Market Overview

Why Applied DNA Sciences Stock Is Trading Higher Today

Why Applied DNA Sciences Stock Is Trading Higher Today

Applied DNA Sciences, Inc. (NASDAQ: APDN) shares are trading higher after the company announced it has received FDA emergency use authorization for its coronavirus diagnostic assay kit.

Dr. Mohan Chellani, Director of Diagnostic Regulatory Affairs at Applied DNA stated, "We believe we have developed an assay with numerous commercial advantages over other EUA approved COVID-19 detections assays. We developed the Linea™ COVID-19 assay kit for high-throughput operations where rapid high-volume testing is requisite."

Applied DNA is a provider of molecular technologies that enable supply chain security, anti-counterfeiting and anti-theft technology, product genotyping, diagnostics, and pre-clinical nucleic acid-based therapeutic drug candidates.

Applied DNA Sciences was up 64% at $14.58 per share at time of publication on Thursday. The company has a 52-week high of $27.20 and a 52-week low of $2.52.

Related Links:

Moderna Stock Pushes To New Record On Fast Track Designation For Coronavirus Vaccine

Gilead's Remdesivir Granted FDA Emergency Use To Treat COVID-19


Related Articles (APDN)

View Comments and Join the Discussion!

Posted-In: why it's movingNews FDA Movers Trading Ideas