XpresSpa (XSPA) Stock Soars on Health Chare Expansion

XpresSpa XSPA Stock News

XpresSpa Group Inc (NASDAQ: XSPA) is running for the top in the market this morning, and for good reason. The company announced that it is expanding its health care offerings within its XpresCheck airport testing facilities. Here’s what’s going on:

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XSPA Stock Soars on Expansion of Health Care Offering

In the press release, XpresSpa said that it is expanding its testing services at XpresCheck to reach beyond COVID-19. The company said that it will offer additional rapid testing services for other communicable diseases. In particular, the company is offering testing for influenza, mononucleosis, and group A streptococcus.

Moreover, XSPA is getting into the vadccine space as well. In fact, XpresCheck will be offering influenza vaccines for the 2020/2021 flu season as well as a quadrivalent high-dose flu vaccine that is recommended for senior patients.

On the vaccine side of the coin, XPSA explained that once the FDA approves a COVID-19 vaccine and that vaccine becomes available, it intends on administering the vaccine to airport employees and travelers in its XpresCheck facilities.

In a statement, Doug Satzman, CEO at XSPA, had the following to offer:

We will continue to be on the forefront of Travel Health and Wellness. This pandemic is prompting people to change the way they think about their health when traveling, paving the way for this new industry segment in a post COVID-19 world. People are more focused on preventative measures and staying safe when it comes to air travel. There’s a new level of awareness surrounding individual health, and wanting to ensure people are fit to travel.

XpresCheck is capitalizing on its existing infrastructure to provide essential services at airports by leveraging our resources to help in the fight against COVID-19 and by becoming the first airport coronavirus testing company. The simple administration of flu vaccinations paves the way for future COVID-19 vaccinations when they are approved and readily available in the market.

This Is Big News

The news released by XpresSpa this morning proved to be overwhelmingly positive. Recently, the company has been expanding its XpresCheck locations in airports throughout the United States, and announcements surrounding this expansion suggest that it will continue.

However, with new product offerings, XSPA now has the ability to generate stronger revenues from its XpresCheck facilities. Moreover, with the company’s plans to offer COVID-19 vaccination once a vaccine is approved will only expand its opportunities for the future. All in all, XSPA stock is one to watch closely.

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