Business
Why the AnteoTech (ASX:ADO) share price is rocketing 28% higher
The AnteoTech Ltd (ASX: ADO) share price is rocketing higher today. This comes after the company announced a design freeze on its COVID-19 Antigen Rapid Test (ART) following successful results. At the time of writing, the Anteotech share price is up 28.21% to 10 cents.
What’s driving the AnteoTech share price?
The AnteoTech share price is having a stellar day today after the company advised it has completed the final design of its COVID-19 ART.
According to the release, the company completed its development processes for the product within time and budget constraints. While traditional methods of testing COVID-19 is done through a nasal swab, AnteoTech conducted successful testing on human saliva.
Undertaken in a laboratory, the…
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