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Thank you as ever Muck165. Fingers crossed for Loop then and specifically sales of Septiloop. Still all looking so promising!
Loop also filed for a U.K. trademark to cover Septiloop on 30/10/23, which was granted on 19/1/24.
Getting their ducks in a row..
https://trademarks.ipo.gov.uk/ipo-tmcase/page/Results/1/UK00003973303
Further on this, I note that since Friday (when I last checked), Loop have updated the project time line on their website to confirm the following achievements;
1) Clinical trial results in Q4 23
2) Clinical trial publications in Q4 23 (I haven’t been able to find these yet).
3) Technical file submitted for CE marking in Q1 24
4 UKCA mark Q1 24
They are now also signposting first U.K. sales in Q2 24, ie in the next 3 months.
To be honest, I’m surprised they haven’t yet made an announcement about UKCA. Perhaps this recent site update signals they’re about to, maybe alongside some other announcement?
Anyone wanting to compare old to new, here is a snapshot of the timeline on 25 March (best I could get)
https://web.archive.org/web/20240325163648/https://loopdx.com/
and here it is now
https://loopdx.com/
Hard to take in really. This little known company prior to 2020 , has had the capacity and know-how to assist the commercial success of other developing companies, at least 29 of them, and 3 of them are major UK retailers,Boots, Tesco and Superdrug. I think that is pretty amazing in itself. To have already made so many partnerships both in the UK and abroad, suggests ABDX possesses the necessary skills to maintain mutually beneficial business relationships hopefully for many years to come. If it continues to grow the way it has in 3 or so years, just imagine it's value in 10 years time.
Just to add, if one trick pony developers like Salignostics, Upfront, Loop etc fail to commercialise then they fail as a business. It’s a risky business where years of effort and money can go down the pan. Vatic is just one example.
So, companies want to partner with CDMO/CRO companies that can demonstrate established routes to market, high grade distribution/sales partnerships, and a history of assisting commercial success. It lowers their commercialisation risk and helps them attract their own funding.
That’s one reason why the commercial success of Salistick is important to us, as is our new relationships with Tesco, Superdrug, and Boots.
For info, I’ve said before that based on Yates LinkedIn reactions I suspect we’re working with a company called NIB Biotec, who are developing a prostate cancer screening test. This is the latest post he’s liked.
https://www.linkedin.com/posts/sergio-occhipinti-95469180_eau24-ugcPost-7181919044554342400-kBCs?utm_source=share&utm_medium=member_desktop
Only posting again about it now because I know they recently presented clinical results (although I’ve not seen them published), and they have significantly improved their site since I last looked.
I’ve little doubt at all that we’re involved with this.
https://www.nibbiotec.com/il-test-nib/
Awesome!
No shame here Lucksin!
Developing an LFT takes time and money, and the developer carries the risk of failure. We used to do it and indeed threw everything at it during Covid only to get shafted by the DHSC. That's like sticking your money all on one horse and losing.
So we re-positioned, and instead offered our services to other developers who have to fund their development and assume all the risk of failure. We get paid regardless. Its a bit like the owners paying us to train all the horses who race - we don't care which horses win, we get paid. Doing so has put the company on a much firmer footing.
But then there is a lack of competitors in our space to serve a expanding number of potential customers - so we can cherry pick the ones we want - that's like having first dibs on picking foals bred from champions.
And then we go further, because we will end up manufacturing for those customers that succeed. That's like taking a slice from the total winnings of every horse we've trained, horses which have been bred from champions for success.
And that's where we sit now. Our horses are starting to run. We have no risk if they lose, but stand to gain significantly if they win. And we potentially have a lot of horses running.
We have spread our risk by accepting lower manufacturer rather than developer margins, but mitigated that with the prospect of much higher manufacturing volume overall.
Have a great weekend all.
Thanks GM - I'm still not sure I get it but I nonetheless appreciate your reply! Have a great weekend.
Interactive Investor often offer a market best price when in Auction, so if you were determined to buy and not wait until it came out of auction, you can submit your order, but you generally pay the highest broker price. I tried it once only, and bought a share at a daily high as it turned out. Is that any help ?
Just wondering if anyone can hep me understand something.
As I understand it, only those with direct market access can place market orders during an auction. Before and during the mid morning auction today we had a 0.10 - 0.11 book, yet someone came in with a small order to buy 1,000 at 0.1105, ie above the Ask, and following the auction this 1,000 went through at 0.1105 as a UT.
