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https://twitter.com/towlie1981/status/1390550945361240070?s=21
under the tweet,have a read of cellar boy tweets,some excellent sleuthing.
Hello Guys. Can someone please post a link to this document? I have been out (working) all afternoon ….
Avacta will supply the affimer which is IP protected.
Mologic will supply the LFT which will contain our Affimer and they will use GAD to manufacture it for them.
Avacta is not a manufacturer we have just licenced our affimer to Mologic.
The contract will be awarded to GAD because the Govt has financially supported the increased production facility.
Mologic have the CE and they have been taken with making sure all aspects of the product and production including our affimer are and will be compliant.
Or is this totally wrong...
Someone on twitter has got a tape measure out and reckons the redaction length in the doc is exactly 6 letters in length
Of you read the Mologic Partnership RNS it's an Avacta test but as we are using the Mologic CE and ISO it will be under their banner as a quick route to market.
Looks to me as if 7 letters min, 8 max
That sounds abot correct bella. But what does this license agreement mean for Avacta. Could we get short changed. The market was expecting 5m tests a month, so around 10m revenue a month. We need atleast 100m from this deal to justify oir market cap (with more coming from EU). If this is a small 50m deal, the SP could get hurt.
13.3.2.(i)...I think we are the test developer referred to and the redacted name us Mologic and they missed out some reactions.
The contract will be with GAD as the manufacturer and Mologic is the supplier referred to in the reductions as its a 7 letter redaction and we are the Test Developer referred to.
That's how I read it.
Roll on rolly your another wyndrum sold out byeeee
Comparing the equivalent Omega redacted contract (£374mil), I notice that paragraphs 3.1.10 & 3.1.11 are omitted from the Omega contract. So, the question is, why would those two paragraphs feature in the Mologic/GAD contract, but not in the Omega contract? Assuming GAD & Omega will be making the same sovereign test, one would think those two paragraphs would be applicable to both manufacturers. It's a real brain teaser.
Mologic contract:
https://atamis-1928.cloudforce.com/sfc/p/#0O000000rwim/a/4J000000kI0I/7JhImQT1H1UrqPqg4p59bRgE4blKhAA7Z4WmPeWJCZE
Omega contract:
https://atamis-1928.cloudforce.com/sfc/p/#0O000000rwim/a/4J000000kI0H/EySZ28HhbGWp.KyQFExkrBzY54f6HXd6hOd1W5fDn3E
Rollyroll...this is just the UK Govt contract. Remember we are the test developer and any sales to European or other Govts/companies will be on a direct basis with us and we then engage others to manufacturer for us. This is a scratch my back partnership and there will be lots of different sales deals and different manufacturing locations/ deals. We have to stop thinking one size fits all...
Remember in parallel we are submitting CE for consumer use too.
Gad/mol are delivering phase 1 of the contract (ce marking the test and producing first commercial batches) at which stage they will pass to mologic to produce.
I am sure people have looked at the file name "GAD_Signed_Redacted"
I think it being us is already priced in. To get the rerate we need signed deals with others (which would be june/july). Unless this gov deal brings us over 100m. 10% royalty would do nicely, just hope its not a small flat fee, otherwise I think we could struggle to go above £3
Stodgy88, cellar boy yes good poster
Is it you? Haha thought I knew but you were not my suspicion?
Really sad faced rolly awwwww bless
No not me im afraid,his sleuthing is way beyond my pay grade.
Rolly - how are you valuing Avacta at the moment? How does your £100m impact the MCAP?
Ok my take on the black boxes is that possibly someone redacted this by using a redaction format that would have made it invisible and then it almost looks like someone went over it sloppily and made black boxes using a drawing feature as some boxes cover the last letter of a word and the boxes appear to not cover capital letter and lower case l’s , t’s etc. Very odd unless it is a method that offsets the redaction. I can’t find options in Adobe that indicate a format that would do this. Happy to be proved otherwise...
Comparing the equivalent Omega redacted contract (£374mil), I notice that paragraphs 3.1.10 & 3.1.11 are omitted from the Omega contract. So, the question is, why would those two paragraphs feature in the Mologic/GAD contract, but not in the Omega contract? Assuming GAD & Omega will be making the same sovereign test, one would think those two paragraphs would be applicable to both manufacturers.
Quick follow up on that...
Looking at the signature page, both contracts were signed within 3 days of each other. So, the exclusion of paragraphs 3.1.10 & 3.1.11 from the Omega contract can't be accounted for by some miscellaneous update to the contract that occurred over time. So, to me it suggests that the IP paragraphs are associated with some internal relationship between GAD and Mologic, otherwise it would also feature in the Omega contract.
Also interesting to note that GAD would seem to account for approx 62.5% of govt manufacturing capacity and Omega 37.5%:
Omega award: £50M-£374M
GAD award: £50M-£1B