Coronavirus: Indicaid’s rapid test kit production to rise fivefold as Phase Scientific goes into overdrive amid Hong Kong’s fifth Covid-19 wave

Hong Kong biotech start-up Phase Scientific International (PSI) aims to raise its production capacity for Covid-19 rapid test kits fivefold by midyear, as record infections drive huge demand for early detection.The biggest customer in the near term is the Hong Kong government, which plans to distribute test kits to the entire population. The city’s Hospital Authority made a bulk order for over one million units last summer for its workers to do weekly tests.The Kwun Tong-based start-up plans to…

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