RTTNews | Apr 7, 2021 10:48AM EDT

10:47 Wednesday, April 7, 2021 (RTTNews.com) - Shares of Astrotech Corp. (ASTC) are gaining nearly 10% on Wednesday after the micro-cap company's subsidiary and Cleveland Clinic ink a deal for to develop a rapid COVID-19 breath test.

ASTC is currently trading at $2.3899, down $0.2099 or 9.6284%, on the Nasdaq.

Astrotech said its subsidiary BreathTech Corp. has inked a deal with the Cleveland Clinic Foundation. Under the deal, BreathTech's BreathTest-1000 will be used to compare exhaled breath from individuals who have tested positive on a COVID-19 polymerase chain reaction test with that from subjects who have had a negative COVID-19 PCR test.

The goal of the pilot study will be to analyze different volatile organic compounds from the breath to evaluate the correlation with different disease states.

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