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more than 80 countries
talking to a NHS member last night member last night who has been off feeling who feels needs to gety back to work to help out at this time , unable to return as unable to get a test to see if has covid 19 so can not return to work also of view that there are many others people who currently needed to help at NHS who can not return to work as no t enough tests available
Thanks Rich Ken
also reading yesterdays rns again so much demand for this test
read this part of rns again
Novacyt is now selling its COVID-19 test to more than 80 countries and the Middle-East is becoming the strongest selling region, with orders of £1.6m (€1.8m) received in less than two weeks. The Company expects to sign further distribution partnerships during the next few weeks in this region and also expects to update on its progress in the US market following Emergency Use Authorization granted by the US Food and Drug Administration announced on 23 March 2020.
Thanks @sharehunter3, I see investment in critical and important products with solid fundamentals as key part of any portfolio. I trust this company will go on to grow a solid series of critical medical testing devices which will ensure we have good diagnostic tools within health services around the world. Today our focus is on Covid19 but we don't know what is next. Good companies with solid R&D and innovative and smart designers are key just like within Novacyt.
I wish all investors much success.
Keep safe!
Cheers, RK
Rich Ken you building up a nice sized holding ,hope you make a lot of money here ,hoping this week even may see more news and a nice move up with share price
I am indeed, I will not be parted from those shares! That is a fundamental business to the future of reliable stationary energy storage and additive to the worlds steel market, when the world gets back to normal. Vanadium has a huge future. The VRFB is a key elimination of the new under construction Energy Hub in Oxford. Thanks for asking TrustedInvestor.
But I am very happy to be building a significant holding here. Medical manufacturing is a solid part of any investors portfolio. Working as a key supplier into this market I see the continuous investment and growth in this field in the UK it is a vital part of UK manufacturing and multiple global medical device and pharmaceutical business have key plants in the UK and Ireland which are all expanding.
Cheers RK
Rich Ken , Mick T Kipper good to see buyers like yourself who buying with a longer term view building up more of a holding when a dip now watching again today to see if more news may be released today again ,
...you're... :)
Big deal your great
Are you still in BMN Ken? Hopefully it will take off like NCYT once the coro-19 pandemic is over.
NYCT.......just part of the link above. Added a few more on the fall this morning. Looks like spivs doing a quick turn on the stock lowering it aided by the MMs with shifts in the spread.
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Novacyt S.A* (NCYT.L): COVID-19 test update Share price: 171p; Market Capitalisation: £115m
Novacyt provided an update regarding its CE-Mark and research use only COVID-19 test. As of 27 March, the Group has sold and received orders for over £17.8m of its COVID-19 tests. (Friday 20 March: £8.7m sold and received orders). The Group received its largest single order to date, £1.4m from a new customer in India. The Middle-East is becoming a key region, with orders of £1.6m received in c.2 weeks. Novacyt is now supplying tests to over 21 UK hospitals. As the coronavirus outbreak increases the demand for effective diagnostics, Novacyt is now selling its test to over 80 countries and last week received emergency use authorisation from the US FDA. Novacyt’s COVID-19 test can be used on multiple laboratory instrument platforms to provide results in under two hours and can be shipped at ambient temperatures. The Company continues to monitor the genomics of the SARS-CoV-2 virus against its COVID-19 test to ensure the accuracy of the test. With growing demand for its test, Novacyt is focused on ramping up manufacturing capacity. The Company, in combination with BioType Diagnostic, a german manufacturing partner, estimates a production rate of c.4m tests per month and has committed to purchasing raw materials to produce c.18m COVID-19 tests. A contract manufacturing services agreement struck last week with AIM-listed Yourgene Health Plc (YGEN.L) should further support capacity whilst the Group progresses discussions with an additional third-party manufacturer.
Well thanks to the ones who can’t see why this company is going to double again as they are fickle, I have had another chunk this morning! Thanks.
Sales and demand of these super accurate test kits made in the UK are going to grow and grow. Just because the rest of the market has bounced this morning don’t forget this is one company operating and delivering at the max. Not many of the companies that have bounced this morning are actually delivering anything as they are in lock down.
Keep your focus.
Cheers RK