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Hologic spending more than $50M to expand COVID-19 test production

By Chris Newmarker | August 10, 2020

HologicHologic (NSDQ:HOLX) is spending $50 million — including $14 million during its most recent quarter — to boost its production of COVID-19 tests.

The U.S. government is providing $7.6 million to support the effort.

Hologic’s business partner Stratec is also doubling the production of the Panther instruments that run Hologic assays.

Get the full story on our sister site MassDevice. 

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