May 13, 2020 / 3:44 PM / in 23 days

DiaSorin gets Canada's approval for sale of COVID-19 antibody tests

MILAN (Reuters) - Italian diagnostics group DiaSorin received on Tuesday approval from Canadian authorities to sell its COVID-19 antibody tests but will not supply its testing kits to the Italian government, Chief Executive Carlo Rosa said on Wednesday.

“The Italian government decided to go in a different direction, with Abbott(Laboratories)...we are going to provide tests to many countries but not to ours,” Rosa said in a call with analysts.

The Chief Executive added that the sale of coronavirus swab tests would increase the group’s monthly revenues by 10-12 million euros($11-13 million), up from the 5-10 million euros initially forecast by the diagnostics group.

Reporting by Giancarlo Navach, editing by Giulia Segreti

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