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We need a reliable home test kit more than ever now that people are saying they should be paid to stay home and self isolate if showing symptoms. At the moment if people were to be paid for self isolating then pretty much everyone would be staying home regardless of having symptoms or not. With a home test kit you could use a positive result to justify staying home. Without the kit and without people being paid to stay home, people will continue to work and potentially spread the virus. because they can't afford unpaid leave.
"Omega are now in the process of incorporating Abingdon tests into their lateral flow devices and CE mark it. This will then be Validated, and once cleared it will be ready for production".
Not wishing to be pedantic but this has already been done. Abingdon CE marked it at the end of last month: https://www.londonstockexchange.com/news-article/ODX/update-on-progress-of-uk-rapid-test-consortium/14634267
As this is consortium developed, Omega is not required to CE mark separately.
At present we're waiting for the UK government contract to be finalised. Three things are likely to be delaying this:
- health is a devolved issue, so you have to get agreement from four different administrations;
- the DHSC/NHSE lawyers are busy with the Covid 19 national contract renegotiations (not going well);
- the Cabinet are busy trying to throw 'dead cats' around to distract from their various travails, including their ****-poor Covid performance and their rapey MPs...
Midox that is wrong...
From Colin
The government discussions are joint with the consortium.
rocky4j, Omega and the UK Govt are negotiating as we speak, not Abingdon.
It's Abingdon who are leading the rtc.
Yes Chuggley, I think some people forget that Omega are actually heading the consortium. Any deals done with the govt are done through them.
MIKODX i think its because you just referred to manufacturer - I know you know ODX are much more than just manufacturers - but just for those that dont. They will also Sell and Distribute - and they have a good reach in other countries inc a distributor in India - that theyve already shipped to
JAdam - You said:
"It is completely wrong to say Omega are just the manufacturers in such a way as to belittle their involvement". he lateral flow test is Mologics and has by them already been CE marked, however the technology is now being taken inhouse with technical transfer to Omega in Scotland (to be completed end of August ). Omega will also be completing the registrations and evaluations etc".
I said:
"Omega are now in the process of incorporating Abingdon tests into their lateral flow devices and CE mark it. This will then be Validated, and once cleared it will be ready for production".
So you've just repeated exactly what I've just said, but at the same time your saying I'm wrong. Can't have it both ways numpty.
This is one of the big misconceptions here IMO.
"The actual Lateral flow tests, are owned by Mologic and Abingdon Health. Omega will only be manufacturing the tests. "
People are putting value on other companies that have concepts, with lower chance of success and lower quality products because they are excited about the fact they have done the development on their own and own the IP. Development is expensive speculative and you don’t make a penny unless the product is of sufficient quality and you have means to make it and sell it.
Omega have availability of high quality products that they have capacity and ability to monetise. Make and sell. Without sunk development costs. Just because the development is done off of Omega’s books that doesn’t make it less valuable to Omega. The fact is they will make and sell. In the case of the UK RTC the best quality product with guaranteed buyer at a level of guaranteed supply at a lower price with excess sold more profitably. With Mologic it will be Omega branded products. They just didn’t have to go through the expense and pain of development. They are high quality products that they can make and sell at quantity at a healthy margin. Omega’s capabilities lie in manufacturing and distribution. They have set themselves up perfectly. This is much more valuable that a company with products under development, because Omega are already on the path to monetise.
It is the manufacturing and distribution of products that bring in the money, not development. We can adapt our product mix to match demand.
Yes we're still waiting for orders from Nigeria, Senegal, China, and India. So many things in the pipeline, orders have to start coming in soon. We will find out how good a Sales team Omega have in the coming weeks and months. CV19 has definitely slowed negotiations down, but now that economies are opening back orders should start coming in.
Agree and to add to that Omega will sell and Distribute - theyll promote when they are ready to promote. I doubt they are sitting on their hands waiting and imagine they are well in numerous contract negotiations as we speak.
I imagine they have a number of worldwide distributors with sales staff that are doing the same. No contract negotiation is quick - ive been involved in a few - days, weeks even months
There will be plenty of orders in the pipeline that are awaiting closing - GLA
Nskno1 - There really isn't nothing for Colin to shout about. The only tests Omega own are the Visitect CD4, and the Food Intolerance tests. They've done away with the Allergy tests, and if I'm not mistaken they have a CV19 antigen Elisa test.
The actual Lateral flow tests, are owned by Mologic and Abingdon Health. Omega will only be manufacturing the tests. Only Mologic and Abingdon can promote the tests. Omega are now in the process of incorporating Abingdon tests into their lateral flow devices and CE mark it. This will then be Validated, and once cleared it will be ready for production.
So Omega can't announce anything until they have CE marked the tests. The only announcements we are now waiting for is CE Mark once they've packaged the Abingdon tests, and Validation.
Don’t see that as a der amp at all dano I’m 100% in omega time will tell if that’s a good move I honestly think it will the thing that gets me is they don’t shout from the rooftops I know colin likes the understated approach but I feel we need a lot stronger pr machine
HI im not deramping as i have 80% of my money in ODX and i know we will do well over the long term with all the different things in the pipe line.
its more of a concern that we just dont seem to get promoted in anyway and i feel because of that we are getting overlooked. i do get we have the gold standard No 1 test etc etc its just the longer we wait the less likely it is that we will be the only ones with the gold standard No 1 test.
Another company announcing proof of concept for a test within 5 minutes today, probably will be **** who knows? but another company stealing for now our limelight and i just dont know why. does anyone know why we are not better promoted?
The price is going to keep dropping until news, then once news hits... and i pray its good commercials, it will fly, seems similar to gdr, which i reduced 50% to top up here. However like gdr i think people are getting carried away with rns news tommorw or intra day blah blah, and ramping price predictions. This is simple you hold, top up on the dips, and when it does go....it'll go