March 12, 2020 / 5:11 AM / 17 days ago

Japan's Kurabo to sell 15-minute coronavirus test kit, shares soar

TOKYO, March 12 (Reuters) - Japan’s Kurabo Industries Ltd said on Thursday it would start selling a coronavirus test kit that would give results in 15 minutes, sending its shares 23% higher to a daily-limit high.

Kurabo, a maker of textiles and chemicals, said in a statement it would import the kit from a Chinese partner and begin selling it from March 16.

Kurabo’s shares jumped by 400 yen, or the maximum allowed for the day, to 2,173 yen. (Reporting by Chang-Ran Kim; Editing by Kim Coghill)

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