Benzinga | Feb 23, 2021 12:43PM EST

Adaptive Bio Launches T-Cell Based COVID-19 Tests

* Adaptive Biotechnologies Corp (NASDAQ: ADPT) launched a clinical T-cell-based test kit to confirm recent or prior COVID-19 infection.

* T-Detect is currently under review by the FDA for Emergency Use Authorization.

* Separately, the Company also expanded its collaboration with Laboratory Corp. of America Holdings (NYSE: LH), which includes a commercial agreement for Adaptive's clonoSEQ and immunoSEQ assays, and a lab services agreement for Adaptive's recently launched T-Detect COVID test.

* As part of the expanded pact, patients can now have blood collection for both the clonoSEQ and T-Detect COVID tests at any Lab Corp patient service centers.

* Lab Corp will also offer immunoSEQ and immunoSEQ T-MAP COVID assays using Research Use Only test kits.

* Price Action: LH is up 1.3% at $247.24, while ADPT is down 4.20% at $54.34 in market trading hours on the last check Tuesday.