Roche Gets Emergency FDA Approval For Covid-19 Antibody Test, Starts Shipping

Roche Gets Emergency FDA Approval For Covid-19 Antibody Test, Starts Shipping

Switzerland’s Roche Holding AG (RHHBY) announced on Sunday that its antibody test, which seeks to determine if an individual has been infected with the coronavirus, has received emergency approval by the U.S. Food and Drug Administration (FDA).   “We are now able to deliver a high-quality antibody test in high quantities, so we can support healthcare systems around the world with an important tool to better manage the COVID-19 health crisis,” said Severin Schwan, CEO of the Roche Group. ”I am in particular pleased about the high specificity and sensitivity of our test, which is crucial to support health care systems around the world with a reliable tool to better manage the COVID-19 health crisis.”The Swiss drugmaker said it has already started shipping the antibody tests to leading laboratories around the world and will ramp up production capacity to provide “high double-digit millions” of tests in May to healthcare systems in countries accepting...

Americans without bank accounts must wait for federal checks

As the coronavirus crisis took hold, Akeil Smith's employer slashed her work as a home health aide to 25 hours per week. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, Smith is among millions of others without traditional bank accounts who must wait weeks for paper checks. “I live check to check, and right now I need more groceries,” Smith, 35, told The Associated Press as she stood inside Payomatic, a small check-cashing store in a predominantly black Brooklyn neighborhood....