COVID-19 Testing Provider Curative Acquires KorvaLabs
LOS ANGELES, May 19, 2020 (GLOBE NEWSWIRE) — COVID-19 testing startup Curative Inc. announced today that it has completed the acquisition of KorvaLabs, Inc., a CLIA certified and DEA licensed analytical laboratory based in San Dimas, California. The acquisition arrives just months after the two organizations first partnered to begin manufacturing and processing Curative’s oral fluid-based COVID-19 test. To date, the company has processed 245,371 tests in total with support from KorvaLabs, and continues to process approximately 14,000 on a daily basis.
“KorvaLabs has been instrumental in enabling us to quickly scale our testing capacity and deliver accurate, easy-to-use oral fluid tests to thousands of people across the City and County of Los Angeles,” said Fred Turner, CEO and founder of Curative. “Curative has worked in close partnership with KorvaLabs for months now, so our decision to move forward with the acquisition just serves to formalize that relationship. Since day one, our mission has been to produce, distribute, and process as many tests as possible. KorvaLabs is and will continue to be an essential part of that effort.”Curative and KorvaLabs began their partnership in March of this year, joining forces to convert the KorvaLabs facilities into a dedicated space for both producing and processing Curative’s novel, oral fluid-based COVID-19 test. Together, the two organizations have delivered thousands of test kits on behalf of the City of Los Angeles, and secured an FDA Emergency Use Authorization (EUA) for in mid-April.Clinical studies have demonstrated that Curative’s accurate, easy-to-use and rapidly scalable oral fluid test is at least as sensitive as the more common nasopharyngeal (NP) swab tests utilized for COVID-19 diagnosis. However, the Curative testing method offers a number of important advantages over NP swab tests that make it both safer to administer and easier to use.Unlike NP swab tests, the Curative test does not create an exposure risk for healthcare workers during sample collection, and requires far less Personal Protective Equipment (PPE), meaning that it can be used safely and effectively by other front-line workers. Curative tests are also manufactured using a supply chain that is orthogonal from the supply chain that produces NP swab tests. As a result, Curative’s tests can be scaled rapidly without placing further stress on an already strained diagnostics supply chain.About Curative
Curative Inc. was founded to develop tests for sepsis in January 2020 and pivoted to COVID-19 in early March 2020 upon realizing the urgent need for test development and production in the United States. Curative is currently operational within a CLIA-certified lab in Los Angeles, CA. Founded by Fred Turner and comprised of a team of doctors, scientists, engineers, and health industry experts, Curative is rapidly scaling its simple-to-use oral fluid COVID-19 tests to reach the groups most in need of testing. For more details on Curative, please visit www.curativeinc.com.About KorvaLabs, Inc.
KorvaLabs is an accredited, CLIA-certified mass spectrometry laboratory specializing in clinical, sports anti-doping, analytical, and research services. With facilities based in San Dimas, CA, the organization boasts more than 25 years of experience in biochemical analytics and clinical diagnostics. In addition to its CLIA certification, KorvaLabs has also been inspected and fully licensed by the California Department of Public Health and the Drug Enforcement Agency (DEA). KorvaLabs has built a reputation for its reliable and accurate test results, and has worked with several high-profile organizations in the realms of sports, healthcare, and research. Some of these have included University of California Irvine, World Athletics (formerly IAAF), Cal State LA, and Keck Graduate Institute. In 2020, KorvaLabs partnered with, and was later acquired by, Curative, Inc., becoming a dedicated provider of Curative’s oral fluid COVID-19 testing solution.Media Contact
The Bulleit Group for Curative
(415) 237-3681
curative@bulleitgroup.com
“KorvaLabs has been instrumental in enabling us to quickly scale our testing capacity and deliver accurate, easy-to-use oral fluid tests to thousands of people across the City and County of Los Angeles,” said Fred Turner, CEO and founder of Curative. “Curative has worked in close partnership with KorvaLabs for months now, so our decision to move forward with the acquisition just serves to formalize that relationship. Since day one, our mission has been to produce, distribute, and process as many tests as possible. KorvaLabs is and will continue to be an essential part of that effort.”Curative and KorvaLabs began their partnership in March of this year, joining forces to convert the KorvaLabs facilities into a dedicated space for both producing and processing Curative’s novel, oral fluid-based COVID-19 test. Together, the two organizations have delivered thousands of test kits on behalf of the City of Los Angeles, and secured an FDA Emergency Use Authorization (EUA) for in mid-April.Clinical studies have demonstrated that Curative’s accurate, easy-to-use and rapidly scalable oral fluid test is at least as sensitive as the more common nasopharyngeal (NP) swab tests utilized for COVID-19 diagnosis. However, the Curative testing method offers a number of important advantages over NP swab tests that make it both safer to administer and easier to use.Unlike NP swab tests, the Curative test does not create an exposure risk for healthcare workers during sample collection, and requires far less Personal Protective Equipment (PPE), meaning that it can be used safely and effectively by other front-line workers. Curative tests are also manufactured using a supply chain that is orthogonal from the supply chain that produces NP swab tests. As a result, Curative’s tests can be scaled rapidly without placing further stress on an already strained diagnostics supply chain.About Curative
Curative Inc. was founded to develop tests for sepsis in January 2020 and pivoted to COVID-19 in early March 2020 upon realizing the urgent need for test development and production in the United States. Curative is currently operational within a CLIA-certified lab in Los Angeles, CA. Founded by Fred Turner and comprised of a team of doctors, scientists, engineers, and health industry experts, Curative is rapidly scaling its simple-to-use oral fluid COVID-19 tests to reach the groups most in need of testing. For more details on Curative, please visit www.curativeinc.com.About KorvaLabs, Inc.
KorvaLabs is an accredited, CLIA-certified mass spectrometry laboratory specializing in clinical, sports anti-doping, analytical, and research services. With facilities based in San Dimas, CA, the organization boasts more than 25 years of experience in biochemical analytics and clinical diagnostics. In addition to its CLIA certification, KorvaLabs has also been inspected and fully licensed by the California Department of Public Health and the Drug Enforcement Agency (DEA). KorvaLabs has built a reputation for its reliable and accurate test results, and has worked with several high-profile organizations in the realms of sports, healthcare, and research. Some of these have included University of California Irvine, World Athletics (formerly IAAF), Cal State LA, and Keck Graduate Institute. In 2020, KorvaLabs partnered with, and was later acquired by, Curative, Inc., becoming a dedicated provider of Curative’s oral fluid COVID-19 testing solution.Media Contact
The Bulleit Group for Curative
(415) 237-3681
curative@bulleitgroup.com
