Navigation Links
COVID-19 Has Small Negative Impact on Market for Companion Diagnostics: Kalorama
Date:6/23/2020

In its latest report on companion diagnostics, IVD market research firm Kalorama Information updated market sizes and forecasts for the market for tests tied to therapeutic selection or effectiveness. To get a sense of the current marketplace, analysts informally surveyed oncology treatment centers in hospitals, as well as pharmaceutical companies serving them to determine recent market trends. The analysts found:

  • Initial (March 2020) decline in CDx requisitions, yet by April 2020 this was largely resolved;
  • Less than 10 percent reduction in test volume reported;
  • Budgets largely frozen, no capital expenditures will be initiated in the foreseeable future;
  • Some backlog on processing tests due to restructuring of hours and laboratory layout requirements; and
  • By appointment only lab draws were in effect beginning around February 2020 for some facilities and ongoing through April 2020 which impacted test volume slightly.

Delaying treatment in patients with overall good prognosis would be detrimental to the outcome in some patients prescribed targeted therapies, primarily cancer therapies. Therefore, oncologists report only minimal delays in treatment which is often determined case-by-case, dependent on factors such as disease status, cancer type, age of the patients, etc.
For example, systemic therapy may be delayed for a short period in patients aged 50 or older with non-aggressive tumor types; in contrast, delaying treatment in an aggressive tumor could be catastrophic to the patient's outcome.

Spartan Bioscience developed its CE and FDA approved DNA analyzer to detect risk of poor treatment choices for patients taking various antiplatelets, antidepressants and PPIs. People carrying CYP2C19 mutations can impair drug metabolism and alter response to drug therapy. Over the first-half of 2020, Spartan Bioscience has shifted its technology to focus on detecting COVID-19 and Legionella using its qPCR on-site DNA analyzer.

Along with new developments, diagnostic service providers are also shifting workloads to address the demand for COVID-19 services. MiraDx, for example, has opened its CLIA-certified lab to providing COVID-19 test services. The lab has an analyze capacity of over 9,000 tests with no backlog, reported by MiraDx. The company also reports test results are available in approximately 48 hours and are being prioritized for hospitals, essential workers and field-based healthcare workers. MiraDx lists the test at $150 per completed test.

There is also a growing trend for treatment centers, specifically cancer treatment centers, and research hospitals to get involved in the COVID-19 recovery plan. The Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins University (Baltimore, Maryland, United States) is gearing up to commence a Phase II trial to promote recovery from COVID-19 with ivermectin or bicalutamide endocrine therapy. The study is an interventional trial with an estimated enrollment of 60 participants that have had a confirmed PCR test of COVID-19 infection and require inpatient hospitalization due to COVID-19 with minimal or no respiratory symptoms. Estimated start date is June 2020 with estimated completion in June 2021.

About Kalorama Information
For more than 30 years, Kalorama Information has been a leading publisher of market research in healthcare areas, including in vitro diagnostics (IVD), biotechnology, healthcare, medical devices, and pharmaceuticals.

Read the full story at https://www.prweb.com/releases/covid_19_has_small_negative_impact_on_market_for_companion_diagnostics_kalorama/prweb17206061.htm.


'/>"/>
Source: PRWeb
Copyright©2020 Vocus, Inc.
All rights reserved


Related medicine news :

1. Global eBrand Donates Thousands of PPE amid COVID-19 to Local Organizations in the GTA
2. Uniform Advantage Responds to COVID-19 with New Safety Measures and Protocols
3. NDA Partners Supports Successful EUA by FDA for Expedited Approval of COVID-19 At-home Diagnostic Test Kit
4. Foot doctor Tomasz Biernacki discusses the role of the podiatrists at Advanced Foot & Ankle Specialists of Fowlerville, MI while supporting the COVID-19 response
5. TRC Companies Develops COVID-19 Back to Business Self-Assessment
6. Summit Medical Hits Milestone to Deliver 1 Million FDA-Compliant Face Shields to Protect Health Care Workers — and Returning Business Employees — From Spread of COVID-19
7. A Safe Haven Foundation Receives Donation from The AbbVie COVID-19 $5 Million Dollar Community Resilience Fund To Tackle Healthcare For The Homeless
8. AmeriCare Medical Offers Covid-19 Employee Screening Assisting Metro Detroit Companies with Reopening
9. Coalition Recovery Warns of The Rise of Mental Health and Substance Abuse During COVID-19
10. Bliss Dental Miami Re-Opens With COVID-19 Precautions Set in Place for Patient Safety
11. T1V Announces COVID-19 Impact on UCC Webinar with Dr. David B. Agus and Industry Expert Panel
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/5/2020)... , ... August 05, 2020 , ... ... loss of consciousness, seizures, prolonged length of hospital stay, or even death. A ... of insulin-treated patients with Type 2 diabetes to see if the use of ...
(Date:8/5/2020)... ... August 05, 2020 , ... ... industry, as president of the largest veterinarian-owned purchasing Cooperative in the United States. ... various roles where she gained extensive knowledge and experience in the animal health ...
(Date:8/5/2020)... ... August 05, 2020 , ... Today, YPO Africa , a global leadership ... platform for Africa, announced that they have entered into a unique bilateral alliance. The ... support each other in their African impact efforts, with an initial focus on YPO’s ...
(Date:8/5/2020)... ... August 04, 2020 , ... MemoryCare.com , a ... the Best Memory Care Facilities in Austin, Texas. The guide identifies 14 memory ... , According to the Alzheimer’s Association , 5.6 million people aged 65 ...
(Date:8/3/2020)... ... 2020 , ... Evolution Labs announced today that St. Lucie ... developed to help students navigate a range of issues related to Mental Health, ... provide their students with preventative lessons after recent studies of social media impact ...
Breaking Medicine News(10 mins):
(Date:8/12/2020)... ROCKVILLE, Md. (PRWEB) , ... August 12, 2020 ... ... American Speech-Language-Hearing Association (ASHA) is offering advice for parents of the more ... disorders to help their children perform and adjust to new virtual and modified ...
(Date:8/11/2020)... ... August 11, 2020 , ... RCare, Inc. (Response Care), creator of ... 6 months. This has been largely due to new major product offerings and an ... pandemic. RCare designed and custom-built the Rapid Deployment Kit (RDK), a portable, wireless ...
(Date:8/7/2020)... ... August 07, 2020 , ... Glewed TV, ... and professionally produced video content, today announced a partnership with award-winning director Charles ... of real cancer patients. The first reality TV series of its kind, Eight ...
Breaking Medicine Technology: