Worsening Pandemic Fueling Need for Better Testing

July 26, 2021, By smallcapfirm,

While millions have been vaccinated for the virus, outbreaks continue.  In fact, just this week, USA Today reported that, “In some states the increases were startling. New cases in Rhode Island almost tripled week over week, a USA TODAY analysis of Johns Hopkins data shows. Maine and Vermont’s hikes were almost as large. New cases in Massachusetts, Alaska and Kentucky more than doubled their case counts in one week.” Worse, according to the World Health Organization, the uptick in cases can be attributed to low vaccination rates, lax mask rules, and the spread of the delta variant, which has now been found in 111 countries.

All of this might emphasize the ongoing need for SaaS companies involved in case management and contact tracing like Facedrive Inc. (TSXV:FD)(OTC:FDVRF) and Contakt World Technologies (CSE:HELP)(OTC:TLOOF)(FWB:B2I), which co-produced the award-winning podcast “Contakt World: Truth in Health” with iHeartMedia (Nasdaq: IHRM) and featured an exclusive interview with health equity leader Dr. Kyu Rhee, SVP of CVS Health (NYSE:CVS) to wrap their first season.

Recently recognized by Fast Company as a “World Changing Idea” with honorable mention in software and Covid-19 categories, Contakt World Technologies (CSE:HELP) (OTC:TLOOF) (FWB:B2I) built a solution for health agencies and providers in the mold of Salesforce.com Inc. (NYSE:CRM) for disease case management and community engagement.

In addition, according to The Guardian, “The average number of new cases per day has tripled in the past 30 days in the United States, according to an analysis of Reuters data. In the month from June 18 to Sunday, it climbed from 12,004 to 32,136.  And the average number of people hospitalized has gone up 21% over the past 30 days to over 19,000, up from 16,000. Deaths, which can lag weeks behind a rise in cases, rose 25% last week from the previous seven days with an average of 250 people dying a day.”

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