Genetic Signatures (ASX:GSS) - CEO, Dr John Melki
CEO, Dr John Melki
Source: Genetic Signatures
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Australia’s Therapeutic Goods Administration (TGA) registers a saliva-based protocol for testing samples using Genetic Signatures’ (GSS) 3base EasyScreen detection kit
  • A recent study by scientists in South Africa demonstrated that saliva swabs could be more effective than nasal swabs in detecting the Omicron variant
  • This is due to saliva having a higher ribonucleic acid (RNA) load than nasal samples
  • Genetic Signatures ends the day 5.41 per cent in the green with shares trading at $1.76 each

Australia’s Therapeutic Goods Administration (TGA) has registered a saliva-based protocol for testing samples using Genetic Signatures’ (GSS) 3base EasyScreen detection kit.

A recent study by scientists in South Africa demonstrated that saliva swabs could be more effective than nasal swabs in detecting the Omicron variant. This is due to saliva having a higher ribonucleic acid (RNA) load than nasal samples.

The Delta variant is most effectively detected via nasal swabs.

Genetic Signatures’ EasyScreen test is based on real-time PCR tests and enables the detection of SARS-CoV-2, the virus that causes COVID-19, via two gene targets.

Last month, the company announced its detection kit could detect all known variants of COVID-19, including Omicron.

“Our team is driven to provide our customers with the highest quality tests and are constantly looking ay ways to improve our products so they remain effective in detecting pathogens,” CEO Dr John Melki said.

“We are pleased that this study and subsequent registration has been completed so quickly.

“With Omicron becoming the dominant strain of the SARS-CoV-2 virus, it is likely that this new methodology will be needed to identify all cases of this new variant.”

Genetic Signatures has ended the day 5.41 per cent in the green with shares trading at $1.76 each for a $238.2 million market cap.

GSS by the numbers
More From The Market Online
Santa stumbles no christmas this year concept Ai gen

Week 50 Wrap: Chemist Warehouse targets Feb 2025 ASX launch; no Santa Rally for Oz

The biggest news of this week as I see it is, unfortunately, depressing – the ASX200…
The Market Online Video

ASX Market Close: Oz missing out on a Santa Rally so far | 13 Dec, 2024

Welcome to HotCopper’s Market Close, and here’s to hoping you’re having a good end of the…
Bitcoin token concept

AMP becomes first super fund in Oz to invest in crypto – is it just a PR stunt?

AMP (ASX:AMP) has become the first superfund player in Australia to make a strategic investment in…
Rows of data centre processors.

Even ‘biggest IPO of the year’ fell prey to ASX investors’ seemingly unshakeable debutant indifference

Even DigiCo (ASX:DGT) and its $2.74B float – dubbed the "biggest IPO of the year" –…