By the way, as a company, we really don't have much to gain from this test. If it does not get adopted, we'll go back to building our core business which has been growing 100% quarter over quarter. We have poured resources into the current development, because it is the right thing to do. No investor in our Series B round will take into account any non-recurring sell-almost-at-cost revenues that we get from a once-in-a-century pandemic.

If only 1% are infected, and the false positive rate is 1%, it's quite hard to determine what the test result actually means. On the other hand, some places like New York City are already at 0.7% per-capita known positives, and they're not even able to test everyone with symptoms. Their true infection rate could very well be 10%, which serological testing could confirm.

It takes about a month before an antibody test is accurate in someone who has had a virus, so using them now would only detect cases where the person had the virus in early March. That limits the value of serological testing considerably.