Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Big Al’s also made it clear that he’s not really interested in the antibody test market.
Mologic have a relationship with Avacta
Big Al keeps going on in presentations pregnancy type device for spit test
Mologic founder developed the Clear blue pregnancy test
They signed a collaboration with Avact
13 Jun 2016
Avacta and Mologic Enter Research and Product Development Collaboration Agreement
Avacta’s Affimer technology will be used to develop rapid lateral flow diagnostics for clinical applications
Development and commercialisation partnership in point of care testing
Lateral flow diagnostics market is worth $5bn annually and is growing at around 7% per annum
Wetherby and Cambridge, UK, 13 June 2016: Avacta Group plc (AIM: AVCT) (“Avacta” or “the Group”) the developer of Affimer® biotherapeutics and research reagents, and Mologic, a specialist diagnostic development company, today announced they have formed a collaborative partnership to develop diagnostic tests against multiple targets of clinical interest for point of care (POC) testing, using Avacta’s Affimer technology. As stated at the time of Avacta’s interim results, establishing commercial relationships in the POC testing market is one of the Company’s key strategic objectives.
The non-exclusive collaboration with Mologic will focus on the development of novel Affimer-based diagnostic assays and the subsequent development of new lateral flow devices (LFDs) as POC diagnostics for human healthcare. Both companies will share in the future revenues from the commercialisation of the marketed diagnostics.
POC testing is performed at the time and place of patient care (e.g. doctor’s surgery), and provides results more rapidly than if samples are sent to a laboratory. POC testing is dominated by lateral flow technology where the test result is displayed through the appearance of coloured bars on a test strip. The lateral flow diagnostics market is worth $5bn annually and is growing at around 7% per annum.
The development of Affimer-based LFDs will address many of the existing limitations of traditional antibody-based systems. Current lateral flow technology relies predominantly on antibody-based detection which can limit specificity and the detection of certain classes of target molecule. In addition, lengthy development times, combined with poor consistency and reproducibility often create manufacturing challenges. In comparison, the generation of Affimer molecules typically takes weeks rather than months, and as the process is based on tuneable, recombinant technology, Affimer reagents can be specifically engineered to a wide range of targets, in a highly consistent, reproducible and cost-effective process.
Mologic, whose senior management team has a long track record of successfully bringing rapid tests to market, is a UK-based developer of POC solutions and has been developing lateral flow technology for well over a decade.
Dr Alastair Smith, Chief Executive Officer, Avacta, commented: “I am very pleased that we have established this collaborative partnership with Mologic, who are well recognised as an innovative developer of lateral flow devices. It is important that Avacta forges co-development relationships such as this in the strategi
What does this have to do with us?
Mologic is pleased to announce that, following successful independent validation by the Liverpool School of Tropical Medicine (LSTM) and St George’s, University of London, our professional-use rapid diagnostic test for COVID-19 has been certified with a CE mark and is ready for manufacture and global distribution.
The “triple antibody” test will provide health professionals with an accurate indication of the presence of IgA, IgM and IgG COVID-19 antibodies within 10 minutes.
Rigorous independent assessment has shown the tests to have a sensitivity of up to 96% (21-28 days post symptom onset), and specificity of 98.8% (95% CI 96.6-99.8).
The test has been validated to date on 108 positive samples, 255 negative samples, and 223 cross-reacting samples in line with the WHO prequalification requirements.
As with our laboratory antibody test, we will continue to validate the rapid test against a large number of well characterised positive and negative samples. Devices are currently completing validation with the Institut Pasteur de Dakar in Senegal.
In the coming days, full performance data to date will be published, alongside a full breakdown of pricing.
To guarantee access to the technology among low income settings, Mologic has established an independent manufacturing facility that is delinked from commercial return. Global Access Diagnostics is nearing completion and will manufacture up to 40 million devices per annum with a target price of £1.
That will be the Omega Diagnostics test
BBC radio station has a interview with a Dr from Liverpool School tropical medicine who has developed with a company a saliva test for coronavirus
10 minute result CE marked and started manufacture looking at 40 million units at £1