Antonio Eduardo Arce's questions to Co-Diagnostics Inc (CODX) leadership • Q1 2025
Question
Antonio Eduardo Arce of H.C. Wainwright & Co. inquired about the regulatory timeline for the Co-Dx PCR COVID-19 test resubmission, the clinical trial schedules for the TB and HPV tests in India and South Africa, and the anticipated pricing and gross margins for the new platform's instrument and test cups.
Answer
CEO Dwight Egan stated that the redesigned COVID-19 test is prepared for clinical evaluations, with the start date contingent on disease prevalence. He confirmed that clinical trials for the TB, HPV, and multiplex respiratory panels are all slated to commence in the second half of 2025, noting that ample sample availability for TB and HPV in India could potentially expedite those specific timelines. Egan projected a $300-$500 price for the instrument and $15-$20 per test in developed nations. CFO Brian Brown added that margins on the device and tests are expected to align with historical margins on previously sold equipment and lab-based tests, respectively.