After a difficult two months, Lumos Diagnostics has told the Victorian government it is pulling out of local manufacturing plans. covid19 RAT pandemic
A Melbourne biotech has axed plans to build a Victorian manufacturing plant for rapid antigen tests after the company told the state government it doesn’t have the resources to commit to the plan.
“While we continue to see great potential for establishing a diagnostics capability in Victoria, at this time, Lumos needs to focus on leveraging its existing assets rather than investing in new assets,” chief executive Doug Ward said. A Victorian government spokesperson said that it agreed to a partnership for the manufacturing hub, but the agreement was contingent on Lumos getting approval from the Therapeutic Goods Administration for its COVID self-test in Australia.“No funding was provided by the Victorian government to Lumos Diagnostics as the agreement was contingent on TGA approval.”
citing concerns it might produce false negatives when detecting viral infections, and that this could contribute to the spread of COVID-19.
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