RTTNews | Aug 24, 2020 09:05AM EDT

09:04 Monday, August 24, 2020 (RTTNews.com) - XBiotech Inc. (XBIT) announced the FDA issued an emergency use authorization for COVID-19 Convalescent Plasma as a COVID-19 treatment, opening the door for the company's antibody screening technology used to identify Convalescent Plasma. Under Collaboration, BioBridge Global will be using XBiotech's COVID-19 antibody test to identify the convalescent blood products.

XBiotech said the Agency's preliminary findings show that the use of convalescent plasma (or blood with natural anti-COVD-19 antibodies from patients that recovered from the infection) is safe and effective in treating COVID-19.

Shares of XBiotech were up 14% in pre-market trade on Monday.

Read the original article on RTTNews ( https://www.rttnews.com/3123426/xbiotech-shares-surge-on-fda-emergency-use-authorization-of-convalescent-plasma.aspx)

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