The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I for one am still massively excited with the progress that Deepverge have made/are making with
Labskin - but the breathalyser is also super exciting! It's been thoroughly thought through and ticks
all the boxes.
I'm quite baffled by the luke warm response to it from some quarters, and have come to the conclusion
that in the UK we're so used to the NHS, that the idea of having to pay for tests in this way
is leading to incredulity that it will be mass adopted (?)
But given that it is a GLOBAL market...jeez, surely these things will fly off the shelf in the states!
Healthcare costs in the US are insane.
My cousin lives in New york and has recently been trying to find out what is covered on her
insurance for a small surgery that she needs. Apparantly the operation itself is covered...but
the cost of general anaesthetic isn't! So she will need to pay $300 to cover the anaesthetic.
For a lot of people who don't have decent healthcare insurance, they have to decide if they're
sick enough that it's worth spending the $400 to visit a GP plus medication, they have to
neglect mental health issues because therapy and thus access to medication is over $100 a
session, if they have an allergy...EPI pens are $500.
One of my cousins friends commented on fb recently that her husband needed a PET scan for cancer
diagnosis. They got approval. The oncologist filled out the application, and the insurance
granted approval. He then had the PET scan. The insurance then denied the claim "because it
was used to diagnose cancer"!
And most Americans have got similar stories...the average American spends $10,000 on healthcare
a year.
Sadly I recently read that a recent Commonwealth Fund survey found that Insurance status and the high costs of
covid-19 interventions are leaving many Americans hesitant to be tested, scared to go to the emergency room.
....do we not think sales of the Microtox BT will fly next year?!
In terms of a product profile, the 'Desired' sample type for Covid tests are to use Sputum, saliva
or other method not using invasive swab.
With 'Acceptable' sample types being Nasopharyngeal or oropharyngeal swabs, lower respiratory tract
aspirates, bronchoalveolar lavage, nasopharyngeal wash/aspirate or nasal aspirate.
(Comment: Methods not using invasive swabs are desirable due to patient discomfort, pre-analytical
errors and issues with supply chain).
As far as I've been able to find out - Deepverge are the furthest along in the development of a
Covid breath test.
And not only are we on point from a consumer choice point of view with it being a breath test that
will detect Covid, it's underpinned by the Digi Health Pass AI platform, it's been designed with
the full product life cycle in mind with regards to recycling, and it's future proofed for detecting
other viruses!