Cepheid (NASDAQ: CPHD) said Monday the pharmaceutical company received special Food and Drug Administration authorization to market a test that can detect swine flu in less than one hour.
The company said the FDA granted emergency use authorization to sell the Xpert Flu test, which can identify the 2009 strain of swine flu in under 60 minutes. The special authorization allows the test to be used in hospitals.
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The test has not been approved by the FDA and is only authorized to be used until April 26 under the emergency use designation.
Shares of Cepheid fell 2 cents to $12.46 in morning trading.
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