S’pore firm shares jump as virus test kit approved for EU sale


Packages of the Ichroma Covid-19 Ab testing kit move along a conveyor belt at the Boditech Med Inc. headquarters in Chuncheon, South Korea, on Friday, April. 3, 2020.

SINGAPORE: Shares of Biolidics Ltd jumped as the Singapore-based medical device manufacturer said its rapid test kits for Covid-19 were approved for sale in the European Union.

The stock rose as much as 12% in early trading after the firm announced yesterday that it received confirmation for CE marking on Friday. CE marking is a notification process to authorities which enables companies to market and sell products in the EU.

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