other material
confidence high
sentiment neutral
materiality 0.60
OraSure awarded DLA contract for up to 36M InteliSwab COVID-19 tests; pricing below prior federal contract
ORASURE TECHNOLOGIES INC
- Contract from US Defense Logistics Agency for InteliSwab COVID-19 Rapid Test; runs Nov 2022 to Nov 2023.
- Estimated 18M tests; maximum award 36M; guaranteed minimum 3.6M tests.
- Pricing under this contract is below previously awarded federal contract.
- Company not updating Q4 2022 guidance due to lack of order timing visibility.