Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Health advocates press Cepheid for cheaper mpox tests

by
November 15, 2024
in Stock
0
Health advocates press Cepheid for cheaper mpox tests

By Jennifer Rigby

LONDON (Reuters) – Global health advocates have written to the makers of a key mpox diagnostic test to call for its price to be cut from around $20 per test to $5, to help tackle low testing rates in poorer countries badly hit by the virus.

Medical (TASE:PMCN) diagnostics firm Cepheid’s GeneXpert mpox test is one of three approved for emergency use by the World Health Organization, but the price is prohibitive for countries like the hardest-hit Democratic Republic of Congo, activists said.

Mpox was declared a global public health emergency by the WHO this summer, when an outbreak in Congo began to spread to neighbouring countries. The virus typically causes flu-like symptoms and pus-filled lesions and can kill.

This week, WHO said cases in Africa showed a “general rising trend” although they may be levelling off in parts of Congo. But a lack of tests is hindering the capacity to confirm cases, particularly in Congo, one of the world’s poorest countries.

“We urge you to lower the price of the mpox test cartridges to $5 and prioritize supply for African countries fighting mpox outbreaks,” read the letter sent by groups including rights NGO Public Citizen and medical charity Medecins Sans Frontieres.

Cepheid’s test is particularly important because machines that process the results are available across Africa, as they are also used for tuberculosis testing.

Danaher (NYSE:DHR), the parent company of Cepheid, reduced its TB test prices to $7.97 last year after pressure from activists. The companies did not immediately respond to a request for comment.

The $5 price tag proposed by advocates is based on research showing that the tests can be produced for less than that.

Public Citizen’s access to medicines director Peter Maybarduk said the recent WHO approval was an opportunity to ramp up testing. “Lower prices would help health agencies meet the moment,” he said.

This post appeared first on investing.com
Previous Post

Taiwan stocks lower at close of trade; Taiwan Weighted down 0.63%

Next Post

Japan stocks higher at close of trade; Nikkei 225 up 0.35%

Next Post
Japan stocks higher at close of trade; Nikkei 225 up 0.35%

Japan stocks higher at close of trade; Nikkei 225 up 0.35%

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    House Republicans push Johnson to go to war with Senate over SAVE Act

    House Republicans push Johnson to go to war with Senate over SAVE Act

    March 2, 2026
    Former President Bill Clinton deposed in Epstein probe in potential first for Congress

    Former President Bill Clinton deposed in Epstein probe in potential first for Congress

    March 2, 2026
    With Step-Out Drilling Continuing, Radisson Demonstrates Meaningful Resource Growth at O’Brien with an Updated Mineral Resource Estimate

    With Step-Out Drilling Continuing, Radisson Demonstrates Meaningful Resource Growth at O’Brien with an Updated Mineral Resource Estimate

    March 2, 2026
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • House Republicans push Johnson to go to war with Senate over SAVE Act
    • Former President Bill Clinton deposed in Epstein probe in potential first for Congress
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2026 proudforprofits.com | All Rights Reserved