Newsom: California signs $1.4B deal to more than double state’s COVID-19 testing capacity

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California Gov. Gavin Newsom says the state has signed a contract worth up to $1.4 billion with a company that will more than double the state’s daily coronavirus testing capacity.

Right now, California averages about 100,000 tests per day, with the state paying $100 per test and results taking between five and seven business days.

Newsom said the state’s new contract with Massachusetts-based PerkinElmer will increase the state’s testing capacity to 250,000 per day by March 1 with each test costing about $31.

Results would come within two days.

The contract will initially cost the state $100 million, with a maximum amount of $1.4 billion.

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