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On December 15, 2020, the U.S. Food and Drug Administration (FDA) finally issued an emergency use authorization (EUA) for the first over-the-counter (OTC) fully at-home diagnostic test for COVID-19. The Ellume COVID-19 Home Test is a rapid, lateral flow antigen test that detects fragments of proteins on the SARS-CoV-2 virus from a nasal swab sample collected from any individual two years of age or older.
1 As voiced by FDA Commissioner Stephen M. Hahn, M.D., this is “a major milestone in diagnostic testing for COVID-19.” By authorizing this test as an OTC product, the FDA makes the Ellume COVID-19 Home Test available at places like retail drug stores, substantially expanding American consumers’ access to COVID-19 testing and reducing the burden on laboratories. For the first time, without the need for a prescription, consumers can get tested for COVID-19 from the safety of their own homes and find out their results
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Boast.ai raises $30 million from Radian Capital to “revolutionize” R&D tax credit market
Vancouver-based software startup Boast.ai has secured $30 million CAD in Series A financing from growth equity firm Radian Capital.
Boast.ai’s software platform automates the process for claiming R&D tax credits in the United States (US) and Scientific Research & Experimental Development (SR&ED) tax credits in Canada.
“Boast.ai is poised to…cement its position as the unified system of record for R&D data.”
An almost ten-year-old company, the $30 million represents the first institutional financing for Boast.ai, which bootstrapped its way to “eight-figures in revenue.” Boast.ai founders, Alex Popa and Lloyed Lobo, told BetaKit in an interview they are now looking to scale Boast.ai’s reach in order to tackle what they see as a sizable market opportunity.