Spartan Bioscience files for creditor protection after identifying ‘issue’ with COVID-19 test

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Spartan Bioscience files for creditor protection after identifying 'issue' with COVID-19 test

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An Ottawa-based firm that developed a fast COVID-19 testing machine says it has filed for creditor safety after discovering an undisclosed drawback with the know-how. 

Spartan Bioscience’s interim CEO Jennifer Ross-Carriere stated via a spokesperson Tuesday that the corporate has paused shipments of its COVID-19 testing dice whereas it really works to resolve the “recently-identified subject.”

“On account of this pause in cargo, Spartan is looking for safety from collectors working to restructure the corporate and refine the efficiency of the COVID-19 take a look at within the area,” stated the assertion from Ross-Carriere.

Spartan says it is shedding 60 staff, or round 70 per cent of its workforce.

“We’re extremely dedicated to our know-how, clients and companions, and can present updates as quickly as we are able to. Spartan stays dedicated to our imaginative and prescient of placing our world-leading cell DNA-testing know-how to work within the struggle towards COVID-19,” stated Ross-Carriere.

Spartan’s machine, which the corporate says is concerning the measurement of a espresso mug, has been described as a possible game-changer by well being officers, with the corporate claiming it might ship on-location leads to lower than an hour utilizing a polymerase chain response (PCR) to get outcomes.

The machine was licensed to be used by Well being Canada on Jan. 22. Spartan stated Well being Canada’s authorization stays in place whereas it really works with the federal company to resolve the difficulty.

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