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Medmira ( (TSE:MIR) ) has shared an update.
MedMira has received Health Canada approval for its Reveal® G4 Rapid HIV-1/2 Test for point-of-care use, marking a significant step in enhancing HIV detection in Canada. The test offers high sensitivity and specificity, delivering immediate results with minimal sample requirements, making it suitable for various healthcare settings, including underserved areas. This development aligns with Canada’s growing need for efficient HIV diagnostics, as recent data indicates a sharp increase in new HIV diagnoses. MedMira’s approval follows a previous approval of another rapid test, emphasizing the company’s commitment to expanding HIV screening options in the Canadian market.
More about Medmira
MedMira Inc. operates within the medical diagnostics industry, focusing on the development and provision of rapid testing solutions. The company is known for its patented Rapid Vertical Flow Technology® and aims to provide efficient, reliable, and accessible diagnostic tools, particularly for critical health conditions such as HIV.
YTD Price Performance: 18.18%
Average Trading Volume: 96,297
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$98.58M
Learn more about MIR stock on TipRanks’ Stock Analysis page.