Medtech firm Inventive Health has entered a merger agreement with Israeli startup Virusight Diagnostic in hopes of bringing the SpectraLIT rapid test to market in Australia and overseas.The product uses mass spectrometry, a highly sensitive technique for measuring the mass of molecules, to analyse samples and identify COVID infections in seconds.
Mr Cohen said while PCR tests would remain the “gold standard” for testing, there were opportunities for businesses offering new point-of-care options too. The TGA said last week that COVID-19 home tests were banned in Australia because a health practitioner should be overseeing them. “There is also a potential risk that some individuals could be motivated to conceal or not report a positive test, especially if they felt that their symptoms were mild and, for example, they might lose employment income,” the regulator said in a question and answer section on its website.
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