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Might give us a chance of getting some of that testing revenue that comes from the result of the new trial for big events including mass sporting events.Jay seems to have an in potentially here and they would have carried out the testing competently.Who knows!
I'm feeling confident with all the potential future testing opportunities, Jay will surprise us sometime soon!Sbi have multiple shots at goal here imo and wouldn't be surprised to at least see sbi bag from here in the next 3-6 months.
Great stuff in the Sport section of today's Times - SBI have replaced Randox since Randox were rubbish.
And the RFU spends an estimated £100,000 per week on COVID-19 testing, so that's almost £5m per annum of high margin extra income for SBI.....
Https://www.thetimes.co.uk/article/new-covid-19-testers-brought-in-for-english-rugby-after-bath-fiasco-sx06z6bg6
"The RFU and Gallagher Premiership have engaged a new Covid-19 testing company in a bid to speed up the process. Randox Health, the company whose testing error at its laboratory in Northern Ireland led to “huge disruption” at Bath in January, has been replaced by SourceBio International.
Bath placed all players into isolation, closed their training centre at Farleigh House and subjected the facility to a deep clean after being informed of a major Covid-19 outbreak at the club, with 19 positive cases and a further 16 players identified as close contacts.
Randox subsequently discovered that 18 of those 19 cases were actually negative and apologised, blaming “operator error” and assuring the RFU and Premiership Rugby that new “robotic systems” would ensure there was no repeat.
The RFU, which spends an estimated £100,000 per week on testing, confirmed yesterday it had switched to a supplier based in Nottingham that promised a faster turnaround of results.
SourceBio International are testing the England players and management, who gathered yesterday to begin preparations for their Six Nations game against France. The same company is also conducting all tests at Premiership and Greene King IPA Championship clubs.
“We are very pleased to support elite rugby return to play protocols using our state-of-the-art laboratories to allow elite rugby in England to continue to safely operate,” Jay LeCoque, executive chairman of SourceBio International, said.
“We have been at the forefront of Covid-19 testing programmes since the beginning of the pandemic, supporting the NHS and private healthcare groups, but also helping many of our commercial clients to maintain a safe working environment and helping businesses to get back on track.”
SBI are featured heavily in this morning's market report in the Times:
Https://www.thetimes.co.uk/article/analysts-slings-and-arrows-put-tdr-capital-offer-in-the-spotlight-ff2t6glr9
"Covid tester wins rugby trophy
A relative newbie to Aim has won the contract to test England’s rugby union players for the coronavirus.
As part of the tie-up with the Rugby Football Union, SourceBio International, which joined London’s junior market only last October, will test the England team and support staff a couple of days before big games, including this weekend’s Six Nations fixture against France. Each player will be swabbed at the team hotel or training ground and the samples will be couriered to SourceBio’s lab in Nottingham. The test results are turned around within hours.
SourceBio also will be responsible for testing all the Premiership rugby teams twice a week. The RFU’s plan is that clubs in the Championship, the second tier, will have access to SourceBio’s services, too.
Since May, the company has processed more than a million Covid tests at its labs for the NHS and private hospitals. In addition, it has been contracted by the likes of Virgin Atlantic and Bentley Motors to regularly test their staff.
The shares closed 7½p, or 3.9 per cent, higher at 197½p — about 22 per cent more than their launch price."
Well done Jay.Firmly got his tentacles in lots of potential markets and spreading sbi’s reputation for good work.
Yep. Excellent news. Also only one of 3 LSE listed companies on the governments test to release list as far as I can see. Should see a chunk of that £2B coming in here.
Excellent news today:
Https://uk.advfn.com/stock-market/london/sourcebio-SBI/share-news/SourceBio-International-PLC-COVID-testing-contract/84516111
" COVID-19 testing contract for elite rugby in England
SourceBio testing the England Rugby squad as part of the Six Nations tournament
RFU testing services to cover Gallagher Premiership Rugby and Greene King IPA Championship testing
SourceBio International plc (AIM: SBI), the international provider of integrated state-of-the-art laboratory services and products , announces that it has entered into an agreement with the Rugby Football Union ("RFU") and Premiership Rugby Limited to provide COVID-19 screening testing services for elite rugby in England.
Under the agreement SourceBio will provide COVID-19 testing services to England Rugby Senior Men's squad and support staff and to all 12 Premiership Rugby clubs players and staff. In addition, the RFU is also looking to roll-out this testing service to RFU Championship clubs who will be able to use this agreement to access the services provided by SourceBio.
SourceBio will provide COVID-19 testing to players and staff around training schedules and ahead of match days. Third party healthcare professionals sourced by SourceBio will take swabs from individuals and samples are then couriered to the Company's ISO 15189 accredited laboratory facility in Nottingham for PCR Testing. Test results are turned around in less than 24 hours.
SourceBio has processed more than 1,000,000 COVID-19 antigen RT-PCR tests for the DHSC and the NHS, Private Hospital Groups and Commercial customers since first offering its service in May 2020.
Jay LeCoque, Executive Chairman, commented: "We are very pleased to support elite rugby return to play protocols using our state-of-the-art laboratories to allow elite rugby in England to continue to safely operate within current social distancing measures. We have been at the forefront of COVID-19 testing programmes since the beginning of the pandemic, supporting the NHS and private healthcare groups, but also helping many of our commercial clients to maintain a safe working environment and helping businesses to get back on track."