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Progenity Expands Availability of COVID-19 PCR Testing Services Across United States

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Progenity, Inc. (Nasdaq: PROG) has expanded its COVID-19 RT-PCR testing services nationwide to meet rising demand. This testing is conducted through Avero Diagnostics, leveraging existing molecular testing expertise. The RT-PCR testing utilizes the Thermo Fisher Applied Biosystems TaqPath COVID-19 Combo Kit and has received Emergency Use Authorization from the FDA. Currently, turnaround time for results is 24-48 hours, with 97% of tests reported within 24 hours. Progenity’s goal is to aid healthcare providers amidst the pandemic while also continuing its focus on innovative molecular testing products.

Positive
  • Expansion of COVID-19 RT-PCR testing nationwide enhances service capacity.
  • Utilization of FDA-authorized testing kits ensures reliability and compliance.
  • Fast turnaround time for results, with 97% reported within 24 hours.
Negative
  • None.

SAN DIEGO, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), a biotechnology company with an established track record of success in developing and commercializing molecular testing products in women’s health, today announced that it is expanding the availability of COVID-19 RT-PCR testing across the United States to support the rising demand for testing.

“Meeting the current need for COVID-19 testing requires support from every organization in a position to contribute to the national effort,” said Harry Stylli, PhD, CEO, chairman and co-founder of Progenity. “We are able to leverage our molecular testing experience initially to support our women’s health providers who need testing for patients and staff members, as well as offering our expanded COVID-19 testing services nationally.”

Progenity is now offering “gold-standard” RT-PCR testing for COVID-19 through the CLIA-certified and CAP-accredited laboratory of its affiliate, Avero Diagnostics, in all states except New York. Testing is performed using the Thermo Fisher Applied Biosystems TaqPath COVID-19 Combo Kit, under Emergency Use Authorization by the FDA. All testing is provider directed. The current turnaround time for testing is 24-48 hours, with 97% of tests performed to date reported within 24 hours of receipt. For more information, please visit www.progenity.com/COVID19.

About Progenity
Progenity, Inc. is a biotechnology company with an established track record of success in developing and commercializing molecular testing products, as well as innovating in the field of precision medicine. Progenity provides in vitro molecular tests designed to improve lives by providing actionable information that helps guide patients and physicians in making medical decisions during key life stages. The company applies a multi-omics approach, combining genomics, epigenomics, proteomics, and metabolomics to its molecular testing products and to the development of a suite of investigational ingestible devices designed to provide precise diagnostic sampling and drug delivery solutions. Progenity’s vision is to transform healthcare to become more precise and personal by improving diagnoses of disease and improving patient outcomes through localized treatment with targeted therapies. For more information on how Progenity is helping clinicians and patients prepare for life, please visit www.progenity.com.

Investor Contact:
Robert Uhl
Managing Director, Westwicke ICR
IR@progenity.com
(619) 228-5886

Media Contact:
Kate Blom-Lowery
CG Life
media@progenity.com
(619) 743-6294


FAQ

What is the recent announcement made by Progenity regarding COVID-19 testing?

Progenity has expanded its COVID-19 RT-PCR testing services across the United States to meet increasing demand.

How is Progenity's COVID-19 testing conducted?

The testing is performed through Avero Diagnostics using the Thermo Fisher Applied Biosystems TaqPath COVID-19 Combo Kit, under Emergency Use Authorization by the FDA.

What is the turnaround time for Progenity's COVID-19 test results?

The turnaround time for results is currently 24-48 hours, with 97% of tests reported within 24 hours.

Where is Progenity offering COVID-19 testing?

Progenity is offering testing in all states except New York.

What is the significance of Progenity's expansion in COVID-19 testing?

This expansion allows Progenity to support healthcare providers during the pandemic and leverage its expertise in molecular testing.

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