Drug Administration alerted clinical staff in January that new variants can cause false negative Covid-19 test results. The agency identified three tests, none of which were made by Abbott, that could be less accurate because the part of the SARS-CoV-2 genetic sequence the tests were looking for had mutated in some of the variants.

Ford also made it clear that with the pace in which Covid-19 is mutating, there is no time to waste. Scientists need to “chase these mutations,” he said.

In the meantime, scientists are developing a new generation of tests that look for parts of the virus that are less likely to mutate and lead to false negative results.

Antigen testing, like the one used in Abbott’s popular Binaxnow Covid-19 tests, targets proteins in the virus that are less likely to mutate over time.

You May Also Like

Cheniere and Shell oil tankers change course to avoid Suez Canal as ships divert routes

In this article BG .SPIPSA RDSA-GB LNG A dredger attempts to free…
World Cup travel boost hasn’t materialized for U.S. businesses, yet

World Cup travel boost hasn’t materialized for U.S. businesses, yet

The 2026 World Cup is expected to bring a wave of global…

Aston Martin launches first F1 car in over 60 years

LONDON — British luxury carmaker Aston Martin on Wednesday launched a new…
Prediction markets scrutiny mounts from regulators and banks

Prediction markets scrutiny mounts from regulators and banks

The Commodity Futures Trading Commission is conducting an internal review into “mention…