The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes all the trolls are filtered from Thursday!
I just see a blank space!
So much nicer that the sh*te they regurgitate!
Liquid that where the filter button comes in handy. Just throw them in the bin lool
Our favourite man on the fence is back! I think he just wants to get in cheaper. Sorry mate. Not Happening.
Liquid your reading it wrong m8 I wish it did say kits then this would boom
Nice
Ignore derampers! They are desperate!
Primerdesign has already received requests for quotations for 288,000 CE-Mark tests since they were made available to pre-order on 14 February 2020. The Company has received orders for 40,000 RUO tests and requests for quotations for an additional 35,000 RUO tests prior to the launch of the COVID-19 clinical version. Demand for the tests has come from China, the US and the UK, as well as many other countries around the world. It says tests not kits
Chinese released the DNA sequence. Going to be difficult to claim novelty from an IP perpesctive when everyone started with the same data.
1 kit has 150 tests!
144k has converted to orders!
Do the maths!
Size Images
532224 genesig Real-Time PCR Detection Kit for Coronavirus (Strain 2019-nCoV), Advanced
Fluorescent
Unlimited
10-100 copies 150 $1,507 1Kit
The real value is in the process and the ip rights though. Big pharmaceutical would love to have this capability in their arsenal. Bio techs always trade at crazy pe’s and takeovers in this sector always command big premiums. Health care is expensive.
What's striking me is the velocity and speed coronavirus is spreading. If you go back through the news, the seriousness of this virus sinks home.
In the current market and environment. A 15-20 PE would be ultra conservative
Don't pharma's command P/E ratios of at least 15-20+? so we probably only need around £2-3m profit to justify based on the tests alone (not accounting for global scale growth potential and other aspects of the business)
Also pointless trying to estimate avg tests etc as demand is likely to be on a sharp trajectory upwards.....IMO it all comes down to the CFDA approval, then all bets are off
It's not 260m theres 150 test kits in the 1500. Giving a price of 10 dollars per test
Great find!
144,000 orders x 1,500 = 260m
Before CFDA, FDA etc
The problem I see for Nova is keeping up with demand. Go from worrying about not selling enough to not being able to make enough. Kit prices will go up.
Millions in the bank too. These figures were just as of first thing Thursday to before things started escalating with the outbreaks, additional distributors and publicity. Growth stocks are known to have large sometimes up to 100 PE ratios
https://www.genesig.com/products/10039-coronavirus-covid-19-ce-ivd
Just to highlight that prices have been removed for the testing kits, and they are now “please enquire”. Previously they were around £4.99 per test for 150 tests. If they have aligned UK pricing with the US then it’s about £7.60 per test now.
Based on quotations for 288k tests in the first 3 days, revenue would be about £2.2m.
For revenue to equate to the current £70m market cap, they would need to sell around 9.1m tests, at a demand of 288k/3 = 96k per day this would take 94 days.
Yeah OK so they've confirmed at least 144000 x $10 = $1.44 million - that's still awesome considering that's withoud any of the FDA approvals yet, only CE. It looks like a really great start to me.
So not too expensive let's hope the orders have quadrupled. You watch the nhs use something else..
Yeah smoking just noticed were talking dollars
10 pound a kit
Wait a minute, I'm trying to get clarity andI'm NOT trying to ramp BUT:
$1500 x 144000 = $216 000 000 !! And that's just as of last Wednesday... I mean is this math wrong, if so please explain. But if this is right then O M F G.
sj,
"Yes and they are selling as of Wednesday when the CEO was interviewed on CNN he said 50% of the 288k had allready been converted in 3 days"
The conversion rate should go well above 50% as the pressure to provide more testing facilities increases.
How much are the kits
Well your a big fat fibbing moo - you said you had filtered me - cant stand a women that fibs