We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shhhhhhhh ..
Have a little sleep
ODX will go up tomorrow MB
GL mate
Look I really hope both companies get a test to market for all our sakes. Sorry for biting earlier but I was called out and there were plenty of uncalled for comments on here regarding another stock.
I don’t believe the chance of success here is as high as the comments suggest. I do read this board with interest I try not to comment too much but so far there have been no new developments to change my opinion. I’ll do my best to refrain from commenting until there are further developments positive (hopefully) or negative. GL
Merchant Banker
Your RNS today says that Mologic is evaluating a prototype (not manufacturing pilot batches for validation).
Furthermore if Mologic in terms of your argument (which I'll accept for the purposes of debate although I wasn't aware of such a pronouncement on their part) expect to CE mark by the end of October (in the next 3 days) how does that fit in with an announcement in 4 weeks time?
Just had a look at ODX board this Merchant banker posts on there and over here.
He reminds me of some one in Casino who lost all his money and starts chasing it back getting very angry with everyone.
Just Chill once all Uk antigen tests start rolling off the production lines all COVID test stocks will soar but not as much as AVACTA ( Holy Grail )
Merchant banker,
Floored or flawed? Big difference...
Not sure why you guys give this tw-at the time of day.... he treats the stock market like a football rivalry, ODX may full well supply a small slice of our LFT (they're used to small slices iirc) and bolster their bottom line and he'd still be screaming ODX FC
Great post @PL75 100% agree
This is avacta the company that is working with the government to secure a sovereign test that bojo will take pleasure in demonstrating in a televised address
@sleepydave - agree! And anyone listening to the presentation will have heard CK say that that CE marking comes only after tech transfer and pilot batch production
Sleepydave -
1) wrong. Mologic will CE mark the test. ODX will tech transfer and then CE mark under the Visitect brand. Same as the antibody test. Mologic CE marked it themselves and the ODX CE marked it under their own brand after tech transfer. There was a presentation on 13th Oct where Mologic stated they expected to CE mark by the end of Oct.
2) Agree
3)The difference with Avacta's tech transfer is that is tech transfer from a developer to a lead manufacturer. The lead manufacture have to produce the batches for clinical validation and the CE mark. Mologic are developer and manufacturer and can CE mark it from the batches they are already producing themselves. It then has to go through final development, into clinical validation and then CE mark. Mologic are doing all this already and it has already been used in pilot schemes.
4) Mologic will announce CE mark prior to ODX commencing tech transfer, and we are told today that it is expected end Nov and could be earlier. So Mologic news of a CE marked lateral flow test can hit the front page any day between now and the end of Nov.
PL is right, it really matters not who odx are manufacturing for, nor if or when mologics test lands.
Demand will outpace supply of Avactas LFT for a long time to come.
Hi Merchant Banker
1. Mologic will not ascribe the ce mark to their Antigen Test. ODX will.
2. ODX cannot credibly ascribe a ce mark until a pilot batch produced after the tech transfer has been validated clinically. You can't CE mark a prototype (which is where Mologic have currently got to!). You need to know you can produce in bulk.
3.AVCT's test is going thro tech transfer at the moment. There is a reasonable expectation that it may be ready in 4 weeks. We have certainly been told to expect it this quarter.
4.So the announcement that will be huge news for the UK within 4 weeks referred to by CK is not as you will possibly appreciate likely to be Mologic saying that they have decided that their prototypes are ready for tech transfer as a prelude to being validated and ce marked.
40 million a year ? Wow AS has visions of that every 10 days
DOH - Mologic have their own manufacturing facility capable of producing 40m per year. They also have a $20m grant from Gates. They do not need to commence tech transfer to themselves. As soon as they CE mark it they can get the production line up and running. Yes it will take 1 month for ODX to transfer the tech. They completed the tech transfer of YUK RTC and Mologic antibody tests in 1 month. They have a proven track record. Lets say for a second it was Avacta's test if they had a test, wouldn't it still take the same time anyway so the argument is floored.
Wyndrum, I get the frustration and indeed we all are and apologies if I came across wrong , concrete we were never going to get
Maybe an indication or hint would be good though I agree
Vegas, I don't know but this cat & mouse is starting to drive me nuts! But that's my problem. I just don't quite see the point of these presentations if you don't learn anything from them. if its all inuendo then there is obviously a reasonable expectation that (some) people will misinterpret the "message". Oh well, carry on being patient and ignore any further presentations I guess.
Wrong board. I don’t care about ODX. At all. Even if they were producing Awacta LFDs. Even if they expanded to produce double the handful they’re capable of. Even if they produce a tiny amount of their own test for Bill Gates to give away or even if they expand and flog them all, demand is such that it’s completely and utterly irrelevant to the fortunes of the company I’m invested in. I simply do not care.
Wyndrum did you expect concrete news?
You know that needs to be in an RNS
You can’t get CE mark until after TT
After all that, would I be right in thinking we have still not got any more concrete news on our product?
Was it acty? How interesting
Not saying its a cert, there is a decent chance but if it was RNS'd MW still wouldn't believe it till he went to physically see it churning out of the Alva production line.
Ok merchantbanker go away and be rich
Cheerio
Very interesting views on lateral antigen test from ODX CEO and look across to Avacta. Interesting point about self use at home.
Why wasn't it specified as Mologic in this morning's RNS from ODX?
Mologic have their own manufacturing facility. They expected to CE mark it by the end of Oct. TT by ODX is not the limiting factor, it is CE mark by Mologic.