Biosensor diagnostic technology company GBS Inc. (GBS) in New York City offers various products, including Biosensor Platform Technology, Saliva Glucose Test (SGT), and Saliva Glucose Biosensor (SGB). GBS’ shares have nosedived 89.1% in price over the past year and 80.8% over the past six months. The stock has declined 53.3% year-to-date to close the last trading session at $0.67.
The company had earlier announced plans to commence preparation for clinical trials of its rapid SARS-CoV-2 Antibody test following a clinical validation study. “We believe evidence from the validation study at the Wyss Institute supports the efficacy of our SARS-CoV-2 Antibody test, and we are now in a confident position to commence preparations for the next stage of trials,” said Interim GBS CEO and Chairman of the Board, Dr. Steven Boyages. Also, GBS, in collaboration with Life Science Biosensor Diagnostics Pty Ltd (LSBD), the licensor of the Rapid Saliva Glucose Test, applied for FDA Breakthrough Device Designation to provide LSBD with regulatory approval for its non-invasive, real-time Saliva Glucose test.
