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Hulla the only reason why I thought Pfizer was because the global lead for new products at Pfizer liked a comment and our kits. I know silly but he is based down the road from them too. Have also seen scientists at PHE liking the primer design to.
Just another quick one saw this on website of ours, I believe it was added and think it is pretty obvious it is the coronoa virus kit they are talking about.
“We tested the Primerdesign kit with both nasal and throat sample and both worked right away. In comparison with the National “gold standard” kit based on the Centre for Disease Control (CDC) primers the Primerdesign kit has significantly outperformed the kit."
Dr J.G. Kustentral Laboratoers, Cry for Bacteriology, The Netherlands
...and one more death in France, just north of Paris.
unfortunately two more cases in uk today.italy got 80 more people infected today!!!
Yes ‘we know’ but market needs factual news now...and frankly speaking it’s about time!
I’m totally with you gggg but me thinks it has to be Roche.
French news talking NCYT:
https://twitter.com/andyturley77/status/1233003870873358337?s=12
We know they have applied for Fda and Cfda approval
We know there is demand for the product
We know they are converting more orders to sales we just don't know how many.
We know they are in discussions with multiple parties
We know they are in discussions with 5 countries.
We know they work with the Nhs, Who, Roche and Gsk
We know they have a large distribution base worldwide.
And we know they are advertising for production staff
Just be patient.
Twitter post via cnn stating a new test is shipping with fda as of tomorrow? Fingers crossed
We are in a fantastic company here, this corona virus is not going away I have sold all stocks bar this one and my fave oiler that is just far too cheap and in at such a low.
I have done some further background reading on novacyt. Below are some little highlights
They are growing year on year - did £12m revenue last year (Will be so much higher this year and the next and next as viruses can more common)
Margins are getting better year on year
Cash in bank
Money before orders
Internationally recognised - Used worldwide by all majors
59 Distributors (was only 6 before the breakout would you believe)
And from their results (you can be sure the tests are being used globally)
Primerdesign completed a substantial q16 molecular instrument order, expanding the Group’s clinical diagnostic reach in the fast-growing Chinese market • New molecular CE Mark genesig® BKV Kit and genesig® EBV Kit assays were developed expanding the Group’s clinical diagnostic menu • Exclusive supply agreement signed by Primerdesign with US-based full-service diagnostic laboratory Genesis Diagnostics worth a minimum $3.0m over five years • Recently completed the rapid development of an African Swine Flu assay to help address the current swine flu food supply-chain limitations in China, Vietnam and certain European countries
My hunch imo - JV and I have a name in mind. There is no stopping this virus at the moment so surely it would make all the business sense in the world if you were say a Pfizer and already had a working relationship to approach the first CE and most reliable test provider (who is a minnow in terms of pharmas) and say hey why don't we help you, we will push/manufacture and take X. This would be far cheaper and quicker to get ahead of your rivals than the opportunity cost of doing nothing and loads of R&D.
Remember we are only 70m mcap currently it is not like we are multiple 100m
There is 1 billion of potential customers just in Europe alone at £5 per test=LOTS
I’m still holding the 1 k at 1.78 a share as adviced on here 1st time buyer hopefully not 1st time loser
Pilgrim, that is good advice, i sold up when I realised the fda were never going to give a commercial advantage to a french company , and with the absence of any firm data the whole thing is too speculative for me. Should we get some new and compelling data I will return. GLA>
Who’s said make stuff up. World wide news never seen before and we can’t say anything.
have you got your nickers on the wrong way round ?
You do realise they are bound by the Nomads rules they can't just make stuff up.
Sell up Tina..you're the typical nervous nellie PI that needs constant spoon feeding...
Tinatots if you are worried just sell and move onto something else.
shareholders want to be spoonfed Daily I am sure they will update when they have something to say.
They are probably busy earning you money
Traders don’t want news. They want it to go up and down in a range like it has been.
issued
they issues an RNS 10 days ago, plus various interviews. that obviously isn't enough for some peoples trading agenda
What a silence from the BOD .....Was that money warrants enough ????...