Lucira Health and Co-Defend/Co-Protect Announce Expanded Partnership for 2022
Lucira Health, Inc. (LHDX) has announced a distribution agreement to supply at least 600,000 COVID-19 test kits in 2022 through Co-Defend and Co-Protect. This partnership leverages Co-Defend's extensive network to make Lucira's at-home self-test, which provides PCR-quality results in 30 minutes, widely accessible. The test's efficacy has been confirmed in clinical trials, showcasing a 98% accuracy rate comparable to high-sensitivity tests. Lucira's technology can also detect all analyzed Omicron variant sequences, enhancing its market relevance amidst ongoing pandemic concerns.
- Distribution agreement for at least 600,000 tests in 2022, enhancing revenue potential.
- Lucira's Check-It test kit shows 98% accuracy in clinical trials, boosting product credibility.
- Ability to detect all analyzed Omicron variant sequences, ensuring ongoing relevance in testing.
- None.
- Lucira is the only EUA authorized at-home self-test kit that delivers PCR-quality accuracy and early detectability in a single-use test kit with results in 30 minutes
- Co-Defend and Co-Protect are leading providers of customized health & safety solutions, and testing & advisory services to Entertainment, Federal, State, and Local governments, Fortune 500 companies, and professional sports teams and leagues
EMERYVILLE, Calif., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Lucira Health, Inc. ("Lucira") (Nasdaq: LHDX), a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits, announced a new distribution agreement for at least 600,000 tests in 2022 with Co-Defend, Inc. and Co-Protect, LLC, leading providers of customized health, safety, and wellness solutions.
"We want to make our first-of-its-kind test as widely available as possible so people don't have to choose between rapid antigen tests that can't reliably detect infection before symptoms and lab-based PCR tests that are difficult to access and take days to deliver results," said Erik Engelson, President and Chief Executive Officer of Lucira Health. "Co-Defend and Co-Protect provides solutions to the biggest names in sports, entertainment and enterprise scaled businesses. Their extensive reach and L.A.-based distribution platform plus Lucira's innovative on-the-spot molecular test means more Americans will have access to the peace of mind of a reliable, real-time test result before attending an event, returning to work, or gathering with family and friends."
Adrian Cottman, President and Co-Founder of Co-Defend, and COO/EVP of Co-Protect, stated, "Rapid, point-of-care testing is a critical tool for infection prevention and should be included in every organization's health and safety protocols to prevent the spread of the virus. Our companies minimize business disruption and get people back to living in this 'new normal'. Lucira's superior testing technology combined with our broad distribution channels will make an immediate positive impact on public health."
Lucira Check-It COVID-19 test kit has emergency authorization by FDA under EUA.
LUCIRA™ Test Kits
The Lucira™ Check-It (OTC) and All-in-One (Rx) test kits are Nucleic-Acid Amplification Tests (referred to as NAAT). The tests fit in the palm of your hand, extract genetic material from the virus and amplify it, similar to PCR lab tests, to detect the presence of virus earlier and more accurately than antigen tests. The test uses an approach called reverse transcriptase loop-mediated isothermal amplification (RT-LAMP). It was designed and tested extensively for individuals to use independently and does not require a physician's prescription or supervised assistance. There is no additional equipment to purchase, such as a reader or instrument.
Each Lucira test kit contains everything needed to run one COVID-19 test. Users get the test device, two AA batteries, sample vial, swab, and simple instructions. The batteries are inserted into the device and the sample vial is placed in the test unit. The user then opens the test swab packet and rotates the swab five times in each nostril. The swab is then stirred in the sample vial, which is then gently pressed into the test unit to start the test. The "ready" light will blink until a "positive" or "negative" green light is illuminated within 30 minutes. In the US, Lucira also offers a free LUCI Pass™ digital verified test result back to a user's phone. LUCI Pass is accessed via text and does not require downloading an app. There is also an opt-in for public health reporting for users who wish to transmit their results to the relevant public health authorities.
In clinical trials,
In a Community Trial setting, Lucira™ Check-It results were compared with the Hologic Panther Fusion, considered a high-sensitivity molecular test due to its low Limit of Detection ("LOD"). Lucira's accuracy was
Last month, Lucira announced confirmation that its COVID-19 Check-It molecular self-test kits can detect
About Lucira Health
Lucira is a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits. Lucira's testing platform produces lab quality molecular testing in a single-use, consumer-friendly, palm-size test kit powered by two AA batteries. Lucira designed its test kits to provide accurate, reliable, and on-the-spot molecular test results anywhere and at any time. The Lucira™ Check-It COVID-19 Test Kit (OTC) and Lucira™ COVID-19 All-In-One Test Kit (Rx) are designed to provide a clinically relevant COVID-19 result within 30 minutes from sample collection. For more information, visit www.lucirahealth.com.
About Co-Defend and Co-Protect
Co-Defend and Co-Protect began in 2019, providing solutions for large scale sports events and arenas who were seeking to re-start operations during COVID-19. The Los Angeles based companies specialize in customized COVID solutions for companies, governments and sports leagues; their license portfolio features NBA, MLB, MLS and several prominent Universities. As the most innovative company in protective wellness, Co-Defend and Co-Protect solutions offer an array of COVID testing, branded personal protective equipment, and a sophisticated vaccine verification and health data management platform used by millions of consumers.
Forward Looking Statements
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "can," "plans," "will," "may," "anticipates," "expects," "potential," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Lucira's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, including our ability to increase production, streamline operations and increase product availability; the success of our test platform with COVID-19 including its variants, the extent and duration of the COVID-19 pandemic and our expectations regarding customer and user demand for our COVID-19 test kit; our ability to obtain and maintain regulatory approval for our test kits, including our existing Emergency Use Authorization for our COVID-19 test kits; the performance of, and our reliance on, third parties in connection with the commercialization of our test kits, including Jabil Inc. and our single-source suppliers; our ability to successfully continue to expand internationally; any impact on our ability to market our products; demand for our products due to deferral of procedures using our products or disruption in our supply chain; our ability to achieve or sustain profitability; our ability to gain market acceptance for our products and to accurately forecast and meet customer demand; our ability to compete successfully; our ability to enhance our product offerings; development and manufacturing problems; capacity constraints or delays in production of our products; maintenance of coverage and adequate reimbursement for procedures using our products; and product defects or failures. These and other risks and uncertainties are described more fully in the "Risk Factors" section and elsewhere in our filings with the Securities and Exchange Commission and available at www.sec.gov, including in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Any forward-looking statements that we make in this announcement speak only as of the date of this press release, and Lucira assumes no obligation to update forward-looking statements whether as a result of new information, future events or otherwise after the date of this press release, except as required under applicable law.
Investor Contact
Greg Chodaczek
Investorrelations@lucirahealth.com
347-620-7010
FAQ
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