XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience accelerator at the leading-edge of the life science industry, announced that the market launch of its 25-minute COVID-19 PCR Test COVID-ID Lab has been a success. The company unveiled the project at test centers in Berlin, and XPhyto reports the successfully optimization of operational procedures and protocols for the rapid, efficient and reliable use of COVID-ID Lab. According to the announcement, the technical and operational knowledge is a key piece of the product launch process as well as essential in securing sales. XPhyto’s proprietary COVID-ID Lab is designed to be a rapid RT-PCR test for the detection of SARS-CoV-2; that detection is based on the reverse transcriptase polymerase chain reaction (“RT-PCR”) method. Results are obtained after only a 20-minute PCR run time and do not require prior RNA extraction as part of sample preparation. “We are extremely pleased with the pilot project results,” said XPhyto COO and director Wolfgang Probst in the press release. “The practical knowledge gained, from training protocols to efficient work flows, is necessary to accelerate our growing sales channels. These results confirm the effectiveness of our rapid point-of-care care diagnostic business strategy. In parallel to the pilot project, we are developing further approaches and services with our partners to offer modular testing and hygiene solutions for larger events, such as concerts, sporting events and conferences. Driven by the shift from antigen to PCR testing by state authorities across Germany as well as other European countries, we are convinced XPhyto can provide reliable PCR test results in only 25 minutes. Given our competitive pricing, we are in a strong position to accelerate sales growth in the near term.”
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About XPhyto Therapeutics Corp.
XPhyto Therapeutics is a bioscience accelerator focused on next-generation drug delivery, diagnostic and new active pharmaceutical ingredient investment opportunities including precision transdermal and oral dissolvable drug formulations; rapid, low-cost infectious disease and oral-health screening tests; and standardization of emerging active pharmaceutical ingredients for neurological applications, including psychedelic compounds and cannabinoids. XPhyto has research and development operations in North America and Europe, with an operational focus in Germany. The company is currently focused on regulatory approval and commercialization of medical products for European markets. For more information about this company, please visit www.XPhyto.com
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