FDA Authorizes 1st OTC Covid-19 Test

The test is performed using a mid-turbinate nasal swab designed for comfortable self-sampling.  The sample is inserted into a single-use cartridge that returns results in 15 minutes. The at-home test analyzer connects to the user’s smartphone through Bluetooth and pairs with a downloadable app that provides step-by-step instructions and displays results.

Users can share real-time results from the test, selling for approximately $30, with healthcare professionals, employers, and schools for efficient COVID-19 tracking. Ellume plans to scale-up manufacturing to deliver millions of home tests per month in 2021.

NIH-funded COVID-19 home test is first to receive over-the-counter authorization from FDA – https://www.nih.gov/news-events/news-releases/nih-funded-covid-19-home-test-first-receive-over-counter-authorization-fda

I wonder if this test works without a smartphone? I wonder if the app can share real- time results with local government agencies that are tracking test numbers? I wonder if low income people can take advantage of this test due to cost considerations? I wonder if applicants for life or health insurance will use this test, get results then apply for insurance thus creating another channel for anti-selection?

I wonder a lot nowadays but I truly don’t wonder about my last point. Of course people will self-test before applying for insurance. My local CVS has shelves full of at home tests that people are using now for lots of other things like nicotine, non-prescription drugs, etc.

Retirement can’t come soon enough for this old warrior.

3 thoughts on “FDA Authorizes 1st OTC Covid-19 Test

    • Insurance speak also known as adverse selection. Adverse selection refers generally to a situation in which sellers have information that buyers do not have, or vice versa, about some aspect of product quality—in other words, it is a case where asymmetric information is exploited. Asymmetric information, also called information failure, happens when one party to a transaction has greater material knowledge than the other party.

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