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Precipio Soars on Launch of COVID-19 Antibody Test on Amazon

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Precipio skyrocketed Monday after the specialty diagnostics company said it had launched its COVID-19 rapid antibody test on Amazon's business platform. The 20-minute antibody test, which is made by Nirmidas Biotech in Palo Alto, Calif., was the first U.S.-based test to receive emergency use authorization by the U.S. Food and Drug Administration for point-of-care, the company said in a statement. Antibodies are the body's natural biological response to an infection or vaccination, and their development begins the body's process of building immunity to protect against future infections.