For his second Executive Decision segment of "Mad Money" Wednesday, host Jim Cramer spoke with Dr. Jon Cohen, executive chairman of BioReference Labs, the Covid-19 testing provider that is a part of Opko Health Inc. (OPK) .
BioReference Labs is the sole testing provider for both the NBA and NFL sports franchises. Cohen said it has performed more than 150,000 tests for the NBA, which is operating in a bubble in Florida. It also has conducted almost a half-million tests for the NFL, which is operating in multiple cities across the nation.
Cohen said while some have criticized his company for false positives, in reality it has implemented new protocols that automatically quarantine and retest borderline cases. That procedure, he said, has been working well as an extra step in keeping everyone safe.
In regard to the NFL, Cohen said it is likely moving to daily testing for everyone involved, especially given how long the incubation period is before positive results appear.
Let's check out the charts of OPK to see if anything is now incubating.