XPhyto supplies 10 test centers in Berlin with its 25-minute COVID-19 PCR tests

XPhyto Therapeutics Corp (CSE:XPHY) (OTCMKTS:XPHYF) (FRA:4XT) revealed that it has signed a master supply agreement with Beovita GmbH & Company KG and Tackleberries GmbH, two German diagnostics, testing, and medical logistics companies that run ten coronavirus (COVID-19) test centers in Berlin, Germany. The Vancouver-based bioscience accelerator noted that there is a “strong demand for reliable and rapid testing” to monitor the changing dynamics of the pandemic throughout the summer and the high travel season. "This is a major commercial milestone for XPhyto. The successful launch of our first diagnostic product, Covid-ID Lab, represents significant validation of our rapid point-of-care care diagnostic business strategy," XPhyto CEO Hugh Rogers said in a statement. READ: XPhyto Therapeutics says it is rapidly advancing its mescaline program for psychedelic therapies "Our portable Covid-ID Lab is designed to be one of the fastest PCR systems in the world, while our platform is economic at low to mid-range sample volumes. We anticipate strong and sustainable demand for our rapid and versatile PCR system and look forward to further expanding our reach," he added. The delivery of around 1,000 Covid-ID Lab tests to test centers in Berlin will begin this week and will kick off a short trial period to integrate and evaluate XPhyto's new PCR test system, the company said. Covid-ID Lab sample processing will occur directly at the sample collection site. “This represents a significant shift from conventional PCR testing models whereby samples are collected and then shipped to large centralized and automated labs for processing,” noted the company. XPhyto's decentralized testing model is expected to yield faster results, more versatile test center options, and cost-effectiveness at lower testing volumes. "For many countries, only PCR tests are accepted to travel there. Especially in the metropolitan areas and around transportation hubs like train stations and airports, we see great potential for rapid PCR tests, which can be performed on the way and the results are then already available digitally upon arrival at the train station or airport,” said Beovita GmbH & Company KG CEO Dr Ismail Özkanli. “This will eliminate many time delays and organizational difficulties that not only business travelers but also tourists currently have to deal with," he aded. Covid-ID Lab is a rapid RT-PCR test for the detection of SARS-CoV-2 based on the reverse transcriptase-polymerase chain reaction (RT-PCR) method. To perform the test, Covid-ID Lab requires only a 20-minute PCR run time without prior RNA extraction as part of sample preparation. After the RT-PCR, the SARS-CoV-2 virus is detected on a test chip within 5 minutes and if SARS-CoV-2 is present, the result can be read visually immediately. "Rapid, reliable and decentralized PCR tests are exactly what the market needs right now; precisely because incidence rates are falling and therefore sample numbers are decreasing. Large centralized laboratories will no longer operate profitably due to their high-throughput testing equipment or alternatively, they will have to wait for sufficient sample numbers, therefore delaying results," said Michael Kretzer, CEO of Max Pharma, which is XPhyto's distribution partner. “We see a specialized and sustainable opportunity for the Covid-ID Lab and anticipate a steep order volume uptake in the near future," Kretzer added. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive