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TW, it does appear the Government have realised that PCR is useful for checking a positive LFT test, Regulator’s point on that is valid
Ditto the Government are moving to a U.K. supply chain for LFT’s - they have told us / invested / issued valid maiden contract
We may assume Omega’s BoD are confidant Mologic biotech will pass PD and Visitech gets same status as Surescreen
Suits the Government to keep pricing under control ?
Speculating but high percentage chance ?
HUE - U.K.
HUE - EU
DHSC - £374M contract to start
DHSC - a U.K. sovereign test
USA - Professional use
There are number of events that could come off any day, yes there is risk but ODX could well pull this off.
The large and small of it is that the new bidstats increase the first calloffs for both Medco and Innova from the DPS by x4, end of.
Who thinks that regulator would type "These values are the theoretical maximums allocated for this expenditure - not guarantees of expenditure." if there was a calloff for ODX ?
Just to clarify:
"Don’t know if this has been posted already but looks like the DHSC has been up to something…
https://www.find-tender.service.gov.uk/Notice/023729-2021?origin=SearchResults&p=1 "
The first of these is amendments to an extant procurement process, where both the Expression of Interest and Tender Opening Dates are being amended (I note they don't appear to be amending the Tender Closing Date). At a guess, they're either:
- short on EOIs (which in itself would be interesting but not unsurprising)
- wanting to make changes to the draft tender documents
"https://bidstats.uk/tenders/2021/W38/759431219
https://bidstats.uk/tenders/2021/W38/759431217"
Basically, this is them increasing the potential value of the framework itself. This could reflect a number of things:
- the move from PCR led to LFD led testing
- underestimation of demand at the initial procurement stage
- increase in costs
- they could be padding the framework to ensure funds are allocated to avoid clawback by the Treasury*
What it is unlikely to reflect directly is any shift from external to domestic supply - as the framework is open to external suppliers.
It also doesn't mean that Contracts already awarded under the Framework will also be inflated (that wouldn't be lawful). It does mean that further contract could be awarded however...
*Basically, a significant chunk of the money awarded for Covid procurements to date hasn't actually been spent. The Treasury is threatening to clawback money which hasn't been allocated, so departments are trying to allocate it where they can. Some of it may be 'lodged' on one procurement now and then shifted to other expenditure in due course, so we can't assume that these large increases are here to stay. These values are the theoretical maximums allocated for this expenditure - not guarantees of expenditure.
bangbang chicken - i wonder if you are one of the culprits who unable to control a thread's narrative - get aggressive/abusive and the either you or a mate use it as an excuse to get the thread removed?
I would not be intimidated by you in real life and most certainly not hiding behind your big plastic keyboard.
wad - the angle i am coming at is slighly different....when there directors sold it obviously raised question marks - for me at the time these were along the lines of the gov were going to sit on their hanfs - sp goint so drift..can't blame them getting get out at a nice profit ..you can always buy back at a later stage should you wish. lets forget the underhand pump - assume it was a coincidence
however maybe it was that they did not have faith in colin to deliver.
wadogara: "no way any of those who sold knew for certain what the next few months would hold"
Sure as hell they knew the touted "transformational" impact of the DHSC contract wasn't going to happen, If they had believed what the company were spewing on twitter in February they would have been idiots to sell when news was expected imminently.
No one blames them for selling on a high, just the dishonest pump before, when they showed their true colours, and have they done anything to justify their granted options, delayed tech transfer, delayed regulator engagement, no distribution agreements, no sales.
Nice extension to the carpark though !
Captain.We're not talking about who knows Colin best.Some are moaning,again,about the director sells and i'm saying they took the profit that they were happy with at that time.As it turned out,it was a fairly opportune moment considering what's prevailed since.It's done and dusted..we are at the point now where we are waiting on approvals,orders and a DHSC contract to kick in.All the whinging in the world will not change what's gone before.Certain posters on here are clearly doing it ONLY to wreck any positive sentiment,NOT for informative or conversational purposes.IMO,the upside from here FAR outways any further downside.Non covid revenues going forward will support 35-40p for the forseeable so i'm not one bit worried.Do your worst for your few pounds..meanwhile most of the rest of us will be having a life.
Incase u missed it 1st time lol
@Computer.We were all able to offload in the '90s but most chose not to.Directors sell all the time,sometimes the SP falls afterwards,sometimes it rises.There's no way any of those who sold knew for certain what the next few months would hold..unless they were using the same tea-leaves that u must be using to make your assumptions.Get over it,move on,and stop regurgitating the same moan-fest to suit your agenda.
wad - i suspect the directors who sold know Colin pretty well - certainly better than those who rock back n forth on their heels and chant "in colin we trust" "king colin"
they clearly weren't taking any chances
@Computer.We were all able to offload in the '90s but most chose not to.Directors sell all the time,sometimes the SP falls afterwards,sometimes it rises.There's no way any of those who sold knew for certain what the next few months would hold..unless they were using the same tea-leaves that u must be using to make your assumptions.Get over it,move on,and stop regurgitating the same moan-fest to suit your agenda.
Okay great sell then computer..
Be nice if ODX gets theirs quadrupled too
4 times sitting on your hands doing nothing !
Colin knew from the start the contract was a stand by contract worth next to nothing, hence the downbeat announcement RNS, and its sure as S*** the BoD knew what the reality was and couldn't believe it when they were able to offload in the 90's
Wtf is twatcher on... He's on lse all night and day lol
All the Chinese contracts end July 2022. Omega Diagnostic’s ends Feb 2023. Be nice if ODX gets theirs quadrupled too; seems to be a lot of quadrupling going around LFT contracts today. ;)
Well the only companies awarded lfts contracts on bidstats are ODX, GAD and Surescreen
https://bidstats.uk/tenders/?q=lateral+flow
Medco - £325M
Sterilab Services - £272M
Tanner Pharma - £243M
Innova - £144M
Innova - £137M
Tanner Pharma - £91M
Tanner Pharma - £34.3M
Also Air Charter services approx £15M to ship them.
All actual supply orders placed by the DHSC after Omega's pig of of DHSC contract was awarded....
"Well the only companies awarded lfts contracts on bidstats are ODX, GAD and Surescreen. Needs double checking."
Nonsense
Tanner Pharma, Medco, Innova, Sterilab have all had call-offs listed on bidstats
Although there are no supplier names mentioned, it doesn't take much to figure it out.
That the first call of for the medco contract :- https://bidstats.uk/tenders/2021/W28/754843816
was for £62,475,000 published 15th jul for delivery until dec.
The one posted today:- https://bidstats.uk/tenders/2021/W38/759431219
Says it is increasing a 1st call-off that was originally valued @£62,470,000. So Thats a first call-off increase for Medco.
Note that medco have a second call off on bidstat published last week for £325M
The first call off for Innova in july was for £143,750,000 here:- https://bidstats.uk/tenders/2021/W28/754843843
the other update posted today here:- https://bidstats.uk/tenders/2021/W38/759431217
States it is raising a call-off from £143,750,000 to 518750000 . So Thats raising the innova call-off to over £500M
Colin should be putting pressure on the Govt to clear the Mologic Antigen tests, in that case. In a time when they are crying out for tests we still can't win a contract. Something has to happen in this window. If not, then this whole contract we have with the Govt has left me totally discombobulated.
tricky - tanner and medco appeared on bidstats last week
if colin don't want it someone else will
Just look like amendments to me
What about the recent contract awards for £800 million Chinese tests? They’re part of the same March 5th £8 billion second call, too - unless I’m mistaken. Or were you just referring to UK companies?
Well the only companies awarded lfts contracts on bidstats are ODX, GAD and Surescreen. Needs double checking.
They’ve quadrupled the value of the tenders, by the look of it.
Looks like it’s in relation to the £8bn lateral flow DPS tender posted on the 5th March by the looks of it and whichever companies have already got a piece of it…
https://bidstats.uk/tenders/2021/W09/746193438
https://www.find-tender.service.gov.uk/Notice/004511-2021?origin=SearchResults&p=2