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In a recent interview with NEO.LIFE, William Morice II, M.D., Ph.D., chair of the Department of Laboratory Medicine and Pathology at Mayo Clinic and CEO and president of Mayo Clinic Laboratories, explains how the self-testing market has evolved and how it could impact the diagnostics industry.
The technology for at-home testing has been around for at least 15 years; however, complexities and challenges remain, like Federal Drug Administration (FDA) approval, economic barriers, and test accuracy. While COVID-19 has propelled home tests, Dr. Morice says drug companies have a challenging bet to make in uncertain markets.