Applied DNA Stock Jumps On New COVID-19 Testing Contract

  • Applied DNA Sciences Inc's APDN subsidiary Applied DNA Clinical Labs has been awarded a testing contract by Suffolk County Community College.
  • Also Read: Applied DNA Receives COVID-19 testing contract by the City University of New York
  • Testing is scheduled to begin in the second half of September 2021. The initial contract term is one year and includes two one-year options for renewal. 
  • The contract contains no minimum testing requirement; it stipulates a fixed monthly fee for sample collection site services and a separate fixed fee per individual COVID-19 test.
  • Under the Contract, Applied DNA will deploy safeCircle, a pooled COVID-19 testing program.
  • Price Action: APDN stock is up 3.07% at $6.05 during the premarket session on the last check Thursday.
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