RTTNews | Jul 15, 2020 10:48AM EDT

10:47 Wednesday, July 15, 2020 (RTTNews.com) - Shares of Genetic Technologies Ltd. (GENE) shares surged over 50% on Wednesday morning. The molecular diagnostics company said it has filed a provisional patent for its COVID-19 Severity Risk Test with the Patent Office in Australia.

GENE is currently trading at $3.51, up $1.25 or 55.31%, on the Nasdaq.

Genetic Technologies is developing a Polygenic Risk Score test for COVID-19, which may enable an assessment of risk of an individual developing a serious disease should they contract the COVID-19 virus. The test is intended to predict 'disease severity' using a combination of genetic and clinical information.

Genetic Technology expects to make its data pack for the COVID-19 Severity Risk Test available to global labs.

Read the original article on RTTNews ( https://www.rttnews.com/3111339/stock-alert-genetic-technologies-jumps-50.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved