FinancialBuzz.com’s latest Behind the Buzz Show: Featuring Our Corporate Overview on Codebase Ventures Inc.
Codebase Ventures Inc. (OTCQB: BKLLF) (CSE: CODE) is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. The company operates from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. Codebase seeks out and empowers the innovators who are building tomorrow’s standards with platforms, protocols and innovations – not just products. We invest early, support those founders, take their ideas to market and work tirelessly to help them realize their vision.
The global pandemic continues to affect day to day life, causing unprecedented public health and socioeconomic impacts and disproportionately affecting the vulnerable. Many communities around the world have already experienced a lack of access to routine, essential health services and financial struggles. The virus spreads fast, and according to the World Health Organization (WHO), is ten times deadlier than the 2009 flu pandemic. In addition, data shows that in some countries, cases are doubling every 3 to 4 days. This means that control measures such as social distancing, early case-finding, testing and isolating care for every case and tracing every contact must be lifted slowly, and with control. The WHO also indicates that control measures can only be lifted if the right public health measures are in place, including a significant capacity for contact tracing. In the meantime, various companies from a vast field of industries, including biotechs, medical device manufacturers, tech conglomerates and others have all made various announcements of products or services related to the pandemic.
While biotechs reported work on vaccines or possible treatments and medical device companies reported progress on patient monitoring, many others were working on improving testing options. Recently, Rutgers University researchers have received U.S. government clearance for the first saliva test to help diagnose the virus, which is a new approach that could help expand testing options and reduce the risks of infection for healthcare workers. According to a report by the Associated Press, Andrew Brooks, who directs the Rutgers lab that developed the test, explained that the test “prevents health care professionals from having to actually be in the face of somebody that is symptomatic.” The Rutgers lab can currently process 10,000 patient samples per day, according to Brooks. It is important to note that in the authorization letter to Rutgers, the FDA specified that the test should only be performed “in a health care setting under the supervision of a trained health care provider.” As of right now, the FDA did not approve any tests for use at home, yet several companies have reported that such tests are being developed.
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