Sunday, July 27, 2025

Datametrex Acquires Rights To Sell COVID-19 Home Test Kit

Datametrex AI (TSXV: DM) this morning had significant news in that it has secured the rights to sell a home test kit, known as RapiGEN Inc, for that of COVID-19. The test kits are FDA registered and are suitable for “point of care testing”, providing results within five to ten minutes of administering the test.

Datametrex AI's Logo

Datametrex has obtained the rights to sell the home test kits on a non-exclusive basis, with the primary goal of selling to current clients for their operations out of Canada. Further, Datametrex intends to apply to Health Canada for approval of the testing kit with an interim order.

The tests work by searching for the qualitative detection of what is referred to IgG antibodies of COVID-19 in blood, serum or plasma specimens, with the method being referred to as a “lateral flow immunochromatographic assay. A sample of the hone test kit can be viewed in the video below.

The company is currently exploring opportunities for the distribution of the home test kits with numerous agencies, including the Michican Economic Development Corporation and the Governor’s office of Business and Economic Development in California. Both organizations are looking to expand testing within their respective states, with the latter focused on retail, film and healthcare opportunities. Widespread testing has currently been limited due to intense demand.

As always, the availability of inventory at the time of order may limit Datametrex’s ability to fulfill any purchase order for the COVID-19 test kits, given the volatility in current supply chains. The company expects little or no upfront costs associated with the selling of the kits.

Datametrex AI last traded at $0.12 on the TSX Venture.


FULL DISCLOSURE: DataMetrex AI Limited is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DataMetrex AI Limited on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Steadright Begins Preliminary Economic Assessment On TitanBeach Project

Three Miners Trapped Underground At Newmont’s Red Chris Mine

Related News

Datametrex Secures Rights To Sell And Distribute Rapid COVID-19 Antigen Test Kits

Datametrex AI (TSXV: DM) this morning announced that it has secured the rights to sell...

Wednesday, August 12, 2020, 09:27:09 AM

Increase in Rail Shipments Suggests Canadian Economy Beginning to Rebound

Much of Canada’s economy came to a stand-still as the coronavirus pandemic brought about lockdowns,...

Wednesday, June 3, 2020, 04:45:47 PM

Oil Prices Plunge to 5-Month Low as New Lockdown Restrictions Crush Demand

As coronavirus cases rise rapidly around the globe, fears of the second, much more severe...

Thursday, October 29, 2020, 01:09:00 PM

Canada’s Cautious Reopening Causes Economic Recovery to Fall Behind Compared to US Counterpart

As coronavirus restrictions are slowly being lifted across the country, the resulting economic damage is...

Friday, June 12, 2020, 05:49:00 PM

Bank of Canada Governor Suggests Economy Has a Long Way To Go Before Reaching Pre-Pandemic Levels

The coronavirus pandemic has left the Canadian economy battered and damaged, and in such a...

Saturday, June 27, 2020, 10:33:00 AM