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Covid-19 lab companies fold as rapid tests take over

More and more people checking for Covid-19 infections are choosing rapid home antigen tests over PCR tests processed in labs, making variant-driven waves harder to track and helping to spur a reduction in the testing capacity that labs had built up over the course of the pandemic.

US labs currently have the capacity to process the results of around 62 million PCR tests for Covid-19 per month, half of what they were in March, researchers from the consultancy Health Catalysts Group estimate, after declining demand and decreasing government funding. . Some laboratories and diagnostic companies have laid off employees or reassigned them to other tasks.

wsj

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