I just don't get why someone would offer to buy stock during an auction at above the Ask? Can anyone explain, and whether or not any useful insights might be drawn from it?
Thanks in advance!
Where's the shame Muck165?, we reckon we are doing others a favour. At these prices, there's not much to lose at any rate!
*not a bad place at all to stick your new ISA allowance!
All IMO - DYOR and GLA!
Thinking about investing ISA money here? Well, here’s a few things to consider.
Covid thrust LFT diagnostics into the limelight, even though anyone who has done a pregnancy test knows it’s existed for decades. Now we’re through the pandemic the sheer number of LFT developers has exploded globally as they search for ways to quickly, accurately and cost effectively achieve diagnosis across a huge range of applications including human, animal, plant pathogen, and environmental testing. These developers are scientists that create biomarkers, the chemistry that attaches to a target to show a result, but they are NOT experts at putting it into a commercial LFT that can be manufactured at scale, nor do they have ready made distribution channels through which to sell.
This is where ABDX comes in, by taking great scientific LFT applications through to commercial success. And this is all against a backdrop of a move towards decentralised, personally managed healthcare which is necessary to release the strain and cost on national health systems.
For the last couple of years the BOD have had a clear plan, and they’ve stuck to and succeeded with it. Build your developer customer base, scale their projects, help them get regulatory approvals, and offer mass manufacturing and established industry and retail distribution channels. All the while it has remained at the forefront of LFT innovation, advancing much more accurate testing methodologies that combine the best of molecular (PCR) with the speed and cost effectiveness of an LFT, as well as advancing far more eco friendly, non plastic, test cassettes.
The business has gone from having just 13 ongoing projects at the beginning of last year to 29 now and of those, 50% are US based, a territory into which the company has also just planted a foothold. And we are now moving into the really interesting phase where the first of our customers developed and approved tests are commercialised and moving into mass manufacturing. More, including those already fast tracked by the NHS for widespread adoption, and targeting significant markets, are coming through the hopper.
It won’t be long at all before we are making millions of tests each month for this diverse customer base across a huge range of applications, and supplying a growing market. And we have few competitors.
And then there’s the management. Well, they own nearly a third of the company and have prudently navigated the company, and its finances, through difficult times to where we sit today. They’ve turned the tanker and now sit ready to put into full throttle.
And if you’re worried about a raise, don’t be, at least not to keep the lights on! The BOD have been crystal clear they don’t like the idea and don’t need to raise in 2024.
So, IMVHO, this is a well run, stable company that has positioned itself superbly to take advantage of an exciting paradigm shift towards rapid testing.
Not a bad place at a
.. Really can't be far away now. There have been some massive buys into other trending stocks today. Those refreshed ISA accounts will be including more ABDX shares over the next few days. Any serious investor can't ignore so much of the research below that Muck 165 and others have painstakingly cited here. If you were aware of this company, I really can't imagine any good reason for not adding it to your portfolio.
Well, its looking ok, small choppy "highs" of 11p-12p to be cleared but the big one will be a close above 13p
50% is alot on 15200£ investment so yes i am happy- i always pull put profit, so thats what i have done.
Come and join in the fun- we have interim meeting tomorrow :) so we should see a further increase after the 10am meeting. Loads of positives over at GDR incoming.
Its currently 9p, i see it at 30-40ps by july/august at the very latest
Remember to bag that profit ET, and good luck mate.
Happy days ExpertTrader, nice to see investors winning. You seem really excited on the back of your 50% so good on you ATB...
Btw i would have never gloated on here anyway, if those idiots didnt come at me last week when i posted here
If only, if only, the woodpecker....
Im a happy man and im sorry you didnt listen to me last week ;) oh well
Hahhaa im swimming in mohnnnneeeez right now mate- we back at 9p btw and i bought and reduced my shares to avg 7p so im up! Almost 50% already :D
So yes, im laughing because i can.
BTW this is all a free ride for me anyway so i was never at a loss- i only invested profit from the last time i made money on gdr ;)
Nice call experttrader! However, gloating will always come and bite you hard...anyway you are still underwater in GDR so not that much of an expert trader...
"oh well not far before we hit my 9p and get even".
If only you all listened to me a week ago when i said GDR will bag!!!
Instead I was mocked haha... i came to you as a knight in shining armour!
You wouldv made 100% on your holdings within a space of a week ;)
Just FYI ^^^ because why not :)
It really is Invwell. Spread the word!