Exact Diagnostics, a Fort Worth-based biotech startup, announced it is offering U.S. labs SARS CoV-2 Standard to validate COVID-19 assay results. The launch of the SARS CoV-2 Standard provides a well-defined standard for validating tests, helping more labs keep pace with the rising demand for testing.
Exact Diagnostics will provide labs with the first 200 standards at no cost to be used for research into COVID-19. Having the standard is valuable to research labs because the SARS CoV-2 Standard and SARS CoV-2 Negative contain genomic DNA, which allows labs to validate the molecular assay process including extraction, amplification, and detection.
The Clinical Laboratory Improvement Amendments (CLIA) federal regularly standards require that clinical laboratories establish and document their performance specifications for laboratory-developed tests to ensure the accuracy and preciseness of results before the test is implemented.
The offer to aid labs in coronavirus research fits into Exact Diagnostics mission of developing and manufacturing diagnostic products that help ensure the validity and consistency of test results. Co-founded in 2015 by Richie Petronis and Jerry Boonyaratanakorkit, the company produces and sells samples of viruses that labs can use to test their own equipment. The duo wanted to provide better services and produce a better product for the quality assurance market.
The company recently announced its acquisition by California-based molecular diagnostic query control manufacturer Bio-Rad Laboratories for a reported $60 million.
It is currently located at the UNT Health Science Center in Fort Worth, but at the time of the acquisition, we told you about the team purchasing the Katy Depot building at East Vickery Boulevard and Jones in Fort Worth. The building will become the future home of the startup, along with expanding biotech companies and medical innovators. The reuse project for the former railroad freight station will be led by Exact Diagnostics and Robert Kelly Architects.
Exact Diagnostics was founded in 2016 by Richie Petronis and Jerry Boonyaratanakorkit and produces and sells samples of viruses to be used by labs testing their own equipment. The startup is a client of TechFW and won the group’s Impact Award in 2017.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
CreateHers. BuildHers. DisruptHers. Risk-TakHers. InventHers. InvestHers. Texas women trailblazing new paths are the subject of a new podcast that features innovators disrupting their industries, building movements, and creating positive social change.
-
Mayor Cites New Report at the Fort Worth State of Entrepreneurship: Startups Created Nearly 30K JobsMayor Mattie Parker, whose catchphrase is "Go Time," says she coined the term for a reason. Fort Worth is at a pinnacle of possibility, and entrepreneurship is at the center of that. The data speaks for itself, Parker said: A new jobs report from Sparkyard shows startups play a significant role in job creation in Fort Worth and Tarrant County—with average salaries more than twice the minimum wage.
-
Global Entrepreneurship Week Fort Worth kicks off November 7-12 with an opening party, a pitch competition, a State of Entrepreneurship luncheon, and lots more for founders and entrepreneurs to sink their teeth into.
-
Dallas-Fort Worth is a big draw for Gen Zers, too. This summer, CommercialCafe ranked DFW No. 4 among the 10 Best Metros for Generation Z.
-
You’ve found Dallas Innovates’ archive of news briefs from July to September 2021.
