Virax Biolabs Group Limited Ordinary Shares - VRAX STOCK NEWS

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Virax Biolabs Group Limited (NASDAQ: VRAX) is a pioneering biotechnology company dedicated to the prevention, detection, diagnosis, and risk management of viral diseases. Established in 2013, the company is at the forefront of innovative diagnostics, particularly with its proprietary T-Cell Test technology. This technology aims to provide an immunology profiling platform that assesses individual immune risk profiles against global viral threats.

Specializing in the diagnosis and monitoring of immune responses, Virax Biolabs is developing a groundbreaking T-Cell Test that is particularly effective in diagnosing and providing therapeutic insights for COVID-19, Hepatitis B, Malaria, Herpes, and Human Papillomavirus, among others. The company also distributes a variety of in-vitro diagnostic test kits, enhancing its role in combating various viral threats.

Virax's recent achievements reflect its commitment to advancing healthcare solutions. The company has launched two state-of-the-art research and laboratory facilities in the United Kingdom, located within Scale Space at Imperial College London and BioCity Glasgow. These laboratories are crucial for the initial launch and development of ViraxImmune™, a platform aimed at providing accurate and personalized healthcare solutions.

Moreover, Virax has announced an early access program for its proprietary SARS-Cov-2 ViraxImmune T-cell-based test, aimed at advancing immune assessment. This test is designed to analyze immune responses at the cellular level, providing high-resolution insights that are vital for understanding individual immune profiles.

The company is also focused on addressing post-viral syndromes, including Long COVID, and conditions associated with chronic inflammation and T-Cell exhaustion. Virax is leveraging FluoroSpot technology to detect multiple analytes simultaneously, offering a comprehensive view of immune responses and aiding in the diagnosis and management of chronic conditions.

Financially, Virax Biolabs remains robust, recently securing significant funding and maintaining a healthy cash balance. The company has also received approval for a 180-day extension to meet the minimum bid price requirement by Nasdaq, which underscores its commitment to maintaining its listing and investor trust.

In collaboration with notable research institutions like the University of Manchester, Virax is advancing its T-Cell diagnostic capabilities. These collaborations aim to broaden the understanding of immune responses, particularly in respiratory viral infections and Long COVID, further cementing Virax's role as a leader in immune health diagnostics.