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Well-known technology contest organizer XPRIZE named five winning teams in its $6 million Rapid COVID Testing competition on Tuesday and three of them are from San Diego County. ChromaCode and Reliable-LFC, both of Carlsbad, joined the La Jolla Institute for Immunology as local winners in the challenge, which aimed to spark development of “radically affordable,” accurate COVID testing platforms with turnaround times of no more than 12 hours from sample to result. Each winner is guaranteed $500,000. They will receive an additional $500,000 over the next few months if they hit milestones for mass-producing their COVID-19 tests. Moreover, a $50 million venture capital fund called the COVID Apollo Project has pledged to work with XPRIZE Foundation and others to bring testing innovations to market. The fund includes seasoned life sciences investors such as RA Capital and Bain Capital. ....
Fast, affordable Covid antigen test kit with high accuracy a winner in the $6M XPRIZE Rapid Covid Testing competition Reliable-LFC™ s SARS-CoV-2 V-CHEK™ real-time antigen test uses wireless contact tracing with results in minutes, not days News provided by Share this article
will receive a one-million-dollar award to assist in commercializing and distributing its affordable, high-performance, easy-to-use, rapid, point-of-need nasal coronavirus antigen test. Reliable-LFC is one of five winners from a pool of more than 700 submissions in 38 countries to receive this funding. A year into the pandemic there is still a profound need for more diagnostic testing. We meet criteria for a highly accurate, affordable and fast test that links to contact tracing. By getting people tested frequently and rapidly, we can extinguish this virus with all lines of defense, noted Bill Pagels, Ph.D., biochemist and cofounder of Reliable-LFC (lateral flow chromatogra ....